Residential

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

Three-Story, Two-Unit Residential Project Planned At 2372 Boynton Place, Gravesend

2:00 pm on March 16, 2016 By Reid Wilson

Property owner Leon Chang has filed applications for a three-story, two-unit residential building at 2372 Boynton Place, in southern Gravesend, located a block from the Avenue X stop on the F train. The new building will encompass 4,500 square feet and will boast 3,873 square feet of residential space. One apartment will span the ground floor and the second will take up the second and third floors. If residential space is divided as such, the ground floor unit will measure 1,290 square feet and the second unit will measure a spacious 2,583 square feet. Jung Wor Chin Architect is the architect of record. The 25-foot-wide lot is currently occupied by a two-story, single-family, wood-framed structure. Demolition permits have already be filed to raze it.

Excavation Kicks Off At 12-Story, 49-Unit Condo Project At 160 Leroy Street, West Village

11:00 am on March 16, 2016 By Reid Wilson

Back in November of 2015, new details and renderings surfaced of the planned 12-story, 49-unit residential building at 160 Leroy Street, in the West Village, and YIMBY can now report that excavation is underway, as seen in a photo by Tectonic. Developers Ian Schrager, Vector Group, and Carlton Group secured $265 million in financing last month for the 184,935-square-foot project. The condominium units will average a very spacious 2,874 square feet apiece, with units ranging from 1,100 square feet to a 12,000-square-foot penthouse, and amenities include landscaped courtyards and gardens, a 70-foot swimming pool and spa, an entertainment lounge, a kids clubhouse, a gym, and an 834-square-foot restaurant. Herzog & de Meuron is the design architect, S9 Architecture & Engineering is serving as the architect of record, and Christian Liaigre is responsible for the interiors. Completion is expected in 2017.

655 Quincy Street, rendering by Input Creative Studio

Revealed: 655 Quincy Street, Bed-Stuy

7:30 am on March 16, 2016 By Rebecca Baird-Remba

Vacant lots are quickly becoming a thing of the past in Bed-Stuy, where developers are snatching them up and building little residential projects. Today YIMBY has the reveal for a four-story rental building under construction at 655 Quincy Street, between Stuyvesant Avenue and Malcolm X Boulevard.

712 East 175th Street, image via Google Maps

More Market Rate Housing Coming to East Tremont at 712 East 175th Street

7:00 am on March 16, 2016 By Rebecca Baird-Remba

When Robert Moses built the Cross-Bronx Expressway half a century ago, he demolished dozens of large apartment buildings in East Tremont to make way for the six-lane highway. It’s taken the blocks nearby decades to recover, but they are finally seeing new life, in the form of large affordable apartment buildings and small market-rate ones. Yesterday, new building applications were filed for a six-story, market-rate apartment building at 712 East 175th Street.

New Rendering Of Four-Story, Eight-Unit Mixed-Use Project At 325 Henry Street, Cobble Hill

6:00 am on March 16, 2016 By Reid Wilson

Back in December of 2014, YIMBY reported on the Landmarks Preservation Commission approval of the four-story, eight-unit mixed-use building at 112 Atlantic Avenue, in northern Cobble Hill (within the Cobble Hill Historic District), after initial plans for the site were rejected the month before. Curbed NY now has a new rendering of the project, which is reportedly now under construction and using the address 325 Henry Street. The latest filings describe a 25,244-square-foot structure with 6,000 square feet of ground-floor retail space. The condominium units will begin on the second floor and should average a very spacious 2,169 square feet apiece. There will also be six bike storage spaces and an eight-car automated parking garage in the cellar. BKSK Architects is designing, and Avery Hall Investments and OTL Enterprises are the developers. Completion is probably expected later this year or in 2017.

Three-Story Townhouse Filed At 126 West 165th Street, Highbridge

4:00 pm on March 15, 2016 By Reid Wilson

Property owner Ramon Aquino, doing business as an anonymous Bronx-based LLC, has filed applications for a three-story, single-family townhouse at 126 West 165th Street, in Highbridge, located less than a mile north of the 161st Street-Yankee Stadium stop on the 4/B/D trains. The townhouse will measure a total 2,538 square feet and will rise on a vacant, 16-foot-wide lot. The building will rise 35 feet above street level, which means ceiling heights will be generous, and there will be a single off-street car parking spot. Reza Khamcy’s Great Neck-based Icon Engineering is the applicant of record.

13-Story, 42-Unit Condominium Conversion Refinanced At 275 West 10th Street, West Village

3:00 pm on March 15, 2016 By Reid Wilson

Back in June of 2014, Starwood Capital Group and Naftali Group filed applications to convert the 13-story, 145-unit rental building at 275 West 10th Street, in the West Village, into 38 condominium units. Now, the developers have secured a $65.9 million loan for the project, dubbed the Shephard, according to The Real Deal. The property sits within the Greenwich Village Historic District Extension, so any exterior alterations to the structure would have to be approved by the Landmarks Preservation Commission. As filed, the building will see its residential space reduced from 139,547 to 136,948 square feet. The condominium units will average a very spacious 3,604 square feet apiece, some of which include penthouse and duplex units. Amenities include a library, a spa, a recreation room, and a fitness center. Beyer Blinder Belle is the design architect and Gachot Studios is the interior designer. The conversion is expected to be complete in 2017.

Four-Story, Nine-Unit Residential Building Filed At 41 Garnet Street, Carroll Gardens

1:00 pm on March 15, 2016 By Reid Wilson

William Schneider, doing business as an anonymous LLC, has filed applications for a four-story, nine-unit residential building at 41 Garnet Street, on the southern end of Carroll Gardens, located a blocks from the Smith-9th Streets stop on the F/G trains. The new building will measure 11,094 square feet in total and units will average 889 square feet apiece, which means either rentals or condos could be in the works. Ruslan Goychayev’s Brooklyn-based RSLN Architecture is the architect of record. The 40-foot-wide lot is currently occupied by a single-story garage. Demolition permits have not yet been filed.

12-Story, 49-Unit Residential Building Complete At 261 West 25th Street, Chelsea

10:00 am on March 15, 2016 By Reid Wilson

It was in November of 2014 when YIMBY last brought you a construction update on the 12-story, 49-unit residential project at 261 West 25th Street, in Chelsea, when the structure was nine stories above street level and still rising. Since then, construction has since wrapped up entirely on the 128,259-square-foot building, dubbed the Seymour, as seen in photos by Tectonic. The condominium units will average a very spacious 2,618 square feet apiece, and amenities include recreational rooms and lounges, a gym, an outdoor area, storage space, and a 25-space bicycle storage room – all in the cellar – a library on the ground floor, and an outdoor rooftop terrace. McGinley Design and Rottet Studio are responsible for the interiors, and Goldstein, Hill & West Architects is the design architect. Naftali Group is the developer and occupancy is expected imminently.

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Residential

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