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590 Atlantic Avenue

1.5-Million Square-Foot Office Building Could Be Built At 590 Atlantic Avenue, Downtown Brooklyn

6:00 am on February 17, 2016 By Reid Wilson

In September of 2015, the Empire State Development Corp. began the eminent domain process to acquire 590 Atlantic Avenue, located across from Atlantic Terminal and Barclays Center in Downtown Brooklyn, as part of the Pacific Park mega-development. A partnership between Forest City Ratner and Greenland Holdings would develop the property, currently home to two low-rise retail buildings. Right now, the site boasts 440,000 square feet of development rights, but the developers are proposing the idea to transfer 1.1 million square feet of air rights in order to build a 1.5-million-square-foot office building. According to Crain’s, the air rights transfer would have to be approved by a state review process via the Empire State Development Corp. The air rights transfer would preserve public plaza space.

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106 West 56th Street

26-Story, 90,000 Square-Foot Office Building Planned At 106 West 56th Street, Midtown

11:00 am on February 16, 2016 By Reid Wilson

Savanna and Hong Kong-based Atom Assets have acquired the nine-story, 36,000 square-foot building at 106 West 56th Street, in Midtown between Sixth and Seventh avenues, for an undisclosed amount. Crain’s reports the developers are planning to build a 26-story, 90,000 square-foot boutique office building. Zoning allows for the project to have up to 75,315 square feet of commercial space, and the building’s office floors will range from 5,000 to 2,000 square feet each. Perkins Eastman will be responsible for the design. The property’s current tenant has a year to vacate from the site, although demolition permits were already filed this past January to raze the building. Completion is tentatively expected in 2019.

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2213 65th Street

Six-Story, 10-Unit Mixed-Use Building Filed At 2213 65th Street, Mapleton

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

Brooklyn-based David Ogorek has filed applications for a six-story, 10-unit mixed-use building at 2213 65th Street, in Mapleton, located a block from the Bay Parkway stop on the N train. The project will encompass 16,033 square feet and will include 2,000 square feet of commercial space on the ground floor for retail and offices. Residential units will begin on the second floor and should average a relatively spacious 1,000 square feet apiece. Manuel Pereiras’ Union City, New Jersey-based Pereiras Architects Ubiquitous is the architect of record. The 40-foot-wide site is currently home to a single-story restaurant.

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New Lab

50,000 Square-Foot ‘New Lab’ Office Building To Open This Summer at Brooklyn Navy Yard

6:00 am on February 12, 2016 By Reid Wilson

The city has announced it will open two business hubs totaling 100,000 square feet this summer as part of its UrbanTech NYC program, according to Crain’s. One of them will be a 50,000 square-foot building in the Brooklyn Navy Yard, dubbed New Lab. The facility, which is currently being renovated, will offer affordable commercial rents to companies in search of office and/or manufacturing space. The other 50,000 square-foot location is at Grand Central Terminal, and companies will have to apply and then be selected to lease space. Macro Sea is developing – and designing in-house – the Brooklyn Navy Yard’s facility, and the New York City Economic Development Corporation (NYCEDC) is behind the initiative.

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109 South 5th Street

Former Six-Story Factory At 109 South 5th Street To Be Converted Into Office Space, Williamsburg

3:00 pm on February 10, 2016 By Reid Wilson

Meadow Partners has filed applications to convert the former six-story, 65,000-square-foot factory at 109 South 5th Street, in western Williamsburg, into an office building. According to The Real Deal, there will be 60,700 square feet of commercial space. The interior of the structure will be gut-renovated and eventually marketed to small office tenants in the technology and media sectors. The old factory, called the Artisan and once used to manufacture garments, was picked up for $42 million last September. Robert Stephenson’s Great Neck-based MLDS Architects is the architect of record.

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