Residential


45 Broad Street

Developers Plan 86-Story, 1,100-Foot-Tall Mixed-Use Tower At 45 Broad Street, Financial District

Back in the fall of 2015, Madison Equities and Pizzarotti-IBC closed on the purchase of the 45 Broad Street development site in the Financial District, and now Curbed reports the pair are planning an 86-story, 245-unit residential tower. The supertall – being designed by CetraRuddy – would stretch 1,100 feet into the sky, although some details are still being finalized. In addition, five floors of commercial space are planned, and future residents will have access to amenities including, but not limited to, a swimming pool, a gym, and a lounge. New building applications are expected sometime this summer, and groundbreaking is scheduled for later this fall. A tentative completion date is slated for 2018.


1031 Broadway

Five-Story, Six-Unit Mixed-Use Building Filed At 1031 Broadway, Bushwick

Long Island-based Hersel Sakhaee has filed applications for a five-story, six-unit mixed-use building at 1031 Broadway, in northern Bushwick, located three blocks down from the Myrtle Avenue stop on the J/M/Z trains. The project will measure 6,750 square feet in total and includes a 1,687 square-foot ground-floor retail portion. The residential units will begin on the second floor and average 844 square feet apiece. Hudson Valley-based Kenneth Thomas is the applicant of record.


19 Clarkson Avenue

Six-Story, 11-Unit Residential Project Filed At 19 Clarkson Avenue, Prospect Lefferts Gardens

David Shavolian, doing business as an anonymous LLC, has filed applications for a six-story, 11-unit residential building at 19 Clarkson Avenue, in Prospect Lefferts Gardens, located three blocks from the Parkside Avenue stop on the Q train. The building will measure 8,098 square feet, which means units will average a rental-sized 736 square feet apiece. An existing two-story, 20-foot-wide rowhouse – currently being used as a day care – will have to be razed. Suresh Manchanda’s Flushing-based L&C Associates is the applicant of record.


660 West 42nd Street

Top 13 Floors Of 63-Story MiMa Tower To Be Converted Into 151 Condominiums

Kuafu Properties and Shanghai Construction Group’s U.S. branch have closed on the purchase of floors 51 through 63 in MiMa, the 63-story luxury rental tower located at 660 West 42nd Street, in Hell’s Kitchen, for $260.8 million. According to Commercial Observer, the developers plan to convert those floors’ 151 rental units into an equal number of condominiums under the name of 1 MiMa. The remaining 663 rental units in the building, under ownership by Related Companies and TIAA-CREF, will not be touched. Residents in 1 MiMa will have access to the tower’s 44,000 square feet of amenities and will have an exclusive entrance. A $211.6 million loan was secured for the acquisition.


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