42 Crosby Street [New York Times]: Atlas Capital Group has revealed a rendering for their six-story and 10-unit luxury residential building planned for the vacant northwest corner of Broome and Crosby Streets — at 42 Crosby — in SoHo. Residents of the Annabelle Selldorf-designed building will also have the option to lease an underground parking space for 99 years at $1 million. CORE has been tasked with marketing and selling the apartments.
One Vanderbilt [Crain’s New York]: SL Green — the developer behind the 67-story and 1,450-foot-high office tower dubbed One Vanderbilt, in Midtown East — has agreed to head a $210 million overhaul of Grand Central Terminal to “significantly upgrade” existing subway stations and underground access ways adjacent to the planned tower. Demolition of the existing buildings on site “will last until Q2 of 2016,” with excavation and foundation commencing starting at the end of 2017; total completion is expected in 2020.
Amityville, NY Development [Wall Street Journal]: RXR Realty “is planning to break ground this fall on its first [residential] project” — which will encompass 500 luxury residential units and 45,000 square feet of retail space, located on a 40-acre site in Amityville, in southern Long Island.
555 Hutchinson River Parkway [The Real Deal]: A deteriorating two-story hotel — located at 555 Hutchinson River Parkway, in Throgs Neck – Edgewater — has hit the market, but with no listed price; the 98,000 square-foot building “promises ‘significant development rights'” for the buyer.
326 Grand Street [Bowery Boogie]: Construction has topped out at 324-326 Grand Street — on the Lower East Side — where a seven-story and 20-unit mixed-use building now stands. A red-brick façade has been installed, and glass installation is imminent. The building will designate 3,738 square feet for commercial use, and completion is likely in the coming months.
21-01 31st Avenue [Brownstoner]: A parcel on the northeast corner of 21st Street and 31st Avenue — specifically, 21-01 31st Avenue, in Astoria — has sold for $2.6 million. The lots are currently cleared, and 16,452 square feet of buildable area exists.
118 West 76th Street [West Side Rag]: An abandoned five-story walk-up — at 118 West 76th Street, on the Upper West Side — has sold for $6.6 million, and the new owner plans to “restore it and sell [the townhouse] as a single-family mansion.” Apparently plans are “drawn up and ready to go,” and construction is imminent.
50 Clinton Street [Bowery Boogie]: ICON Realty Management has sold their development site spanning 50-62 Clinton Street — on the Lower East Side — for $28.95 million. The team had already filed for a seven-story and 37-unit mixed-use building earlier this year. Plans for development will proceed, and closing “is set for November.”
242 Pacific Street [Brownstoner]: Renderings have been revealed for a four-story and 4,150 square-foot townhouse currently under construction at 242 Pacific Street, in Boerum Hill; John and Jill Bouratoglou are developing and designing.
189 Cooper Street [Wyckoff Heights]: Developer Boaz Gilad has filed plans for a six-story and 13-unit residential building for 189 Copper Street, in southern Bushwick; the site was purchased for $1.145 million, and a two-story wood-framed structure must first be demolished.
For any questions, comments, or feedback, email [email protected]