In June of 2015, YIMBY revealed renderings of the winning proposal that would bring two mixed-use towers to Pier 6 in Brooklyn Bridge Park, located in southern Brooklyn Heights. The project consists of a 29-story, 192-unit market-rate condominium building with 3,870 square feet of retail and a shorter, 14-story counterpart with 117 affordable and 30 market-rate rental apartments, a preschool, 930 square feet of retail, and a 1,500 square-foot community facility. Curbed NY now reports the project is on hold following relentless community opposition. The Empire State Development Corporation is not approving the project until the city can come to an agreement with the community on it. The city selected RAL Development and Oliver Realty to develop the two vacant sites, with ODA New York as the design architect. Construction was scheduled to begin this spring.
Midtown-based Bridgewater Capital has acquired the vacant 38.8-acre swath of land at 1 Nassau Place, on Staten Island’s South Shore neighborhood of Tottenville, for $30 million. According to The Real Deal, the developer plans to rezone the property, likely through the Urban Land Use Review Procedure (ULURP), to build a multi-building residential complex with roughly 220,000 square feet of big-box retail space. Under current zoning, the property could accommodate 3.5 million square feet of industrial or commercial space (in the form of office and retail). Bridgewater hopes to have a partner in the residential component, which would include senior units, and is currently negotiating with New Hyde Park-based Kimco Realty to partner in the retail portion. The site is located directly north of the Nassau station on the Staten Island Railway.
Property owner Peggy Hernandez has filed applications to renovate and expand the dilapidated, vacant tenement building at 497 3rd Street, in Park Slope, located seven blocks north of the 7th Avenue stop on the F and G trains. First reported by DNAinfo, the building would be expanded by 3,254 square feet and would grow from four to six stories. The ground floor would be converted into 455 square feet of retail space and the rest of the expanded structure would have four residential units. There would be one apartment per floor on the second through fourth floors, and a duplex unit on the top two floors. The apartments should average 1,363 square feet apiece, which means condominiums are in the works. Selim Vural’s TriBeCa-based Studio Vural is designing. The property sits outside of Park Slope’s historic districts, so the Landmarks Preservation Commission’s approval is not required.
Back in July of 2014, YIMBY brought you renderings of the proposed 14-story, 10-unit residential building at 207 West 75th Street, on the Upper West Side. The project required a special permit from the Board of Standards and Appeals, but the developer was unsuccessful in obtaining a variance and the site was eventually unloaded for $13.25 million in 2015. The new developer, Opal Holdings, has since filed applications to expand the existing two-story building into a seven-story, five-unit mixed-use one. Real Estate Weekly now reports a $14.8 million construction loan has been secured for the 20,000-square-foot project. There will be 5,000 square feet of retail on the ground and cellar levels, and full-floor apartments beginning on the second floor. The sixth and seventh floors will contain a five-bedroom duplex penthouse featuring a terrace. Jeffrey Cole Architects is designing.
In February of 2015, YIMBY revealed renderings of the two-tower, 900-unit residential development at 33 Park Avenue, in eastern Jersey City’s Liberty Harbor section. A few months after our post, Fisher Development broke ground on the first tower of the project, which includes a 44-story, 448-unit building with retail space in its base. Now, photos by Tectonic reveal that the structure is roughly 35 stories above street level and rising. Curtain wall installation has also begun on the four-story base podium. The other tower will also eventually stand 44 stories but will contain 452 residential units. Retail space in both components will total roughly 15,000 square feet. The apartment towers are being designed by Perkins Eastman and completion of the first tower is expected in 2017.