Retail

Historical image of 346 Broadway

Loan Secured For 13-Story, 151-Unit Condo Conversion At 346 Broadway, TriBeCa

YIMBY detailed in November of 2014 the initial Landmarks Preservation Commission (LPC) hearing on the residential conversion of the former New York Life Insurance Company building at 346 Broadway (a.k.a. 108 Leonard Street), in Tribeca. The 13-story, 427,000 square-foot building is an individual and interior landmark, and is listed on the U.S. National Register of Historic Places. A month after the hearing, the LPC approved the changes that would including making the structure’s clock tower part of a penthouse and for the clock to run electronically, the WSJ reported. Last week, according to Commercial Observer, the Peebles Organization and Elad Group landed a $334 million construction loan for the project, which would convert the former office building into 151 condominium units. Additionally, a community facility and retail space will measure 7,210 and 2,200 square feet, respectively. Beyer Blinder Belle is designing the conversion.

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543 Second Avenue

Updated Renderings Of 12-Story, 18-Unit Mixed-Use Project At 543 Second Avenue, Kips Bay

In May of 2014, YIMBY reported on plans for a 12-story, 18-unit mixed-use building at 543 Second Avenue, in Kips Bay, and now Bluarch Architecture has revealed updated renderings of the project. The rental building will measure 18,877 square feet in its entirety, and will have 13,877 square feet of residential space and a 702 square-foot ground-floor retail component, according to the latest filings. Residential units would begin on the second floor and average 771 square feet apiece. Shalimar Management is developing the building, which it expects to break ground on later this year, and 5D Architecture & Engineering is serving as the architect of record.

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363-365 Bond Street

One Building Finishes, Another Rises At 700-Unit Project At 363-365 Bond Street, Gowanus

Over the summer was when YIMBY last checked in on the two-building, 700-unit development under construction at 363-365 Bond Street, in Gowanus. At the time, the Lightstone Group’s building at 365 Bond was structurally complete and getting its curtain wall, and foundation work was ongoing at 363 Bond. Today, 365 Bond is wrapping up construction and its leg of the public esplanade along the Gowanus Canal is receiving its finishing touches, Pardon Me For Asking reports. Meanwhile, since Atlantic Realty Development acquired the 363 Bond site, the building has risen four stories. 365 Bond is expected to be completed within the next few months, and 363 Bond will probably wrap up construction in 2017. Both buildings will include small retail and community facility components.

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286 Ashland Place

32-Story, 384-Unit Mixed-Use Tower Tops Out At 286 Ashland Place, Downtown Brooklyn

YIMBY last checked in on the 32-story, 384-unit mixed-use building under construction at 286 Ashland Place, in Downtown Brooklyn, in November, when it was 24-stories-tall. Two Trees’ tower has now topped out, according to Curbed, and cladding is roughly 20 percent installed. The building will have 21,928 square feet of retail and 45,148 square feet of community space within its base, and of the residential units located above, 76 will be rented at below-market rates. Construction is expected to be finsihed over the summer, and move-ins are scheduled for the fall. TEN Arquitectos is behind the design.

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110-12 101st Avenue

Four-Story, Nine-Unit Mixed-Use Building Coming To 110-12 101st Avenue, Richmond Hill

Property owner Sukhjinder Singh has filed applications for a four-story, nine-unit mixed-use building at 110-12 101st Avenue, in Richmond Hill, located two blocks north of the 111th Street stop on the A train. The 9,970 square-foot project, to rise on a 50-foot-wide vacant lot, will include a 1,006 square-foot ground-floor retail component. The residential units will begin on the second floor and average 996 square feet apiece. Affordable family-sized units are likely in the works here. Edward Hicks’ Flushing-based architecture firm is the applicant of record.

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