Community Facility

12 Franklin Street

Developer Acquires Commercial Property Within Proposed Williamsburg Enhanced Business District

Simon Baron Development has acquired the two-story commercial property at 12 Franklin Street, in southern Greenpoint, for $24 million, according to The Real Deal. Located six blocks from the Nassau Avenue stop on the G train, the property is within the proposed Enhanced Business District, which would allow developers to trade light manufacturing space for extra office space in the North Williamsburg Industrial Business Zone. Before proposing to build anything, Baron is waiting to see how well the proposed rezoning works. Under current zoning, the property could accommodate a new 55,500 square-foot commercial building, or if community facility space is included, a 133,320 square-foot building.

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71-53 Austin Street

New Developer To Build 12,000-Square-Foot Commercial Project At 71-53 Austin Street, Forest Hills

The Jackson Group and A&H Acquisitions have sold the 1,630 square-foot development site at 71-53 Austin Street, in Forest Hills, to Austin Prop LLC for $8.7 million. According to Commercial Observer, the Little Neck-based investor plans to build a commercial building with a ProHealth urgent care medical facility. The vacant site can accommodate a new development of up to 20,000 square feet, although it appears a 12,000 square-foot building is planned. ProHealth signed a lease to occupy 75 percent of the project back in 2013. The site is located three blocks from the Forest Hills – 71st Avenue stop on the E, F, M, and R trains.

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Mayor Proposes Transforming Governors Island Into Year-Round Mixed-Use Community

In Mayor Bill de Blasio’s State of the City speech given last Thursday, a significant mixed-use development initiative was proposed that would transform Governors Island, which measures 172 acres in the Upper Bay just off the southern tip of Manhattan, into a year-round community. According to Politico New York, the car-free island has 900,000 square feet of development potential on 33 acres, and the mayor is seeking to utilize it to build cultural, educational, and commercial properties. The project will be handed over to the Trust For Governors Island and a Request for Proposals (RFP) should be launched later this year. Construction could begin as soon as 2019, although the Hills, a 10-acre man-made park designed by West 8, is slated to open this summer. The National Park Service oversees two 19th century forts (22 acres) on the island and roughly 92 acres on the historic northern end is a U.S. National Historic Landmark.

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424 East 34th Street

NYU Langone’s 21-Story, 830,000 Square-Foot Hospital Expansion Rises At 424 East 34th Street, Kips Bay

In late 2013, YIMBY reported on applications for New York University Langone Medical Center’s planned Helen L. and Martin S. Kimmel Pavilion hospital expansion at 400-424 East 34th Street, located on the corner of the FDR Drive in Kips Bay. Now, Tectonic has photos of the structure and it’s 12 stories above street level and rising. The new hospital wing, which will connect to Tisch Hospital, will stand 21 stories in height and measure 830,000 square feet. The medical facility will feature single-bed inpatient rooms, procedural and operative rooms, conference rooms, and amenities like children’s play areas and a café. It will also share the same support services with the rest of the campus. Ennead Architects is designing and completion is expected in 2018.

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438 East 12th Street

New Renderings Of Six-Story, 82-Unit Mixed-Use Project Underway At 438 East 12th Street, East Village

Last summer, excavation kicked off at 438 East 12th Street, in the East Village, where a six-story, 82-unit mixed-use building is under development by Douglas Steiner. Then in December, the developer secured a $130 million construction loan for the project. The Real Deal now reports the project has received approval from the Attorney General’s office, putting the valuation of the project’s 82 units at $215 million. When completed in 2017, the 151,943 square-foot building will have 8,376 and 961 square feet of ground-floor retail and medical offices, respectively. The units above will average 1,315 square feet apiece, and will come in one- to four-bedroom layouts. The amenities, located on the ground and cellar levels, will include a pool and spa, a gym, a library, and a children’s playroom, as well as courtyard and rooftop gardens. Perkins Eastman affiliate S9 Architecture is the designing architect and Paris Forino is designing the interiors.

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