An anonymous New York investor has acquired, for $15.4 million, the six-story, 13,150-square-foot former residence and studio of artists Madeline Arakawa Gins and Shusaku Arakawa at 124 West Houston Street, in Greenwich Village. The new owner plans to convert the building’s ground and cellar levels into retail space and turn floors two though six into residential units, according to Commercial Observer. The building is vacant, except for a rent-controlled apartment on the fifth floor. It’s not clear if the apartments will be rentals or condos, but the future residential floors contain 14-foot ceilings and large floor plates. The property is located within the South Village Historic District, which means the Landmarks Preservation Commission would have to approve any exterior alterations.
Back in March of 2015, YIMBY reported on new applications filed for a two-building residential project on the block-thru lot at 164 South Oxford Street and 171 South Portland Avenue, in Fort Greene, located within four blocks of the B, C, D, G, N, Q, R, 2, 3, 4, and 5 trains and Atlantic Terminal. Now, the developer, East River Partners, is moving forward with slightly more contextual plans than their initial proposal in 2014 and has revealed renderings of it to Curbed NY. The latest building permits describe the South Oxford Street component as a four-story, 11,070-square-foot structure with seven units. Its units should average 1,212 square feet apiece. The South Portland Avenue side will be a five-story, 19,732-square-foot building with nine units averaging 1,566 square feet apiece. The apartments, which will be condominiums, will come in two-, three-, and four-bedroom configurations. Work is currently underway and completion is expected in early 2017. Flatiron District-based Barry Rice Architects is the architect of record.
Fourth Avenue’s development boom is moving south from Park Slope into Greenwood Heights. Developer Steve Cheung filed plans on Friday to erect a 12-story, mixed-use building at 685 Fourth Avenue, on the corner of 22nd Street. The 120-foot-tall project will bring 81 apartments and 6,400 square feet of retail space to a parking lot a couple blocks south of the Prospect Expressway.
The six-story, 69-foot-high walk-up at 211 West 28th Street has been reduced to two floors, as part of a vertical enlargement that would extend the building to 14 stories. Given the proposed 150-foot height, individual floors will average a generous 10’-9” from slab to slab. The new building would nearly double the 13,332 square feet of the original, bringing the figure up to 24,563 square feet. The former office floors would be replaced with 37 residential units. The project is being developed by Arker Companies, with Aufgang Architects as designer.
The Bronx is booming across all corners, and now in East Tremont, the city has officially broken ground on a major new mixed-income affordable housing development, dubbed Tremont Renaissance, at 4215 Park Avenue. Bound by Webster, East Tremont, and Park avenues, the building will rise on a 60,000-square-foot lot, containing 40,000 square feet of ground floor commercial space and 256 residential units above. Apartments will rent to individuals making between $38,100 and $76,200, and families of three making between $48,960 and $97,920; half of the units will rent to low-income families, while the other half will go to moderate-income tenants. Mastermind Development is behind the project, alongside HPD and HDC, and Joy Construction will be building it.