Office

Redesigned Retail Space, Five-Story Office Expansion for 20-Story Commercial Building at 685 Fifth Avenue, Midtown

10:00 am on April 25, 2016 By Reid Wilson

General Growth Properties and Thor Equities have filed 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. The property’s commercial square footage – 109,543 square feet – will remain the same, because a portion of the space on the lower levels will be utilized to build the vertical expansion. As a result, the structure will see an increase in height from 227 feet to 292 feet. Coach has already secured a lease to take 23,400 square feet of retail space on the first few floors for its new flagship store, The Real Deal reports. Midtown South-based Marin Architects is the architect of record. In June of 2014, GGP and Thor acquired the building for $460 million, and it was reported last November that Michael Shvo is in contract to acquire the building’s existing 90,000 square feet of office space for north of $100 million. It doesn’t appear the future office space on floors 21 through 25 was part of the deal with Shvo.

Owner Plans Renovations for Nine-Story Office Building at 315 Hudson Street, Hudson Square

1:00 pm on April 21, 2016 By Reid Wilson

Jack Resnick & Sons is planning to renovate and reposition the nine-story, 481,184-square-foot office building at 315 Hudson Street, in Hudson Square. FXFOWLE Architects will be designing the renovation, which will include a 10,000-square-foot landscaped rooftop terrace, a redesigned lobby, upgraded mechanical equipment and elevators, and new windows, according to Real Estate Weekly. New amenities include bike storage space with locker rooms. The property boasts 52,000-square-foot floor plates, and the top five floors (or 225,000 square feet of contiguous space) is slated to be ready for occupancy in early 2019. Other portions of the LEED-certified building, which contains ground-floor retail, are available for immediate occupancy.

Three-Story, 7,500-Square-Foot Office Project Coming to 188 Butler Street, Gowanus

3:00 pm on April 20, 2016 By Reid Wilson

Vasco Ventures has filed applications for a three-story, 7,552-square-foot office building at 188 Butler Street, in Gowanus, located seven blocks from the Union Street stop on the R train. The entire structure, which will include outdoor rooftop terraces, will be used for offices. There will be 4,973 square feet of space dedicated to commercial operations, and the structure will stand 58 feet above street level, which means that ceiling heights could easily top 15 feet per floor. Nataliya Donskoy’s Brooklyn-based ND Architecture & Design is the architect of record. Demolition permits were filed in January for the 25-foot-wide site’s vacant three-story townhouse.

Bronx General Post Office. All photographs by the author

Inside the Transformation of the Bronx General Post Office, 558 Grand Concourse

8:00 am on April 18, 2016 By Evan Bindelglass

Sometime next spring, the landmarked Bronx General Post Office, located in the borough’s Concourse Village neighborhood, will start a new life as retail, office space, and a restaurant. Interior demolition work is underway and we got a peak inside last week, with Brendan Murray, vice president at Hollister Construction Services, and he pointed out an incredibly creepy aspect of the building’s history.

City to Launch Request for Proposals at Downtown Brooklyn Mixed-Use Development Site, 131 Livingston Street

4:00 pm on April 15, 2016 By Reid Wilson

The New York City Economic Development Corporation (NYCEDC), with the Department of Education and the Department of Housing Preservation & Development (HPD), is preparing to launch a Request for Proposals (RFP) for the L-shaped development site at 131 Livingston Street (a.k.a. 409 Red Hook Lane), in Downtown Brooklyn. The property would be ground-leased to a development team for 99 years and redeveloped, according to the Brooklyn Paper. The site could accommodate a mix of residential units, office space or retail, though the city will likely require the winning team to build a 500- to 700-seat public school. The lot is currently occupied by a six-story office building that houses various city-level government agencies, and it will likely end up getting demolished.

Development Team to Buy Jehovah’s Witnesses’ 11-Story Headquarters at 25-30 Columbia Heights, Vacant Site at 85 Jay Street

6:00 am on April 14, 2016 By Reid Wilson

RFR Holding, LIVWRK, and Kushner Companies are preparing to enter into contract to purchase the 11-story, 733,000-square-foot office complex at 25-30 Columbia Heights, in Brooklyn Heights, in addition to the vacant full-block, 135,000-square-foot development site at 85 Jay Street, in DUMBO, from the Jehovah’s Witnesses. The team of developers are paying $700 million for the properties, according to the New York Post. 25-30 Columbia Heights, which is commonly called the “Watchtower,” is the organization’s current headquarters. It could possibly be turned into a commercial hub, similar to how the same developers converted the former Jehovah’s Witnesses properties at 81 Prospect Street into offices back in 2014. As for 85 Jay Street, the site has been long approved for roughly 1.1 million square feet of development. That’s as many as 700 to 1,000 residential units, which could boost the neighborhood’s population by a third, Brownstoner reported a few months ago.

Renovation Planned at Three-Story, 25,000-Square-Foot Office Building, 330 Railroad Avenue, Greenwich, Conn.

3:00 pm on April 12, 2016 By Reid Wilson

Greenwich Development Partners is planning to renovate the three-story, 25,000-square-foot office building at 330 Railroad Avenue, in the downtown section of Greenwich, Connecticut. The property will receive extensive renovations on the interior, bringing the building to Class A office status, and will see the exterior cleaned and restored, according to Westfair. Solar panels will also be installed on the rooftop. Greenwich-based Granoff Architects is behind the renovation design, but will also move its headquarters into the building once it’s complete. The architecture firm will lease 17,000 square feet of space, leaving 12,000 square feet on the top floor up for grabs. Occupancy is expected in January of 2017.

Flank Purchases Mixed-Use Development Assemblage at 314-326 Wythe Avenue, Williamsburg

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

Last week, Chelsea-based developer and design firm Flank acquired the development assemblage at 41-53 South 3rd Street, in Williamsburg, and now the firm is purchasing another assemblage of properties two blocks to the north. Frank is paying $21.6 million for the two-story building at 70 Grand Street, the corner lot at 72 Grand Street, and the single- and two-story buildings at 314-326 Wythe Avenue, according to the Wall Street Journal. The property assemblage could accommodate 26,904 square feet of new development if the current structures are demolished. Current plans call for the renovation of some of the buildings, in addition to the construction of new ones (which means something is likely to be demolished). The program will include residential units, office space, and retail.

875 Washington Street as seen from the High Line

Art Installation Coming to Roof of 875 Washington Street, Meatpacking District

8:00 am on April 12, 2016 By Evan Bindelglass

A commercial building in the Meatpacking District is set to get some rooftop art. Last Tuesday, the Landmarks Preservation Commission approved a proposal to install an art mural on the side of a bulkhead atop 875 Washington Street, located between West 13th Street and West 14th Street in the Gansevoort Market Historic District.

Amenities Revealed for Three-Story Office Conversion Planned at 30-02 48th Avenue, Long Island City

11:00 am on April 11, 2016 By Reid Wilson

Back in July of 2015, news broke that Brickman Real Estate and Daniel Loeb were planning to convert the three-story, 160,000-square-foot warehouse at 30-02 48th Avenue, in the Dutch Kills of Long Island City, into office space. DNAinfo now has updated details on the conversion. The building, which will retain its name as The Bindery, will get a 4,000-square-foot lobby featuring space for four food vendors and a communal work area, in addition to amenities like bike storage, a fitness center, a food court, an art exhibit, a cocktail bar, and a roof deck. Filings indicate 69,167 square feet of factory space, spread across all three floors, will remain in the building, while 72,269 square feet will be designated as commercial space. Gut-renovations are expected to begin within the next few weeks. Fogarty Finger is the architect of record.

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