Ginsburg Development Companies is planning a three-story, 55-unit luxury residential building at 1177 Warburton Avenue, in northern Yonkers, a five-minute walk from the Greystone Metro North station. The developer requires approval from the Zoning Board of Appeals, and four single-family homes must first be demolished, according to Westfair Communications. Groundbreaking is expected in the Spring of 2016, with completion in 2017.
Gregory Maidman, operating under an LLC, has filed applications for a four-story, eight-unit residential building at 773 Hart Street, in northern Bushwick, three blocks from the M train’s Central Avenue stop. The building will measure 5,410 square feet in total, which means units will average 675 square feet, typical of rentals. Meltzer/Coasta Associates is the architect of record, and the existing three-story, six-unit townhouse was filed for demolition in June.
Apex Real Estate Investments recently purchased the properties spanning 257-259 3rd Avenue, in Gramercy, expanding an assemblage that now includes 253-261 3rd Avenue. Now Alfa Development is in contract to acquire the development site for $69.6 million. Condominiums are most likely planned for the site, which boasts roughly 90,000 square feet of building potential. Demolition permits were filed in 2014 for the three-story building at Nos. 253-255, although none are on file for the three- and five-story buildings at Nos. 257-261.
Last year, Chinatown-based developer Urban Muse snapped up one of the last major development sites near City Hall, 1 Beekman Street, for $52 million. Now SLCE Architects has filed plans for a 25-story residential tower on the site, also known as 33-34 Park Row.
Nelson Management Group and L+M Development Partners are conducting a top-down renovation of the 32-story, 318-unit former affordable housing tower at 150 West 225th Street, in Manhattan’s Marble Hill. The outdoor deck abutting Spuyten Duyvil Creek will receive an extensive overhaul, featuring green space and cabanas. Dubbed The Promenade, the majority of the units are currently rent stabilized, but units are allowed to be converted into market-rate rentals if vacated, according to the Daily News. Renovations should wrap by 2016.