Office

Office Conversion Filed for 27-Story, 45,000-Square-Foot Student Dorm at 67 Livingston Street, Brooklyn Heights

6:00 am on May 5, 2016 By Reid Wilson

Financial District-based Glory Capital has filed applications to convert the 27-story, 92-unit dormitory at 67 Livingston Street, in Brooklyn Heights, into an office building. The 45,143-square-foot, 22-foot-wide building will host office space on the ground through 25th floors. The conversion will include amenities, specifically a fitness center on the second floor and a sky lounge on the 26th floor. The property’s square-footage will remain unchanged. The 182-student dormitory is current being used by the Art Institute of New York City, and their lease expires later this year. H. Thomas O’Hara’s Midtown South-based HTO Architect is the architect of record.

187 Cook Street, rendering by J Frankl Associates

Reveal for 187 Cook Street, East Williamsburg Office Space

8:00 am on May 4, 2016 By Rebecca Baird-Remba

Last month, YIMBY reported on new office space in the works for 187 Cook Street in East Williamsburg. Now, we have the first rendering of the development, which will rise between Bushwick Avenue and White Street.

77 Chrystie Street, image via Google Maps

Permits Filed: 77 Chrystie Street, Lower East Side Office Building

7:00 am on May 4, 2016 By Rebecca Baird-Remba

Filings for new residential buildings have slowed to a crawl as the real estate lobby and the construction unions fight over the future of the 421-a tax abatement, but commercial development is alive and well across the city. Yesterday, we spotted plans for a six-story office building at 77 Chrystie Street in the Lower East Side.

54-08 74th Street, rendering by Angelo & Anthony Ng's Architects Studio

Revealed: 54-08 74th Street, Maspeth

7:30 am on May 3, 2016 By Rebecca Baird-Remba

Elmhurst’s development boom is expanding westward into Maspeth. We have a look at a four-story commercial and medical office building headed to 54-08 74th Street, in the industrial borderlands between Maspeth and Elmhurst.

19-Story, 195,700-Square-Foot Office Tower Filed at 540 Fulton Street, Downtown Brooklyn

6:00 am on May 2, 2016 By Reid Wilson

Jenel Management has filed applications for a 19-story, 195,705-square-foot office building at 540 Fulton Street, in Downtown Brooklyn. The 305-foot-tall project would contain 173,963 square feet of commercial space, a majority of which will be utilized for offices. The ground-floor office lobby will feature a storage room for nine bikes, and the office space will take up floors three through 19. Retail will fill the rest of the cellar, ground, and second floors. Jonathan Marvel’s TriBeCa-based Marvel Architects is the architect of record. The 110-foot-wide, 18,531-square-foot lot was, until recently, occupied by a two-story, 26,000-square-foot commercial-retail building. According to filings, the building was demolished in December of 2015.

New Developer to Construct Five-Story Office Expansion Atop 20-Story Commercial Building at 685 Fifth Avenue, Midtown

1:00 pm on April 29, 2016 By Reid Wilson

Earlier this week, YIMBY reported on applications to expand, by five stories, the 20-story, 115,000-square-foot multi-use commercial building at 685 Fifth Avenue, located on the corner of East 54th Street in Midtown. It was previously reported that Michael Shvo was in contract to acquire, from property owners General Growth Properties and Thor Equities, 90,000 square feet of office space (the entire office portion). That deal has since fallen through, and now, Gulaylar Group is in contract for the office space, according to The Real Deal. As part of the deal, the new owner will also develop the five-story office expansion. The sale is expected to close later this year. The lower portion of the building is currently undergoing a retail redevelopment. Its 23,400 square feet was leased to Coach in February and will become the retailer’s flagship store.

152 West 140th Street, image via Google Maps

Permits Filed: 152 West 140th Street, Harlem

7:00 am on April 28, 2016 By Rebecca Baird-Remba

As Harlem’s development boom stretches northward, investors are taking aim at the more densely built-out and better preserved blocks in central Harlem. One longtime owner hopes to redevelop a lot at 152 West 140th Street, on the corner of Adam Clayton Powell Jr. Boulevard.

Industry City Developers Plan Seven-Story, 500,000-Square-Foot Office Conversion at 168 39th Street, Sunset Park

6:00 am on April 27, 2016 By Reid Wilson

In March, details were revealed of the proposed rezoning of Industry City – a six-million-square-foot industrial-commercial complex – located west of the Gowanus Expressway, in Greenwood and Sunset Park. The developers – Jamestown Properties, Belvedere Capital, and Angelo Gordon – are now moving forward with a piece of the overall redevelopment that is independent of the rezoning. Building 19, at 168 39th Street (a.k.a. 148 39th Street), on the corner of Second Avenue, is going to be converted into 500,000 square feet of office space, according to Commercial Observer. The office space will be located across the first seven floors of the building. The conversion will feature a new lobby, new windows, and upgrades to infrastructure and equipment, like the installation of modern elevators. The Brooklyn Nets recently completed their new 70,000 square-foot training facility, called the Hospital for Special Surgery Training Center, on the eighth floor of the building.

Rendering of 787 Eleventh Avenue by Rafael Viñoly. © Neoscape

Revealed: Rafael Viñoly’s Design for Expansion of 787 Eleventh Avenue, Hell’s Kitchen

8:00 am on April 26, 2016 By Evan Bindelglass

In February, we reported that an automobile dealership building in Hell’s Kitchen was going to grow vertically, to add office space. Now, we can show you architect Rafael Viñoly’s design for 787 Eleventh Avenue.

Developer Abandons Plans for Hotel-Condo Conversion of 37-Story Sony Tower, Midtown

6:00 am on April 26, 2016 By Reid Wilson

Last month, the Chetrit Group began converting the 37-story, 855,000-square-foot Sony Tower – the office building at 550 Madison Avenue, between East 55th and 56th streets, in Midtown – into 113 condominiums, a 170-key hotel, and 25,451 square feet of retail space. Now, Olayan America (the U.S. branch of Saudi Arabia-based Olayan Group), with minority investor Chelsfield, is in contract to acquire the tower for more than $1.3 billion, according to The Real Deal, officially stopping the project in its tracks. The new owners will not follow through with the conversion and will lease the building as office space. Chetrit is selling the building, most likely because of the cooling ultra-luxury residential market, for at least $200 million more than what they payed for it in 2013. The soon-to-be new owners have secured $300 million in mezzanine debt and a $600 million mortgage for the acquisition. The sale is expected to close in May.

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