Retail


247 Bedford Avenue

Construction Wrapping on Two-Story, 20,000-Square-Foot Apple Store at 247 Bedford Avenue, Williamsburg

In late 2014, Apple signed a 20,000-square-foot lease at 247 Bedford Avenue, in Williamsburg, located at the corner of North 3rd Street, four blocks from the Bedford Avenue Station on the L train. Then in April of 2015, the former two-story corner building was razed to its foundation to be rebuilt as a new two-story structure. Brownstoner now reports much of the exterior construction is complete, with work currently focused on the interior. Marin Architects P.C. is the architect of record. RedSky Capital and Waterbridge Capital acquired an assemblage of buildings on the block, including 247 Bedford Avenue, for $66 million in 2012. While Apple is setting up shop at 247 Bedford Avenue, the developers are moving forward with renovations on the adjacent two-story, 27-unit mixed-use building at 159 North 3rd Street. As for the Apple store, opening can probably be expected later this year.


The Edison, 27-21 44th Drive, Rises Past 20th Floor on Way to Final 26-Story Height, Long Island City

The Edison, a 115-unit residential tower at 27-21 44th Drive, is rising on one of the most active construction blocks in the city. The future 26-story, 277-foot-tall tower has recently passed its 20th floor. The project is being developed by Silvercup Properties, the development branch of movie and TV producer Silvercup Studios, which has been an icon of Long Island City decades before the first glass skyscrapers graced the local skyline. GF55 Partners is the architect of record. S2 Construction, LLC serves as the general contractor.

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141 Willoughby Street

ULURP Underway for 49-Story, 270-Unit Mixed-Use Tower Proposed at 141 Willoughby Street, Downtown Brooklyn

In 2014, Savanna acquired, for $28 million, the three-story commercial building at 141 Willoughby Street, in Downtown Brooklyn. Then in August of 2015, the developer submitted filings to rezone the property in order to build a 44-story, 270-unit mixed-use tower. The city’s Uniform Land Use Review Procedure (ULURP) is now underway, with the latest step resulting in Community Board 2’s Land Use Committee disapproving the rezoning, the Brooklyn Daily Eagle reports. The project itself has grown slightly since initially being filed. Proposed at the latest hearing was a 49-story, 270-unit mixed-use building. Eighty-one of the units would rent at below-market rates. The base of the building would feature two stories (plus the cellar) of retail, followed by seven stories of office space. Morris Adjmi Architects is designing. The latest step in ULURP is merely a recommendation. The proposal will now go before the entire Community Board 2. If the rezoning is granted, Savanna would also acquire from the city, for $4.8 million, a small, triangular park located to the north of the site. It has 47,718 square feet of development rights and would permanently remain as a park.


Edge-on-Hudson

Infrastructure Work Begins for 1,177-Unit Mixed-Use Mega-Development Edge-On-Hudson, Sleepy Hollow, Westchester Co.

Back in 2014, Diversified Realty Advisors and California-based SunCal closed on the purchase, for $39.5 million, of the 70-acre former General Motors factory site in Sleepy Hollow, located just north of the Tappan Zee Bridge in Westchester County. Now, the developers have held a groundbreaking ceremony for their mixed-use mega-development called Edge-on-Hudson, Westfair reports. The project will include 1,177 residential units (a mix of condos, townhouses, and rentals), a 140-key boutique hotel, 135,000 square feet of retail and restaurant space, and 30,000 square feet of office space. Some of the units will rent at below-market rates to seniors and lower-income families. Sixteen acres will be made into parkland and a riverfront promenade.

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