Residential

49 Chambers Street

14-Story, 81-Unit Condo Conversion Planned At Former Office Building At 49 Chambers Street, Civic Center

In 2013, Chetrit Group acquired the 14-story, 200,000-square-foot former Emigrant Industrial Savings Bank building at 49-51 Chambers Street, in Civic Center, for $89 million with plans for a residential conversion. The office building, an individual landmark, was constructed in 1912 and designed by Raymond F. Almirall, and the Landmarks Preservation Commission would have to approve any alterations. The conversion project will include 81 condominiums, according to plans filed with the Attorney General’s office, The Real Deal reports. The units will come in one- to four-bedroom configurations and is expected to have a sellout of $334 million. Accordingt to filings, there will be 215,711 square feet of residential space, so units will average 2,663 square feet apiece. Ground-floor retail is also part of the plan. Woods Bagot is the architect of record.


801 Driggs Avenue

Townhouse Being Expanded Into Five-Story, Eight-Unit Building At 801 Driggs Avenue, Williamsburg

Since late 2014, Isreal Gold has filed applications to turn the four-story, four-unit townhouse at 801 Driggs Avenue, on the western end of Williamsburg, into a five-story, eight-unit building. The original structure was completed in 1910, and the latest plans would expand the structure horizontally in the back and vertically by one story. In the end, residential space will total 6,078 square feet, which means units will average 760 square feet, indicative of rentals. Brooklyn-based John Schimenti is the architect of record. The building is located four blocks from the Marcy Avenue stop on the J, M, and Z trains.


42-02 Fort Hamilton Parkway

Five-Building, 31-Unit Mixed-Use Development Planned At 42-02 Fort Hamilton Parkway, Borough Park

Back in 2014, a row of five four-story, four-unit residential buildings were built from 1038-1052 42nd Street, in northern Borough Park, and now five more buildings have been granted permits on the same block. Adjacent to the completed buildings, there will be three four-story, four-unit residential structures at 1054-1058 42nd Street. The residential square footage of each building varies, but will total between 5,500 and 6,000 square feet. Closer to Fort Hamilton Parkway, two seven-story mixed-use buildings are planned at 1060-1066 42nd Street. Both structures will have retail and community facility space, but one will contain nine residential units and the other will have 10 units.

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309 Lenox Road

Permits Filed: 309 Lenox Road, East Flatbush

Developers are always looking further east and south for cheap property in Brooklyn, and a combination of generous zoning and inexpensive land have encouraged several new residential projects in East Flatbush. One of those developments is set to rise at 309 Lenox Road, between Nostrand and New York Avenues.

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1770 Madison Avenue

Eight-Story, 32-Unit Mixed-Use Building Wraps Up Construction At 1770 Madison Avenue, East Harlem

In April of 2014, YIMBY revealed renderings of the eight-story, 32-unit mixed-use project at 1770 Madison Avenue, in East Harlem on the corner of East 116th Street. Later the same year, the building topped out, and today the structure is fully clad and wrapping up construction, Harlem+Bespoke reports. The building measures 47,857 square feet in its entirety, and includes 5,124 square feet of retail on the ground and cellar levels, 6,310 square feet of medial offices on the second floor, and 25,241 square feet of residential space. The units will average 789 square feet apiece, and seven of them will rent at below-market rates through the housing lottery. Low Income Marketing Group is developing and Avinash K. Malhotra Architects is the architect of record. Opening is probable within the next few weeks.


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