The Department of City Planning is now reviewing proposals to construct a nine-story mixed-use development at 1160 Flushing Avenue in Bushwick, Brooklyn. Designed by S9 Architecture and developed by Totem Brooklyn, the property will comprise more than 238,000 square feet and include a mix of retail, office, and light industrial components.
The Empire State Building has joined the race to attract new commercial tenants who demand an amenitized building for the next generation of workers. In an announcement from Empire State Realty Trust, current owners of the iconic property, the building’s amenity offering will be expanded to include a town hall meeting space for up to 400 people, a basketball court, a lounge, food and bar service, and an additional lounge with two golf simulators.
Renovation and expansion work is underway on Schwarzman Animal Medical Center, a ten-story veterinary hospital at 510 East 62nd Street on Manhattan’s Upper East Side. Designed by Perkins + Will, the $70 million non-profit project was funded by the Langone and Tisch families, Annette de la Renta, and public campaigning, and will add 11,000 square feet to the existing 26,000-square-foot, 113-year-old structure. The property is bound by the FDR Drive to the east, East 61st Street to the south, York Avenue to the west, and East 62nd Street to the north.
Newmark, a global real estate services company, has successfully arranged $175 million in capitalization to facilitate a major renovation of 45 East 53rd Street in Midtown, Manhattan. Located in the Plaza District, the building once operated as the New York headquarters for Santander Bank, but sold in April to ZG Capital and Rialto Capital Management.
Excavation is set to begin at 417 Park Avenue, site of a 220,000-square-foot office tower in Midtown East. The project is being developed by GDS Development (GDSNY) and Klövern AB, which acquired the property for $184 million and are also building on an adjacent plot to the south at 409 Park Avenue. The plot is located at the corner of Park Avenue and East 55th Street and will rise with a floor area ratio of 25 under the Midtown East Rezoning regulations.
