Back in August, YIMBY brought you news that Madison Equities was in contract for the development site at 45 Broad Street, in the Financial District, and now the developer has closed on the property for $86 million. Madison Equities is partnering with Pizzarotti-IBC to build a 65-story condominium tower, potentially totaling 290,000 square feet. AMS Acquisitions is also a minority investor, and Cetra/Ruddy is designing the project. Completion of the tower is tentatively scheduled by 2019.
Dawanna Williams, of BCDL Real Estate Development, has filed applications for twin three-story, three-unit residential buildings at 653-655 Hinsdale Street, on the western edge of East New York, three blocks from the L train’s stop at New Lots Avenue. The buildings will each measure 3,636 square feet, which means the units — four of six are indicated as duplexes — will average 1,212 square feet. Jose Carballo’s Hackensack, NJ-based JCA Group is the applicant of record, and the plot of land is currently vacant.
Development sites in East Harlem are disappearing fast, as investors snap up the neighborhood’s once-derelict lots and vacant buildings. But one developer managed to snag a vacant lot at 228 East 118th Street, between Second and Third Avenues. New building applications were filed earlier today to erect a seven-story apartment building on the 55-foot-wide lot.
Earlier this month, YIMBY reported on applications for three two-unit residential buildings at 731-735 Autumn Avenue, on the eastern end of East New York near the Queens border. Yesterday, Matthew Adhoot filed applications for four additional two-unit buildings at 737-743 Autumn Avenue. The four added buildings combine for a total 11,157 square feet in residential space, which means units will average 1,395 square feet. Combined with the townhouses planned at 731-735 Autumn, the development will boast 14 residential units. Pirooz Soltanizadeh’s Queens-based Royal Engineering is the applicant of record.
Joshua Markovics’ Brooklyn-based Royal Builders Realty has filed applications for an eight-story, 19-unit residential building at 1287 East 19th Street, in Midwood, four blocks from the Q train’s stop at Avenue M. The building will measure 19,723 square feet, which means units will average 1,038 square feet. Hudson Valley-based Kenneth Thomas is the applicant of record, and two dilapidated two-story homes must first be demolished.