Retail

206 Kent Avenue

New Developers Acquire Site Of Planned Commercial Project at 206 Kent Avenue, Williamsburg

Two anonymous entities have acquired, for $33 million, the vacant 22,640-square-foot development site at 206 Kent Avenue, in northern Williamsburg, Commercial Observer reported. That’s the property bound by Kent and Metropolitan avenues and River and North 3rd streets, located a block in from the East River. The previous owner, Alliance Private Capital Group, was planning a 45,000-square-foot mixed-use commercial building with retail space on the ground floor and office space above. In fact, the grocery store Trader Joe’s signed a lease last year for 18,000 square feet of space across the ground and cellar levels. It hasn’t been confirmed if the new owners plan to follow through with the same project. New building applications haven’t been filed.


Seaport Landing

Four Nine-Story Mixed-Use Buildings Planned at 129 Beach 116th Street Assemblage, Rockaway Park

Brooklyn-based Marcal Group is planning to develop four mixed-use buildings – each rising nine stories in height – on an assemblage of development sites located between Beach 115th and 117th streets, in Rockaway Park. That’s a neighborhood along the Rockaways in southern Queens. Dubbed Seaport Landing, the entire project will encompass 240,000 square feet of residential space and 23,000 square feet of ground-floor retail, the Rockaway Times reported. The total number of apartments, all condominiums, wasn’t disclosed, but at least 158 of them will be sold at affordable rates to seniors. The building at 157 Beach 115th Street will contain 58 affordable units and the one at 160 Beach 117th Street will contain 100 affordable units. The two facing Beach 116th Street will be market-rate buildings. Most of the assembled properties are vacant with the exception of 129 Beach 116th Street, which is currently occupied by a single-story commercial building, acquired in 2015 for $5 million. Demolition permits haven’t yet been filed. The Rockaway Park-Beach 116th Street stop on the A train and Rockaway Park Shuttle is two blocks away.


11-Story 70-32 Queens Boulevard, at Border of Maspeth and Elmhurst, Now Stands as Area’s Tallest

Some of the most densely populated neighborhoods in Queens are nestled along its eponymous central arterial roadway, 7.2-mile-long Queens Boulevard. However, around its midsection, between Grand Avenue/Broadway to the east and Greenpoint Avenue/Roosevelt Avenue to the west, the subway temporarily veers north of the 200-foot-wide the thoroughfare. This portion is much less developed than neighborhoods on either side. Apart from a dense residential cluster in central Woodside, almost all of this stretch is decidedly anti-pedestrian and thinly developed, replete with low-slung commercial properties, such as auto shops and parking lots. The 11-story, residential Elmhurst Building, on which construction is wrapping up at 70-32 Queens Boulevard, now stands as the tallest on a two-mile stretch of the boulevard between Rego Park and Woodside. Although modestly-sized by the standards of the city skyline, the solitary stack towers like a Saguaro cactus over a desert. However, change is in the air as a wave of development is sweeping the area. Enabled by a 2006 neighborhood upzoning and fueled by an acute housing shortage, the new projects will transform the barren district into the urban neighborhood that it ought to be.

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38 West 33rd Street. Photo by nyc1 via the YIMBY Forums.q

41-Story, 223-Unit Mixed-Use Building Rising at 38 West 33rd Street, Midtown South

Construction is now two stories above street level on the 41-story, 223-unit mixed-use building under development at 38-46 West 33rd Street, in Midtown South. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user nyc1. The new building will encompass 220,724 square feet and will top out at 465-feet-tall. There will be 5,721 square feet of ground-floor retail space, followed by residential units averaging 818.6 square feet apiece, which is indicative of rental apartments. The residential amenities are listed in YIMBY’s update in January, when foundation work was underway. The Torkian Group is the developer and Stephen B. Jacobs Group is behind the architecture. Completion is expected in 2017.


810 Fulton Street

New Developer to Build 12-Story, 363-Unit Mixed-Use Building at 810 Fulton Street, Fort Greene

RXR Realty has acquired, for $28.7 million, the leasehold of the development site at 810 Fulton Street, in southern Fort Greene, from GFI Development, Crain’s reported. The previous developer’s plans for a 12-story, 363-unit mixed-use building, filed back in 2014, are what the new developer intends to construct. The city has approved an air rights transfer that will allow the project to grow from seven stories (as-of-right) to 12. The Buildings Department is still in the process of giving those plans the green light, according to the latest filings. The most recent permits indicate the structure will measure 328,047 square feet. Of that, 32,358 square feet will be ground-floor retail, followed by rental apartments on the floors above. The units should average 815 square feet apiece and 20 percent (73 units) will rent at below-market rates. GFI technically worked on the a part of the project’s foundation before the 421-a expired, which means RXR can still benefit from the tax break. Aufgang Architects is behind the design. Construction will resume in the fall, with completion expected by 2019.


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