Office

43-01 22nd Street

New Owners to Renovate Six-Story, 225,000-Square-Foot Commercial Building at 43-01 22nd Street, Long Island City

1:00 pm on May 11, 2016 By Reid Wilson

Olmstead Properties and Newmark Holdings are in contract to acquire the six-story, 225,000-square-foot commercial building at 43-01 22nd Street, in the Queens Plaza/Court Square section of Long Island City. The building currently houses office and design spaces, with Reis Studios, Concept Press, and interior designer Christian Liaigre leasing space at the property. The building is expected to trade hands for more than $60 million, according to Commercial Observer. The new owners plan to renovate the building by upgrading the lobby and replacing the windows and elevators. Roughly 50,000 square feet of commercial space is currently available.

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3 Hudson Boulevard

Developers to Begin Foundation Work on 66-Story Office Tower at 3 Hudson Boulevard, Hudson Yards District

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

Back in May of 2015, YIMBY brought you new renderings and details of the 66-story, 1.8-million square-foot office tower planned at 3 Hudson Boulevard, located between Eleventh Avenue and Hudson Boulevard and West 34th and 35th streets, in the Hudson Yards District. Moinian Group is now starting construction on the 1,050-foot-tall tower, according to Bloomberg, without any tenants officially secured. The developer is hoping to complete financing for the $2 billion tower once it lands an anchor tenant, which they hope will happen before foundation work is completed. The tower’s leasing broker is currently in negotiations with three possible tenants, one of which could lease 1 million square feet, and two for 500,000 square feet each. The FXFOWLE Architects-designed building will also boast a pair of five-story LED screens.

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25 Kent Avenue

City Planning Commission Expected to Approve Eight-Story Office Building Planned at 25 Kent Avenue, Williamsburg

6:00 am on May 11, 2016 By Reid Wilson

In early January, the city’s Uniform Land Use Review Procedure (ULURP) kicked off for Heritage Equity Partners’ planned eight-story, 400,000-square-foot office/manufacturing building at 25 Kent Avenue, in northern Williamsburg. Now, the City Planning Commission is expected to support rezoning the block for the project, Crain’s reports. But the approval comes at the expense of the proposed neighborhood rezoning, which would establish an “Enhanced Business District” over most of the North Williamsburg Industrial Business Zone (IBZ), allowing for the surrounding blocks to be developed similar to 25 Kent Avenue. The rezoning would grant developers a boost in allowed commercial FAR in exchange for the inclusion of light manufacturing space, identical to a normal community facility FAR bonus. City Planning is expected to approve the application later this month, at which point the City Council will vote on the project. Mayor Bill de Blasio will complete the ULURP review if he decides to sign off on City Council’s pending approval. Rubenstein Partners is partnered in the project, and Gensler and Hollwich Kushner Architecture (a.k.a HWKN) is designing.

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178 Flatbush Avenue

Three-Story, 18,000-Square-Foot Office Building Filed at 178 Flatbush Avenue, Park Slope

1:00 pm on May 10, 2016 By Reid Wilson

Property owner Joseph Zelik has filed applications for a three-story, 17,882-square-foot office building at 178 Flatbush Avenue, in northern Park Slope, located two blocks from the Atlantic Av-Barclays Center stop on the 2/3/4/5/B/D/N/Q/R trains and Atlantic Terminal. According to the Schedule A, the entire building will host office space and, unfortunately, won’t contain ground-floor retail, though that could always change. Joseph Spector’s Financial District-based Dome Architecture, Design, and Engineering Group is the architect of record. The lot, at the corners of Fifth Avenue and Dean Street, is currently occupied by a single-story commercial building with multiple tenants. Demolition permits were filed in April to remove the building.

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150 Park Avenue

Five-Story, 130,000-Square-Foot Medical Building Planned at 150 Park Avenue, Florham Park, New Jersey

10:00 am on May 10, 2016 By Reid Wilson

Back in March, developers broke ground on a five-story, 256-unit residential complex at 90 Park Avenue, in the North Jersey community of Florham Park. Now, located in the same business park Green at Florham Park, a five-story, 130,000-square-foot medical office building is being planned at 150 Park Avenue. Summit Medical Group and the University of Texas MD Anderson Cancer Center recently signed a lease at the property, which will be home to a cancer treatment center. The Rockefeller Group, the same developer that built the residential project at 90 Park, is developing the medical facility. The building will be located roughly 1.5 miles from NJ Transit’s Madison station, although a large parking lot is also planned.

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