Manufacturing

23-30 Borden Avenue

Developer Acquires Large Manufacturing Site At 23-30 Borden Avenue, Long Island City

10:00 am on February 23, 2016 By Reid Wilson

Developer Atlas Capital Group LLC, which done work across the country, has acquired the 276,705-square-foot warehouse at 23-30 Borden Avenue, in southern Long Island City, for $48 million. Bloomberg Business reports the warehouse serves as the home of Fresh Direct LLC, an online grocer, although the company will soon move to a new location currently being constructed in the Bronx. The Long Island City site is located within a manufacturing zone (M3-2) and currently yields 129,847 square feet of additional development rights under current zoning. But that could change if the developer initiates a zoning change or if the city moves forward with a general rezoning of the area, which could possibly allow for residential units to be built in this industrial section. Who is behind Atlas Capital Group, LLC? That will remain a mystery until the sale is complete.

12 Franklin Street

Developer Acquires Commercial Property Within Proposed Williamsburg Enhanced Business District

10:00 am on February 12, 2016 By Reid Wilson

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.

25 Kent Avenue, rendering via Heritage Equity Partners

How the City is Encouraging Office Development and Manufacturing in North Williamsburg

4:30 pm on January 15, 2016 By Rebecca Baird-Remba

Just as the MTA considers a lengthy L train shutdown to repair flood damage from Hurricane Sandy, the Department of City Planning has kicked off the approval process for Williamsburg’s first new office building in decades. But the rezoning for the development at 25 Kent Avenue includes a policy that could shape industrial areas throughout the city. It would create a special district that allows developers to trade light manufacturing space for extra office space.

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945 Bergen Street

Six-Story, 36-Unit Mixed-Use Conversion At 945 Bergen Street Lands Financing, Crown Heights

10:00 am on January 5, 2016 By Reid Wilson

Back in the summer of 2014, YIMBY reported on filings for a new eight-story, 119-unit mixed-use building at 945 Bergen Street, in northwestern Crown Heights, but those plans have since been abandoned for a more conservative project. Instead of demolishing the former Nassau Brewing Co., Crow Hill Development is planning to convert the dilapidated four- and six-story structures into a single mixed-use building measuring 71,692 square feet. The building will include 32,493 square feet of residential space for 36 units. Retail space and restaurants will be located on the ground and below-grade levels, and the remaining square footage will take on some form of manufacturing use. Commercial Observer reports an $18 million construction loan was recently secured, and completion is expected in early 2017. Formactiv Architecture is designing.

2325 Hollers Avenue

Four-Story, 152,000 Square-Foot Commercial Warehouse Filed At 2325 Hollers Avenue, Eastchester

1:00 pm on December 18, 2015 By Reid Wilson

An anonymous LLC based in Midtown South has filed applications for a four-story, 151,874 square-foot warehouse building at 2325 Hollers Avenue, in Eastchester, an industrial neighborhood located in the North Bronx. The block is zoned for medium manufacturing uses, and commercially rentable space in the structure would total 100,279 square feet. Jack Wilbern’s Virginia-based Butz Wilbern LTD is the applicant of record. The assembled lots are vacant with the exception of an auto shop located on the corner.

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