Last fall, Chinese developer Cheerland Investments paid a whopping $129 million for the United Charities office building at 287 Park Avenue South, a nine-story Renaissance Revival structure built in 1892. An insider told the Wall Street Journal that it would be converted to condos, and earlier this week, permits were filed for a residential conversion that would add nine stories to the top.
Applications have been filed for a three-story, three-unit residential building measuring nearly 5,300 square feet at 1448 57th Street, in southern Borough Park. Horia E. Iuonas is the architect of record, and an existing two-story structure must first be removed.
An LLC has filed applications for a six-story, 11-unit residential building measuring 8,014 square feet at 323 East 53rd Street, in Midtown East. Technically the project would be an expansion of the existing four-story townhouse, but the new structure would have a total floor area greater than 100% of the existing building. Vail Associates is designing.
Bedstuy Management LLC has filed applications for a four-story, eight-unit residential building measuring 5,417 square feet at 61 Schaefer Street, in souther Buschwick. ARC Architecture & Design Studio is designing, and the structure will include a fifth-floor penthouse level. An dilapidated two-story structure must first be demolished.
212 Fifth Avenue will see new life as a residential building. On Tuesday, the Landmarks Preservation Commission approved changes to the structure, which was originally constructed as an office building in 1913. The redevelopment of the building is being done by Building & Land Technology, Madison Equities and Thor Equities.