PWR Holdings has placed the development site at 111 Montgomery Street, in western Crown Heights, on the market with an asking price in the mid-$40 million, according to Commercial Observer. The 22,000 square-foot site boasts 168,000 square feet of development rights. New building applications were filed to build a 12-story, 173-unit apartment building on the property in March.
A stalled residential development at 531 Coney Island Avenue, on the border between Ditmas Park and Kensington in Brooklyn, is finally coming back to life. A tipster sent along this photo of the site at the corner of Hinckley Place, adding that the schematics were posted on the construction fence earlier this month.
Hudson Square-based NY Equity Management has filed applications for a five-story, 10-unit residential building at 684 Madison Street, in central Bedford-Stuyvesant, 10 blocks north of the Utica Avenue stop on the A and C trains. The building will measure 7,973 square feet in total, and units will average 797 square feet apiece. Flushing-based Frank Quatela is the architect of record, and a dilapidated two-story townhouse must first be demolished.
Great Neck-based Kalico Group has filed applications for a four-story, two-unit residential building at 620 West 148th Street, in Hamilton Heights, three blocks north of the 1 train’s stop at 145th Street. The building will measure 3,754 square feet in total, and one unit will be located on the first floor, while the second will span floors two through four. Long Island-based Sion Hourizadeh is the applicant of record. The 15-foot wide lot is currently vacant.
New Jersey-based Pulte Homes is currently constructing a 38-unit townhouse development at 1 County Road, in Bergen County’s borough of Cresskill. The residential project will feature three-story, three-bedroom homes, according to NorthJersey.com. The site was once home to a garden nursery, which has since been demolished, and completion is expected by the end of 2016. Excavation is currently underway, and sales are scheduled to launch next spring.
