In January, Kushner Real Estate Group and Mark Built Homes acquired, for $12 million from the borough, the five-acre development site at 33 Green Village Road, in the northern New Jersey community of Madison. Last week, the developers hosted a groundbreaking ceremony for their four-story, 135-unit mixed-use complex, dubbed Madison Place, TapIntoMadison reports. Planned is a 100-unit component called Rose Hall, which will host market-rate rental apartments, and a 35-unit component named Madison Place, which will contain condominiums. Rose Hall will also feature ground-floor commercial space for retail and restaurants, as well as a 3,000-square-foot community center. The site was previously occupied by the long-vacant Green Village Road School, which has since been demolished. Marchetto Higgins Stieve and landscape architecture firm Melillo + Bauer Associates are designing. Completion is expected in 2017. The complex will be located three blocks north of NJ Transit’s Madison station.
The 33-story residential building at 44-26 Purves Street has risen past the 20th floor on its way to its 374-foot-high pinnacle. The luxury rental apartment building is being jointly developed by Brause Realty and the Gotham Organization. Completion is expected in late 2017, when its glass-and-copper design will stand as one of the most distinguished in all of Long Island City.
In 2015, Bonjour Capital acquired the 11,857-square-foot development site at 1988-1996 Second Avenue and 303 East 102nd Street – located between East 102nd and 103rd streets in East Harlem – for roughly $25 million. Now, it has been revealed that the developer is planning a 12- or 13-story, 120,000-square-foot residential building at the site, Crain’s reports. The units will be rental apartments, although the number of them is not currently known. The site can accommodate 71,142 square feet of residential space as-of-right, but the site comes with addition air rights, boosting that figure to roughly 120,000 square feet. Groundbreaking is expected by the end of the year, with completion scheduled for early 2019. All seven of the assembled lots are currently vacant.
Bronx-based Las Gun Hill Dos Realty Corp. has filed applications for two two-story, two-family mixed-use buildings at 1664-1668 East Gun Hill Road, in the North Bronx’s Pelham Gardens neighborhood, located 10 blocks east of the Gun Hill Road stop on the 5 train. From west to east, they will measure 6,381 and 5,316 square feet respectively. Both will contain 1,567 square feet of commercial-retail space on their ground floor. Across both buildings, the residential units should average a family-sized 1,297 square feet apiece. Queens-based Gino Longo is the architect of record. The 7,925-square-foot lot is currently vacant.
Property owner Jian Le Huang has filed applications for a four-story, seven-unit residential building at 1821 Grove Street, in Ridgewood, located four blocks from the Seneca Avenue stop on the M train. The structure will measure 5,000 square feet, which means its residential units should average 704 square feet apiece, indicative of rental apartments. There will be two apartments per floor on the ground through third floors, followed by a single unit on the fourth floor. A laundry room will be located in the building. Queens-based Julien Flander is the applicant of record. The 25-foot-wide site is currently occupied by a two-story townhouse. Demolition permits were filed in January.