Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.
A collection of vacant lots in southern Bushwick is about to become housing. Applications have been filed to put up a five-story apartment building at 984 Madison Street, between Broadway and Bushwick Avenue.
Construction is now six floors above street level on the 17-story, 50-unit mixed-use building under development at 232 Seventh Avenue, located between West 23rd and 24th streets in Chelsea. The latest photo is courtesy of photographer Tectonic. The most recent building permits indicate the project will measure 53,135 square feet with a roof rising 170 feet above street level. There will be 2,424 square feet of retail space across the ground and cellar levels, followed by residential units on the second through 16th floors. The units will be rental apartments and should average 798 square feet apiece. An anonymous Chelsea-based LLC is the developer and C3D Architecture is behind the design. Completion is expected in 2017.
Vacant lots are quickly becoming a thing of the past in Bushwick, as investors eye properties on blocks that were once pockmarked by the riots. Today YIMBY has a rendering for a small two-building development headed to 79-81 Stanhope Street, between Central and Evergreen Avenues.
Jamaica-based A&I Developers Inc. has filed applications for a pair of three-story, five-unit residential buildings at 21-17 and 21-19 Birdsall Avenue in Far Rockaway. The buildings will measure 5,993 square feet each and, between them, the total of 10 residential units should average 903 square feet apiece, indicative of family-sized apartments. There will be a total six off-street parking spaces, all located indoors. Barry J. Bank’s Kew Gardens-based engineering firm is the applicant of record. The 50-foot-wide, 6,750-square-foot property is vacant. The Far Rockaway-Mott Avenue stop on the A train, as well as the neighborhood’s Long Island Rail Road station, are three blocks away.