Residential

39 East 72nd Street

Seven-Story, Three-Unit Residential Redevelopment Gets Refinanced, 39 East 72nd Street, Upper East Side

1:00 pm on April 11, 2016 By Reid Wilson

Back in 2014, B+B Capital and Mink Development acquired, for $19 million, the five-story, five-rental-unit building at 39 East 72nd Street, located in the Upper East Side Historic District, with plans to restore it to its former glory as a single-family townhouse. The developers have secured $30 million in financing for the project, which now is expected to include three condominiums, according to Real Estate Weekly. The 13,036-square-foot structure will be expanded by two stories, increasing the property’s square-footage to 18,412 square feet. Filings indicate the residential units will all be triplexes, averaging an enormous 5,256 square feet apiece. The Landmarks Preservation Commission reportedly approved the project back in 2014. CetraRuddy is the design architect.

505 West 19th Street

Construction Nearly Complete on 10-Story, 35-Unit Condo Complex at 505 West 19th Street, West Chelsea

10:00 am on April 11, 2016 By Reid Wilson

Back in September of 2015, YIMBY revealed renderings of one of the duplex penthouses at the two-building, 35-unit residential complex at 505 West 19th Street, in West Chelsea. The 10-story structures are now just about complete, as seen in photos in a Curbed NY report. The structures are conjoined by a single-story connector that spans below the elevated High Line. The eastern building hosts 25 condominiums and two penthouses, while the other building contains eight full-floor condos and a penthouse. The units will come in one- to five-bedroom configurations, and amenities include a fitness center, a street-level parking garage, and bike storage space. HFZ Capital Group is the developer, Thomas Juul-Hansen is the design architect, and Goldstein, Hill & West Architects is the architect of record. Occupancy is currently underway.

138-142 Bowery

Reveal for Eight-Story, 67-Unit Apartment-Hotel at 138-142 Bowery, Little Italy

6:30 am on April 11, 2016 By Reid Wilson

Back in September of 2015, YIMBY reported on applications for an eight-story, 67-unit apartment-hotel at 138-142 Bowery, in Little Italy. Now, Bowery Boogie has revealed renderings of the project and has reported that demolition of the site’s existing two- and three-story structures has been completed. The new building will encompass 53,088 square feet, and will host 46 hotel rooms and 21 residential units. There will be commercial-retail space on the cellar, ground, and mezzanine levels, so it’s difficult to estimate the size of the hotel rooms. The apartments will span the sixth through eights floors and should average a rental-sized 658 square feet apiece. Emmut Properties is the developer and New Jersey-based Schneider Associates is serving as the applicant of record. Completion is expected in 2017. The developer closed on the development assemblage last October for $47 million.

123 Melrose Street

Developer Completes Assemblage for Two-Building Residential Complex at 123 Melrose Street & 54 Noll Street, Bushwick

6:00 am on April 11, 2016 By Reid Wilson

In October of 2014, YIMBY reported on applications for an eight-story, 385-unit residential building at 123 Melrose Street, the site of the former Rheingold Brewery complex in western Bushwick, located three blocks from the Myrtle Avenue stop on the J/M/Z trains. All Year Management has now acquired a piece (28 Stanwix Street) of the mega-block development site – bound by Evergreen Avenue and Stanwick, Melrose, and Noll streets – from Princeton Holdings and Read Property Group for $72.2 million, The Real Deal reported.

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346 43rd Street

Four-Story, Three-Unit Residential Building Coming To 346 43rd Street, Sunset Park

4:00 pm on April 8, 2016 By Reid Wilson

Property owner Ahn Lee-McKechnie has filed applications for a four-story, three-unit residential building at 346 43rd Street, in northern Sunset Park, located two blocks north of the 45th Street stop on the R train. The building will measure 4,000 square feet, which means its residential units should average a spacious 1,333 square feet apiece, indicative of condominiums. There will be two full-floor apartments on the ground and fourth floors, and a duplex unit spanning the second and third floors. Hames Hill’s Garment District-based Urban Pioneering Architecture is the architect of record. The site is currently occupied by a three-story townhouse. Demolition permits have not yet been filed.

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