Commercial

1568 Broadway

Developer Acquires Leasehold For DoubleTree Suites Hotel At 1568 Broadway, Times Square

10:00 am on January 4, 2016 By Reid Wilson

Last month, the leasehold interest of the 45-story, 468-key DoubleTree Suites hotel (by Hilton New York City – Times Square) was purchased for $540 million by Indianapolis-based Maefield Development, according to The Real Deal. The mixed-use building at 1568 Broadway, between West 46th and 47th Streets in Times Square, currently contains ground-floor retail space and the Palace Theatre, which was designated an interior landmark in 1987. Last November, YIMBY brought you news of the proposed retail and lobby expansions, and the restoration (and raising) of the Palace theater for entertainment purposes. The building is set to receive a significant overhaul, which includes the hotel portion as well as the installation of a new, state-of-the-art LED screen.

3802 White Plains Road

Five-Story, 10-Unit Mixed-Use Building Filed At 3802 White Plains Road, Williamsbridge

6:30 am on December 30, 2015 By Reid Wilson

Long Island-based property owner Ijaz Ahmad has filed applications for a five-story, 10-unit mixed-use building at 3802 White Plains Road, in Williamsbridge, located directly below the 219th Street stop on the 2 and 5 trains. The project will measure a total of 11,491 square feet and includes 3,470 square feet of medical offices across the ground and cellar levels. The residential units will begin on the second floor and should average roughly 800 square feet apiece. The building will be topped by a rooftop recreational space. Hackjong Choi’s TriBeCa-based Beyond Arch is the applicant of record.

Some of biggest current adaptive reuse projects: St. Ann's Warehouse (via Curbed NY), 111 West 57th Street, Tammany Hall, 10 Jay Street, and 28 Liberty Street

LPC Chair, Top Architects Review NYC’s Adaptive Reuse Projects

8:00 am on December 23, 2015 By Evan Bindelglass

The New York City landmarks law was signed 50 years ago this year. So, what better time to talk about some of its successes? Plenty of great structures, such as the Empire State Building, completed in 1931 as a multi-tenant office building, are easy to keep relevant and functioning. Others, however, become obsolete and can no longer perform their originally intended purpose. That’s where adaptive reuse comes in. If you haven’t heard the term, it’s when an old structure is adapted for a new use. It’s often how we are saving our great city.

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7 Ludlow Street

Two-Story Movie Theater Conversion Underway At 7 Ludlow Street, Lower East Side

6:30 am on December 23, 2015 By Reid Wilson

Property owner Alexander Olch is currently converting the former warehouse at 7 Ludlow Street, on the Lower East Side, into a two-story, two-screen movie theater, according to Bowery Boogie. The 8,853 square-foot theater, dubbed the Metrograph, will include a bookshop, a café, a lounge, and a restaurant, DNAinfo reports. Work is now focused on the interior of the structure and opening is currently slated for February 19, 2016. Daniel Margulies’ Garment District-based Margulies Houlzki Architecture is the architect of record.

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