Residential

129 Beach 116th Street

Developer Purchases Mixed-Use Development Site At 129 Beach 116th Street, Rockaway Park

An anonymous LLC affiliated to Brooklyn-based Marcel Group has purchased the relatively large block-thru development site at 129 Beach 116th Street, in Rockaway Park, located a block south of the Rockaway Park – Beach 116th Street stop on the A and Rockaway Park Shuttle trains. According to DNAinfo, the developer paid $5 million for the site, which is currently home to a vacant single-story structure. The property could accommodate an eight-story, 114,000 square-foot mixed-use building with up to 16,000 square feet of retail space.


1555 Bedford Avenue

Mixed-Use Redevelopment Planned At Bedford-Union Armory At 1555 Bedford Avenue, Crown Heights

The New York City Economic Development Corporation (EDC) is allowing an undisclosed developer to redevelop the currently vacant, 138,000 square-foot Bedford-Union Armory property at 1555 Bedford Avenue, in western Crown Heights. According to DNAinfo, the former military facility will be transformed into residential units and a recreational facility. The domed portion of the facility will be home to a soccer field, three basketball courts, and a swimming poll, and will be operated by CAMBA. Along President Street, 13 townhouse units will be carved out of the building. The armory is low-rise in nature on its southern street front. Finally, a mixed-income residential building will be built from the ground up on the site’s eastern end. The entire project must pass through ULURP.


200 East 66th Street

Condo Conversion Wraps Up At Manhattan House, Former Upper East Side Rental Building

The condominium conversion of the Upper East Side’s Manhattan House – a landmarked 20-story, 584-unit rental complex, located at 200 East 66th Street and built in 1951 – is now wrapping up, the Observer reports. O’Connor Capital Partners shelled out $623 million for the exclusive rental property back in 2005. Today, the complex sports 495 condominiums and an additional 93 rent-stabilized units. Twenty-six of the condos have yet to be sold. Gordon Bunshaft of Skidmore, Owings & Merrill originally design Manhattan House, and Sasaki Associates designed the building’s private garden.


202-04 Hollis Avenue

Six-Building, 120-Unit Supportive Housing Redevelopment Underway At 202-04 Hollis Avenue, Hollis

The City’s Human Resources Administration is pushing to make six long-vacant, two-story buildings on Hollis Avenue – between 202nd and 204th Streets, in Hollis Queens – into permanent affordable housing for homeless veterans. The roughly 120-unit complex is in the midst of gut renovations, according to DNAinfo. The Bluestone Group is currently leasing the properties, which span 202-04 to 203-24 Hollis Avenue, from Rita Stark. The buildings are now being furnished, although there’s no word yet on when move-ins can be expected.


51 Jay Street

Seven-Story, 74-Unit Residential Project Officially Tops Out At 51 Jay Street, DUMBO

Last week, Brownstoner brought us a construction update on the seven-story, 74-unit residential redevelopment at 51 Jay Street, in DUMBO, and now YIMBY can announce the expansion project has officially topped out. Its residential units average 1,815 square feet apiece and have commanded one of the highest price per-square-foot figures in the neighborhood, selling at $2,083 per-square-foot. The building is nearly 75 percent sold, as reported earlier, and move-ins are expected sometime next summer or fall. Residents will have a slew of amenities available to them, and 1,333 square feet of retail space is planned on the ground floor. Slate Property Group and Adam America Real Estate are the developers, while ODA Architecture designed the project.


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