Retail

Developer Assembling Site For Mixed-Use Tower At 45-01 23rd Street, Long Island City

10:00 am on October 3, 2016 By Reid Wilson

SoHo-based Tavros Capital is currently in the process of assembling a site with significant development potential on the corner of 23rd Street and 45th Avenue, in the Court Square section of Long Island City. Over the summer, the development firm purchased the townhouses at 45-03 23rd Street and 45-07 – 45-09 23rd Street for $11.25 million, and has since entered into contract on two additional properties, while waiting for two more. Plans include a mixed-use building with retail, office, and residential components, The Real Deal reported. The site can accommodate up to 167,000 square feet of mixed-use development as-of-right, though an additional 83,000 square feet of air rights could be acquired. Tavros expects the assemblage to cost between $30 and $35 million once complete.

28-Story, 150-Unit Mixed-Use Building Gets Façade At 436 Albee Square, Downtown Brooklyn

7:30 am on September 30, 2016 By Reid Wilson

Since YIMBY’s previous update in May, the 28-story, 150-unit mixed-use tower under development at 436 Albee Square, in Downtown Brooklyn, has topped out and begun façade installation. The latest photo of the project was posted to the YIMBY Forums by construction photographer Tectonic. The most recent building permits indicate the structure measures 155,100 square feet and stands 310 feet above street level. There will be 23,740 square feet of retail space across the cellar through third floors. The residential units above should average 793 square feet apiece, indicative of rental apartments. Yoel Schwimmer is the developer and ODA New York is behind the design. Completion is expected in 2017.

Rendering of 66 Hudson Boulevard. Credit: BIG/Tishman Speyer.

Tishman Speyer Moves Forward with 64-Story Hudson Yards Office Tower at 66 Hudson Boulevard

4:00 pm on September 29, 2016 By Rebecca Baird-Remba

Last year, Tishman Speyer paid two tenants $25 million to vacate a small apartment on its development site in Hudson Yards. The hefty settlement cleared the way for the commercial real estate developer to build a massive office tower at 509 West 34th Street, between 10th and 11th avenues. Now the firm has filed plans for the 64-story building, which has been named “The Spiral” and comes with a second address at 66 Hudson Boulevard.

New Rendering Revealed Of Neptune/Sixth’s Single-Story Retail Building Planned At 532 Neptune Avenue, Coney Island

2:00 pm on September 29, 2016 By Reid Wilson

An updated rendering has been revealed for the phase two retail portion of Neptune/Sixth, a multi-building, mixed-use development located at 532 Neptune Avenue and 626 Sheepshead Bay Road, in Coney Island. The first phase, now under construction, consists of a seven-story, 161,000-square-foot mixed-use commercial building. The second phase of the project will be a single-story, 90,000-square-foot retail building. CVS Pharmacy recently signed a lease for 11,300 square feet in the building and construction is set to begin later this fall.

Reveal For 14-Story, 50-Unit Mixed-Use Building Planned At 644 East 14th Street, East Village

11:00 am on September 29, 2016 By Reid Wilson

A rendering has been revealed of the 14-story, 50-unit mixed-use building planned at 644 East 14th Street, located on the corner of Avenue C in the East Village. The building will encompass 76,259 square feet and rise 162 feet above street level, Real Estate Weekly reported. There will be 8,064 square feet of retail and 21,575 square feet of community facility space located within the tower’s three-story base. The residential units above should average 677 square feet, which indicates rental apartments. The developer is Opal Holdings, which acquired the site for $23 million over the summer. Karl Fischer’s SoHo-based architecture firm is behind the design. After YIMBY reported on the project’s initial filings when they were submitted in 2014, the site’s former single-story warehouse was demolished in late 2015.

35-Story, 67-Unit Mixed-Use Tower Rises Above Street Level At 200 East 59th Street, in Midtown East

8:00 am on September 29, 2016 By Reid Wilson

Construction is now three stories above street level on the 35-story, 67-unit mixed-use tower under development at 200 East 59th Street, located on the corner of Third Avenue in Midtown East. The structure can be seen beginning to make its ascent skyward thanks to a photo posted to the YIMBY Forums. The 490-foot-tall tower will eventually encompass 109,581 square feet. Retail space, measuring 14,861 square feet, will span the cellar through second floors. The residential units, which will be condominiums, will be located on the third through 35th floors and average 1,490 square feet apiece. Macklowe Properties is the developer and CetraRuddy is behind the design. Completion is expected in late 2017.

23-Story, 120-Unit Mixed-Use Building Close To Topping Out At 56 Fulton Street, Financial District

2:00 pm on September 28, 2016 By Reid Wilson

The 23-story, 120-unit mixed-use building under development at 56 Fulton Street, in the Financial District, is now a floor away from topping out. The structure can be seen in a photo posted to the YIMBY Forums. The project will eventually encompass 128,540 square feet. It will feature 5,865 square feet of ground-floor retail space, followed by 120 rental apartments. The units will range from studios to two-bedrooms, twenty percent (24 units) of which will rent through the affordable housing lottery. The Parkland Group and Socius Development Group are developing. Goldstein, Hill, & West Architects are behind the architecture. Completion is expected next year.

Renderings Revealed Of Pennsylvania Station-Farley Complex Transportation Project

7:30 am on September 28, 2016 By Reid Wilson

Earlier this year, Gov. Andrew Cuomo released a request for proposals (RFP) to upgrade, modernize, and expand Pennsylvania Station, located at Eighth Avenue and West 33rd Street under Madison Square Garden. The project will also incorporate the landmarked James A. Farley Post Office Building into the transportation complex. Now, renderings of the project have been revealed, per The New York Times, along with a timeline.

Four-Story, 32,000-Square-Foot Retail Building Filed At 12 West 48th Street, Midtown

6:30 am on September 28, 2016 By Reid Wilson

DNA Development has filed applications for a four-story, 32,349-square-foot commercial-retail building at 12 West 48th Street, in Midtown. The ground through fourth floors will exclusively contain retail space. The structure will rise 66 feet above street level, which means the ceilings should average 16.5 feet in height. West Village-based Ennead Architects is the architect of record. The amount of commercial space planned clocks in at 23,345 square feet, which is significantly less than the maximum commercial square-footage that could be built, 75,310 square feet. The 7,531-square-foot lot is currently occupied by a parking garage. Permits were filed to demolish it over the summer, as YIMBY previously reported. Completion is expected in early 2018.

Legally Graffitied Building Awaiting Demolition Painted Over By City At 86 Delancey Street, Lower East Side

4:00 pm on September 27, 2016 By Reid Wilson

Renderings were recently revealed of the 12-story, 24-unit mixed-use building planned at 86 Delancey Street, located on the corner of Orchard Street on the Lower East Side. Now, municipal workers have painted over the elaborate and legal graffiti art installed on the existing two-story commercial building, Mass Appeal reported. The currently property owner, developer David Escava, never gave the city his personal permission to paint over the building, but the previous owner did (10 years ago). The structure received demolition permits September 1. The site’s next occupant is expected to measure 29,437 square feet and will feature retail space and residential units. SWA Architecture is designing, although a completion date has not been announced.

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