Retail


51 Irving Place

Six-Story, 56-Unit Mixed-Use Rental Building to Get Renovations, 51 Irving Place, Gramercy

Springhouse Partners has acquired, for $55 million, the six-story, 56-unit mixed-use building at 51 Irving Place, located on the corner of East 17th Street in Gramercy. The 42,502-square-foot property contains about 10,000 square feet of commercial space, which is currently split between five retail units and a single office unit. The residential units above are rental apartments, most of which are market-rate. The new owners plan to conduct renovations, according to The Real Deal. Work will include upgrades to the façade and interiors, and the addition of residential amenities. The apartments will remain as rentals. The property could also accommodate a small expansion, as it contains 5,000 square feet of air rights, although such plans to build an expansion are not known. Springhouse Partners recently secured a $37 million mortgage to finance the acquisition.



10 Huron Street

39-Story, 640-Unit Mixed-Use Project Rises Above Street Level at 10 Huron Street, Greenpoint

In August of 2015, YIMBY revealed new renderings of the 39-story, 640-unit mixed-use project planned at 10 Huron Street and 19 India Street (a.k.a. 145-155 West Street), in Greenpoint, located five blocks from the Greenpoint Avenue stop on the G train. Now the tower portion, at 10 Huron, is four stories above street level, while the foundation is complete where the six-story portion will go at 19 India, as seen in photos by NyConstructionPhoto. The entire complex will encompass 716,982 square feet. Across both buildings, there will be a total of 19,324 square feet of ground-floor retail space, in addition to a 3,802-square-foot medical office. The residential units should average 894 square feet apiece, of which 128 will be rented at below-market rates through the housing lottery.


98-03 37th Avenue

Four-Building, 10-Unit Mixed-Use Development Coming to 98-03 37th Avenue, North Corona

Leroy Blake, doing business as an anonymous Queens-based LLC, has filed applications for four three-story residential buildings at 98-03 37th Avenue and 35-53 – 35-57 98th Street, in North Corona, located four blocks from the Junction Boulevard stop on the 7 train. They will vary in size, measuring between 3,240 to 3,960 square feet each. The two closest to 37th Avenue will contain ground-floor retail space and a single unit on each of the upper floors. The other two will contain three units each. Across the entire development, the full-floor apartments should average 899 square feet apiece, while the retail units should average 616 square feet apiece. Chang Hwa Tan’s Flushing-based Tan Architect is the architect of record. A two-story house on the corner must first be demolished.


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