Commercial

Nine-Story Building At 5 East 59th Street Getting Office & Retail Conversion, Midtown

12:00 pm on October 26, 2015 By Reid Wilson

GreenOak Real Estate and Capstone Equities are transforming the nine-story, 40,000 square-foot former Playboy Club building at 5 East 59th Street, right around the corner from Central Park, into an eight-story structure fitted for a single commercial tenant, according to Commercial Observer. The building will feature retail and showroom space on the lower levels, and office space on the upper floors. The property was purchased for $85 million over the summer, and Newmark Grub Knight Frank are marketing the building’s lease.

97-34 Sutphin Boulevard, image via Bing Maps

Permits Filed: 9-Story Hotel & Community Facility, 97-34 Sutphin Boulevard, Jamaica

12:45 pm on October 22, 2015 By Rebecca Baird-Remba

A sprawling nine-story hotel may replace a collection of vacant lots and industrial buildings in Jamaica, a few blocks south of the LIRR and AirTrain station.

Extell Acquires Large East Bronx Commercial Development Site At 2505 Bruckner Boulevard

12:00 pm on October 21, 2015 By Reid Wilson

Extell Development has purchased the East Bronx property at 2505 Bruckner Boulevard, in Schuylerville, from Lightstone Group for $41 million. The development site is currently occupied by the former 14-screen Whitestone Mutiplex Cinemas building, which Lightstone shut down in 2013 with plans to build a shopping complex. The one-million square-foot property boasts roughly 829,000 square feet of commercial development rights, according to The Real Deal.

Large Commercial Development Site At 40-70 Delong Street Purchased, Flushing

6:30 am on October 21, 2015 By Reid Wilson

Sam Chang’s Great Neck-based McSam Hotel Group has sold their development site at 40-70 Delong Street, in downtown Flushing, to Flushing Point Holdings LLC for $44.5 million, according to Commercial Observer. The property consists of two tax lots currently occupied by a two-story warehouse building, but boasts 394,930 square feet of commercial development rights or 557,549 square feet of rights with the inclusion of community facility space. Plans for the site have not been disclosed.

More Appropriate Design For Meals on Wheels Building at Seaview Hospital Site on Staten Island Wins Over Landmarks

5:00 pm on October 20, 2015 By Evan Bindelglass

Meals on Wheels of Staten Island will be getting a new home, thanks to Tuesday’s approval from the Landmarks Preservation Commission. The beloved organization has outgrown its home in Richmond County and the city found it a site at the former Seaview Hospital tuberculosis treatment campus, which sits in the New York City Farm Colony – Seaview Hospital Historic District. The address is listed as 460 Brielle Avenue. In July, a presentation was made to the commission, but it was found to be too industrial for the setting. The revised design easily won over the commissioners.

Three-Story Mixed-Use Commercial Building Planned At 124 North 6th Street, Williamsburg

10:00 am on October 20, 2015 By Reid Wilson

In September, YIMBY revealed renderings for an office and retail conversion of the two-story, 20,000 square-foot building at 120 North 6th Street, in north Williamsburg, and now renderings have surfaced for another similar development right across the street at 124-136 North 6th Street. At Nos. 124-136, Thor Equities is planning to expand the existing single-story building into a three-story, 20,400 square-foot retail and manufacturing property, with retail on the ground floor and manufacturing on the second and third floors. Building Studio Architects is the architect of record.

Permits Filed: Commercial Conversion at 1797 Pitkin Avenue, Brownsville

6:00 pm on October 19, 2015 By Rebecca Baird-Remba

An attractive, early 20th century bank building has sat vacant at the corner of Pitkin Avenue and Mother Gaston Boulevard in Brownsville for a few years, a neglected architectural gem near one of the neighborhood’s sprawling housing projects. But last time YIMBY passed by the building at 1797 Pitkin Avenue, someone had started doing work on the ground floor. Now we know why: a nursing home company has filed plans to convert the commercial building into a community facility.

10-Story Office & Retail Conversion Now Planned At 10 Jay Street, Dumbo

3:30 pm on October 16, 2015 By Reid Wilson

Earlier this year, Glacier Global Partners received approval from the LPC to convert the 10-story former warehouse at 10 Jay Street, in Dumbo, into a 46 condominiums, but now the developer is planning a completely commercial building, with roughly 200,000 square feet of offices and retail spaces. The conversion will retain the approved exterior changes, which had been designed by ODA Architecture. CBRE is marketing the commercial spaces, according to The Real Deal.

Eight-Story, 62-Key Hotel Building Now Planned At 822 4th Avenue, Greenwood

2:00 pm on October 15, 2015 By Reid Wilson

Over a year ago, YIMBY reported on filings for a nine-story, 72-key mixed-use hotel project at 822 Fourth Avenue, in Greenwood, four blocks south of the R train’s stop on 25th Street. Yesterday, the building was resubmitted to the DOB with slight downward revisions, probably due to zoning restrictions. Sunset Park-based Signature Management Enterprises is still the developer, and the building will now rise eight stories and have 62 hotel rooms. Healthcare facilities will span 18,000 square feet across floors two through four, and Chi F. Lau is the architect of record.

335,000 Square-Foot Shopping Complex Planned At 750 Sunrise Highway, Valley Stream

12:00 pm on October 15, 2015 By Reid Wilson

Macerich Company, the owner of Green Acres Mall, in Valley Stream, recently broke ground on a two-story, 335,000 square-foot retail complex adjacent to their mall at 750 Sunrise Highway, one block east of the Queens border. According to LI Herald, the shopping center is being dubbed Green Acres Commons, and Ashley Furniture HomeStore, BJ’s Restaurant & Brewhouse, Burlington Coat Factory, Dick’s Sporting Goods, as well as other tenants, are expected to lease spaces when it opens in the fall of 2016.

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