Retail

41-04 27th Street

Nine-Story, 32-Unit Mixed-Use Building Tops Out at 41-04 27th Street, Long Island City

A nine-story, 32-unit mixed-use project has topped out at 41-04 27th Street, in the Queens Plaza section of Long Island City. The structure can be seen in a photo update by The Court Square Blog. Dubbed Queens Boro Tower, the latest buildings permits indicate it encompasses 30,355 square feet. The ground floor and part of the cellar level will be occupied by 4,073 square feet of retail space. On the floors above, the residential units should average 654 square feet apiece, indicative of rental apartments. A fitness center is listed as an amenity, and renderings of the project show many of the apartments will feature balconies. Rego Park-based Great Stone Development is the developer, while Chang Hwa Tan’s Elmhurst-based Tan Architect is the architect of record. Completion can be expected in early 2017. In March, the project was just five stories above street level.


645 5th Avenue, rendering by ARC Architecture + Design

Revealed: 645 5th Avenue, Greenwood Heights

Many of the little wood frame houses along the avenues in Park Slope and Greenwood Heights might not be around much longer. They occupy generously zoned lots near public transportation, in a neighborhood where rents are rising fast. And today we have a rendering for what’s replacing two old houses at 643-645 5th Avenue in Greenwood Heights.

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1050 Sixth Avenue

Reveal for 24-Story, 62-Unit Mixed-Use Building Planned at 1050 Sixth Avenue, Midtown

A rendering has been revealed of the planned 24-story, 62-unit mixed-use building under development at 1050 Sixth Avenue, located between West 39th and 40th streets, just below Bryant Park in Midtown. The reveal comes as Skyline Developers held a groundbreaking ceremony for the project earlier this week, as reported by Real Estate Weekly. The new building will encompass 62,886 square feet. It will feature 2,710 square feet of retail space on the ground floor, and its residential units, which will be rental apartments, should average 841 square feet apiece. Amenities include storage for 32 bikes, private residential storage, laundry facilities, a fitness center, and a tenant lounge. The building’s top unit will also include a private rooftop terrace, with a number of other units boasting balconies. SoHo-based Gene Kaufman is the architect of record. Completion is expected in late 2018. YIMBY first brought you news of the project when building applications were filed in December of 2014.


42-14 Crescent Street

Construction Wrapping on 13-Story, 48-Unit Mixed-Use Building at 42-14 Crescent Street, Long Island City

Construction is wrapping up on the 13-story, 48-unit residential building under development at 42-14 Crescent Street, in the Court Square/Queens Plaza section of Long Island City. The structure’s exterior and façade elements have now been installed, as seen in a photo posted to the YIMBY Forums by JC_Heights. The building measures 44,061 square feet and its residential units, which will be rental apartments, should average 816 square feet apiece. It will also contain 740 square feet of ground-floor retail space. Amenities include private residential storage units, storage for 23 bikes, laundry facilities, a fitness center, indoor and outdoor recreational areas on the ground floor, and a rooftop deck. Meadow Partners is the developer, while John Fotiadis Architect is behind the design. It was only in February that the project topped out. Occupancy is likely within the next few months.


Water Street Rezoning

City Council Approves Rezoning Proposal Allowing Pedestrian Arcade-to-Retail Conversions Along Water Street, Financial District

Earlier this week, the City Council voted to approve a rezoning proposal that would allow landlords of the commercial properties with public pedestrian arcades along Water Street, between Fulton and Whitehall streets in the Financial District, to convert the arcades into retail space in exchange for renovating adjacent public plazas. The total amount of space that could be converted spans 110,000 square feet across 20 buildings, DNAinfo reported. The rezoning requires retail conversions of greater than 7,500 square feet to be approved through the city’s Uniform Land Use Review Procedure (ULURP). It also limits the amount of street frontage chain banks and drugstores can take up, and requires the entire height of the arcade to be built out. Future renovations to the existing public plazas in the area could include new seating and planters, among other upgrades.


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