Retail

61-63 Crosby Street

Developer Plans Four-Story Office, Retail Conversion At 61-63 Crosby Street, SoHo

Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.


438 East 12th Street

New Renderings Of Six-Story, 82-Unit Mixed-Use Project Underway At 438 East 12th Street, East Village

Last summer, excavation kicked off at 438 East 12th Street, in the East Village, where a six-story, 82-unit mixed-use building is under development by Douglas Steiner. Then in December, the developer secured a $130 million construction loan for the project. The Real Deal now reports the project has received approval from the Attorney General’s office, putting the valuation of the project’s 82 units at $215 million. When completed in 2017, the 151,943 square-foot building will have 8,376 and 961 square feet of ground-floor retail and medical offices, respectively. The units above will average 1,315 square feet apiece, and will come in one- to four-bedroom layouts. The amenities, located on the ground and cellar levels, will include a pool and spa, a gym, a library, and a children’s playroom, as well as courtyard and rooftop gardens. Perkins Eastman affiliate S9 Architecture is the designing architect and Paris Forino is designing the interiors.


71 Schenectady Avenue

Single-Story, 8,700-Square-Foot Retail Building Planned At 71 Schenectady Avenue, Crown Heights

Bawabeh Brothers has filed applications for a single-story, 8,690 square-foot commercial-retail building at 71 Schenectady Avenue, in eastern Crown Heights, located four blocks from the Utica Avenue stop on the A and C trains. The 16-foot-tall structure will replace a vacant 62-foot-wide swath of land, and the leasable retail space will total 4,345 square feet. The retail tenant or tenants will also have access to storage space in the cellar. Brooklyn-based Felix Pustylnik is the applicant of record.


217 West 57th Street/Nordstrom Tower

Sneak Peak at Facade & Construction Update for 217 West 57th Street, aka Nordstrom Tower

YIMBY has brought you continual updates on the progress of Extell’s 217 West 57th Street, a.k.a. Nordstrom Tower (officially Central Park Tower), and now we have the first photos of what the facade for the building will actually look like, as well as an update on progress. The image comes from an anonymous tipster and shows the glass that will appear over the top of the Nordstrom floors, crowning the retail podium in a series of undulating curves, and demarcating the boundary between the pedestrian realm and the supertall that will cantilever up above.

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Demolition at the Market Diner. Photo by Tectonic.

Market Diner Being Demolished To Make Way For Apartments At 572 Eleventh Avenue

For decades (with a brief break), Manhattan had a diner, complete with outdoor seating and a tiny parking lot, near the edge of Midtown West/Hell’s Kitchen. Last year, we learned that the Market Diner at 572 Eleventh Avenue (at the corner of West 43rd Street) would be replaced by an apartment tower. Now, a photo from our friend Tectonic shows that demolition has begun.

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