Commercial

Developer Plans Four-Story Office, Retail Conversion At 61-63 Crosby Street, SoHo

3:00 pm on February 3, 2016 By Reid Wilson

Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.

Van Sinderen Plaza, rendering via McQuesten Development

Permits Filed for Van Sinderen Plaza, 130-Unit, Two-Building Project in East New York

8:00 am on February 3, 2016 By Rebecca Baird-Remba

The city is about to rezone the northeastern swath of East New York around Broadway Junction, but development is still brewing at the neighborhood’s far-flung edges. MacQuesten Development has filed plans for a sizable affordable project called Van Sinderen Plaza in the New Lots section of the hood, beneath the elevated L train tracks and next to the border with Brownsville.

540 West 25th Street, rendering by Bonetti/Kozerski Studio

Pace Gallery Files Plans for Its New Chelsea Headquarters, 540 West 25th Street

7:00 am on February 1, 2016 By Rebecca Baird-Remba

In April, Pace Gallery announced plans to redevelop its main building at 540 West 25th Street in Chelsea into an eight-story gallery complex. Now, developer Weinberg Properties has pushed forward with the project by filing applications for a 60,000-square-foot building on the site between 10th and 11th avenues.

730-Unit Mixed-Use Mega-Development At 406 Boston Post Road In Approval Stage, Port Chester

3:00 pm on January 29, 2016 By Reid Wilson

Greenwich, Conn.-based Starwood Capital Group’s mixed-use mega-development planned at the former 15-acre United Hospital campus, at 406 Boston Post Road in Port Chester, N.Y., is moving into the approval process, according to Westfair. The project would include the demolition of the existing medical complex, which would be replaced by 730 mixed-income residential units, a 135-key hotel, 217,000 square feet of medical office space, and 90,000 square feet of commercial-retail. It’s expected to complete the National Environmental Policy Act (NEPA) review process, by acquiring a Final Environmental Impact Statement (FEIS), and receive zoning approval sometime later this year. Local community coalition Sustainable Port Chester Alliance has also recently proposed an agreement that would include preserving the 13-story, 134-unit rental building at 999 High Street, which is unfortunately expected to be demolished in the process. Construction is expected to begin in 2018 following the necessary approvals.

Cindy Xu of China Overseas America (in blue) and Jersey City Mayor Steven Fulop (to her left) at the groundbreaking for 99 Hudson Street.

Ground Broken for 99 Hudson Street, Jersey City, To Be New Jersey’s Tallest Tower

8:00 am on January 29, 2016 By Evan Bindelglass

On Thursday, at a little before noon, a groundbreaking ceremony was held for 99 Hudson Street in Jersey City. Located on a site bounded by Hudson, Grand, Greene, and York streets, the 900-foot-tall mixed-use condominium tower will likely be the tallest building in the state and one of the tallest residential buildings in the entire country. The event not only kicked off construction, but also provided a venue to show off new renderings of the project.

Previous garage property at 84 14th Street (Photo by Christopher Bride for PropertyShark)

New Office Development Comes to Gowanus at 84 14th Street

7:30 am on January 27, 2016 By Rebecca Baird-Remba

Heritage Equities is trying to secure city approval for Williamsburg’s first new office building in decades, and now developers hope to build offices in another one of Brooklyn’s hot industrial zones – Gowanus. Plans were filed yesterday for a four-story office building at 84 14th Street, only a block and a half from the Gowanus Canal and the elevated Gowanus Expressway.

Four-Story, 70,000 Square-Foot Storage Facility Filed At 134-31 Merrick Boulevard, St. Albans

4:00 pm on January 26, 2016 By Reid Wilson

Mike Humphrey, doing business as a White Plains-based LLC, has filed applications for a four-story, 69,990 square-foot storage facility at 134-31 Merrick Boulevard, in St. Albans, located on the southeastern end of Queens. The commercial building will probably be self-storage and includes accessory office space and six loading berths. The prolific industrial architect Butz Wilber, based in Virginia, is the applicant of record. The site is currently home to an automobile business that recycles wrecked cars, and multiple warehouse structures must first be demolished.

21 West End Avenue Nears the Finish Line on the Far West Side

7:00 am on January 26, 2016 By Rebecca Baird-Remba

When we last checked in with 21 West End Avenue back in 2014, only a few stories of the 43-story tower had risen above street level. Now, Dermot Company is putting the finishing touches on the 529-foot-tall building between West 60th and 61st streets, and YIMBY reader Tectonic swung by for a construction update.

Three World Trade Center Rises Into The Sky At 175 Greenwich Street, Financial District

6:30 am on January 25, 2016 By Reid Wilson

YIMBY last brought you news of Three World Trade Center, at 175 Greenwich Street in the Financial Distinct, in August when we revealed the height of the 80-story office tower was reduced to 1,079 feet. Since then, when the concrete core had reached roughly the half-way point, the tower has risen significantly, as seen in photos by Tectonic. The core is now closing in on the neighboring Four World Trade Center, which stands 977 feet in height. Steel work is occurring roughly halfway up the tower, and fireproofing and glass installation is taking place on the lower levels. There will be 150,000 square feet of retail space across five floors in the 2.8-million-square-foot building. Silverstein Properties is developing the tower, Rogers Stirk Harbour + Partners is designing it, and completion is expected in 2018.

Ziegfeld Theater To Be Converted Into An Event Venue At 141 West 54th Street, Midtown

6:00 am on January 22, 2016 By Reid Wilson

The Ziegfeld, a 1,300-seat, single-screen movie theater at 141 West 54th Street, between Sixth and Seventh avenues in Midtown, is expected to be transformed into an event venue, according to the New York Post. The converted building, to be renamed Ziegfeld Ballroom, will offer a column-free, 10,000 square-foot ballroom, meetings rooms on a mezzanine level, and “advanced electronic facilities.” The well-known movie theater will close within the next few weeks, at which time its tenant, Cablevision, will cut operations. The conversion is expected to be complete in 2017. Fisher Brothers is the building’s leaseholder.

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