Retail

Three-Story, Two-Unit Mixed-Use Project Coming To 315 York Avenue, New Brighton, Staten Island

3:00 pm on March 23, 2016 By Reid Wilson

Staten Island-based property owner Dominick Grasso has filed applications for a three-story, two-unit mixed-use building at 315 York Avenue, in New Brighton, located on Staten Island’s north shore. The new building will measure 2,772 square feet in total and will include a 924-square-foot retail unit on the ground floor. The second and third floors will include full-floor residential units averaging 924 square feet apiece. Family-sized rental apartments are probably in the works. Staten Island-based Ryan & Vaccaro is the architect of record. The 30-foot-wide lot is currently vacant.

Eight-Story Mixed-Use Apartment Building Planned At 1780 Sheepshead Bay Road, Sheepshead Bay

2:00 pm on March 23, 2016 By Reid Wilson

Back in November, YIMBY reported on applications for a six-story, 19-unit mixed-use building at 1780 Sheepshead Bay Road, in southern Sheepshead Bay, located four blocks from the Sheepshead Bay stop on the B/Q trains. Now, it appears those plans have been replaced with plans for a larger building, Sheepshead Bites reports. Starealty.Estate acquired the development assemblage at 1780-1784 Sheepshead Bay Road for $3.66 million last February, and now an eight-story mixed-use building is being planned. It’s expected to include commercial-retail and a community facility on the ground and second floors. Rental apartments will fill the upper six floors and the project will feature a 30-car parking garage. The corner lot is currently vacant, although two three-story buildings were filed for demolition earlier this month and are expected to be razed in the next few weeks. Construction is scheduled to begin by the summer.

Residential Development Site At 1179-1183 Second Avenue Purchased, Upper East Side

1:00 pm on March 22, 2016 By Reid Wilson

S.W. Management has acquired the vacant development site spanning 1179-1183 Second Avenue and 249-251 East 62nd Street, on the Upper East Side, for $64.3 million. According to Crain’s, the property lot at the corner of Second Avenue and East 62nd Street, at 253 East 62nd Street, is not included in the acquisition, although its former five-story predecessor was demolished just last year. The site that was newly acquired can accommodate 87,650 square feet of development potential as-of-right. A future building could include ground-floor retail space and residential units above. Plans for the site have not been disclosed. Sometime between 2009 and 2011, five tenement buildings ranging between three and five stories were demolished at the site.

Deal Reached For Triangle Park Multi-Building Mixed-Use Development, Newark

11:00 am on March 22, 2016 By Reid Wilson

Early last year, the Newark City Council approved plans to build a 2.5-acre park in the city’s downtown. It would connect Prudential Center to the Ironbound’s Peter Francisco Park by bridging over Newark Penn Station, but it would also serve as the centerpiece of a multi-building mixed-use development of the surrounding vacant blocks. Last week, the city of Newark struck a deal with Edison Properties and J&L Parking Corporation to development the buildings, Newark Patch reports. Details on the new buildings are sparse, but there will be a significant number of residential units, retail space, and possible office space. Construction is expected to commence later this year and completion is tentatively set for July of 2018. The Newark Community Economic Development Corporation will head the construction of the park, being designed by MKW + Associates.

1873 Starr Street/176 Woodward Avenue, rendering by Aufgang Architects

New Developers To Build Five-Story, 130-Unit Residential Project At 1873 Starr Street, Ridgewood

11:00 am on March 21, 2016 By Reid Wilson

In October of 2015, YIMBY reported on applications for a five-story, 130-unit residential building at 1873 Starr Street, in western Ridgewood, located five blocks from the Jefferson Street stop on the L train. Now, Slate Property Group has sold the development site to Valyrian Capital and MGM Property Group for $18.5 million, according to Real Estate Weekly. The new owners plan to move forward with the approved project, which measures 141,929 square feet in total and will include 5,009 square feet of ground-floor retail space along with 3,000 square feet of community facility space. The apartment units should average 650 square feet apiece, with 45 of them to be rented at below-market rates. Amenities include a gym, a roof deck, a laundry room, and a garage for 64 bikes and 65 cars. Aufgang Architects is designing the building.

Five-Story, 57,800-Square-Foot Office Conversion Planned At 815 Broadway, Bushwick

10:00 am on March 21, 2016 By Reid Wilson

Property owner Transition Acquisitions is planning to convert the five-story, 57,800-square-foot former Globe Exchange Bank building, located at 815 Broadway in far-western Bushwick, into office space, Commercial Observer reports. The property is currently vacant and boasts 41,673 square feet of commercial space. According to the Schedule A, 15,600 square feet of retail space will span the ground floor, medical offices will be located in the cellar level, and the rest of the building will full-floor contain office spaces. Boaz Golani’s Bronx-based BMG Design Build is the architect of record. The current owner acquired the building in July of 2015 for $15.1 million and the conversion is expected to be complete in the spring of 2017.

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

BIG Plans Revealed For Two Penn Plaza Transformation

8:00 am on March 16, 2016 By Nikolai Fedak

Among the numerous hulking eyesores in New York City, Two Penn Plaza manages to make a particularly negative impact, and its placement above Penn Station helps cement the latter’s status as an architectural failure. But now we have a first look at plans to transform the structure completely, created by Bjarke Ingels Group/BIG for developer Vornado.

Landmarks Approves New Six-Story Commercial Building at 134 Wooster Street, SoHo

7:00 am on March 16, 2016 By Evan Bindelglass

It was back in December that YIMBY told you of Premiere Equities’ plans for a new commercial building at 134 Wooster Street, located between Houston and Price streets in the SoHo-Cast Iron Historic District. Those plans went before the Landmarks Preservation Commission on Tuesday and were approved with very little fuss.

New Rendering Of Four-Story, Eight-Unit Mixed-Use Project At 325 Henry Street, Cobble Hill

6:00 am on March 16, 2016 By Reid Wilson

Back in December of 2014, YIMBY reported on the Landmarks Preservation Commission approval of the four-story, eight-unit mixed-use building at 112 Atlantic Avenue, in northern Cobble Hill (within the Cobble Hill Historic District), after initial plans for the site were rejected the month before. Curbed NY now has a new rendering of the project, which is reportedly now under construction and using the address 325 Henry Street. The latest filings describe a 25,244-square-foot structure with 6,000 square feet of ground-floor retail space. The condominium units will begin on the second floor and should average a very spacious 2,169 square feet apiece. There will also be six bike storage spaces and an eight-car automated parking garage in the cellar. BKSK Architects is designing, and Avery Hall Investments and OTL Enterprises are the developers. Completion is probably expected later this year or in 2017.

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