YIMBY Today

22 Thames Street22 Thames Street, rendering from Fisher Brothers

22 Thames Street [New York Post]: Real Estate wonder Michael Shvo is currently in contract to buy 22 Thames Street for a whopping $180 million from developers Fisher Brothers and Steven Witkoff. Previously, Fisher and Witkoff filed for a 960-foot, 70-story residential tower designed by Rafael Vinoly, but they couldn’t turn down an offer of more than twice what they paid for the site in 2012 — a mere $87.5 million.

275 4th Avenue [Gowanus Your Face Off]: A one-story low-rise at the northeast corner of 4th Avenue and 1st Street in Gowanus is awaiting demolition to make way for a 78-unit, 11-story residential building. 275 4th Avenue will fill the underutilized lot with an ODA-designed structure, complete with ascending terraces.

187 7th Avenue [DNAinfo New York]: The decomposing building at 187 7th Avenue, at the northeast corner of 7th Avenue and 2nd Street in Park Slope, is getting an extreme makeover. Sugar Hill Capital Partners is renovating the five-story building into four, full floor units of luxury residences. On-site signage estimates the renovation should be completed by December of 2014.

1 Flatbush Avenue [New York Post]: Developers Capstone Equities and Carlyle Group “are in contract to purchase a two-parcel development site for around $35 million.” The sites — 1 and 11 Flatbush Avenue, in Fort Greene — are expected to be demolished for “a roughly 20-story, 175,000 square-foot” residential building.

50 Clinton Street [Bowery Boogie]: Businesses occupying the one-story buildings of 50-62 Clinton Street in the Lower East Side are moving out this fall to make way for a nearly 40,000 square-foot, seven-story residential mid-rise. Designed by Issac & Stern, the building will be clad in brick, with large casement windows dominating the facade.

Essex Crossing: 115 Delancey Street [Bowery Boogie]: The two-story brick structure spanning Essex Street at 115 Delancey in the Lower East Side has received demolition permits to make way for the 1.9 million square-foot development by L+M Development Partners.

308 East 2nd Street [EV Grieve]: Construction is nearing completion at the 12-story mixed-used building on the corner of East 2nd Street and Avenue D, in the East Village. 308 East 2nd Street, also known as The Adele, will anchor the heavily trafficked corner off Houston Street.

140 West 42nd Street [Commercial Observer]: The 280 room, 38-story Hilton Garden Inn — at 140 West 42nd in the Theater District — is nearing completion, as the last glass panels are in the process of being installed. In addition, GLL Real Estate Partners has paid $80 million for the hotel’s 17,000 square-foot ground-floor retail space. Deconstruction of the sidewalk shed is imminent.

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