Brooklyn-based S R Builders has filed applications for a three-story, six-unit residential building at 209 McKinley Avenue, in eastern Cypress Hills, located five blocks from the Grant Avenue stop on the A train. The building will measure 6,080 square feet, which means units will average a relatively spacious 1,013 square feet. Arnold Montag’s Great Neck-based AM/PM Design is the architect of record, and the site’s former two-story wood-frame building was demolished back in 2008.
Property owner Cyrous Akhavan has filed applications for a four-story, six-unit residential building at 727 Lafayette Avenue, in central Bedford-Stuyvesant, three blocks east of the G train’s stop at Nostrand Avenue. The building will measure 5,000 square feet, which means units will average 833 square feet. Russell Dance’s Queens-based RLD3 Engineering is the applicant of record, and the site’s dilapidated two-story predecessor was demolished late last year.
Earlier this year, YIMBY found an on-site drawing for a new development coming to 44 Kent Street, in Greenpoint. The plans were originally created for Cayuga Capital, but the firm sold the property for $8,750,000 last year to an LLC. Now, we can reveal that Pinny and Moishe Loketch of the Loketch Group are the new developers, and the design has also seen major changes, with Nataliya Donskoy’s ND Architecture and Design taking over the project.
As New York City’s development boom pushes further into the outer boroughs, builders are looking for more affordable properties in neighborhoods where few developers have been willing to tread since the city’s real estate market bottomed out in 2009.
But now the area east of Queens College—known as Pomonok or Kew Gardens Hills—is finally seeing some new construction. Bi Yuan Chen, of Flushing-based Parsons Tower LLC, is planning a seven-story apartment building with a daycare at 71-66 Parsons Boulevard, according to applications filed with the Department of Buildings on Friday.
Back in August, YIMBY brought you news that Madison Equities was in contract for the development site at 45 Broad Street, in the Financial District, and now the developer has closed on the property for $86 million. Madison Equities is partnering with Pizzarotti-IBC to build a 65-story condominium tower, potentially totaling 290,000 square feet. AMS Acquisitions is also a minority investor, and Cetra/Ruddy is designing the project. Completion of the tower is tentatively scheduled by 2019.