City Point Phase 3 [Commercial Observer]: “Due for completion by 2020,” Extell is in contract to develop the third phase of City Point, in Downtown Brooklyn; the final phase of the project has the largest potential, and Barnett is “undecided about whether [to develop] rentals or condominiums.”
561 Pacific Street [Crain’s New York]: The Jackson Group has acquired the Church of the Redeemer — located at 561 Pacific Street, in Boerum Hill — for $20 million; the site has “about 70,000 square feet of development rights,” although plans have yet to be disclosed.
523 St. Johns Place [Brownstoner]: Renderings have been posted for the restoration and renovation of an abandoned three-story building at 523 St. Johns Place, in Crown Heights; the building will house a community facility, and should “wrap in winter of 2015.”
1191 Boston Road [Real Estate Weekly]: NYS Medicaid Redesign Team has topped out their 12-story and “154-unit permanent supportive housing residence,” built up from a vacant lot at 1191 Boston Road, in Morrisania. Alexander Gorlin is designing, and the building will feature modern amenities.
Roxbury, NJ Development [NJ Advance Media]: Ashland — who currently owns 1,000 acres of vacant property between the Arlington Train Station and Route 46, in Roxbury — is “in the earliest conceptual stages” for developing “warehouses, [and] a residential transit village.”
60 Boerum Place [Brownstoner]: Steel framing is now up to the third floor of a planned 11-story and 75-unit mixed-use building — containing 46,428 square feet of commercial space, and totaling 185,349 square feet — at 60-78 Beorum Place, in western Beorum Hill. A&H Acquisitions is developing, SRA is designing, and completion is set for Fall 2015.
333 Schermerhorn Street [Curbed]: Excavation is well underway at 333 Schermerhorn Street — in Downtown Brooklyn — where a 44-story and 754-unit mixed-use building is set to rise; Dattner is designing, and completion is expected in 2017.
540 Vanderbilt Avenue [Brownstoner]: Permits have been filed for Pacific Park’s third residential building located at 540 Vanderbilt Avenue, in Prospect Heights; the building will span 326,047 square feet, and will rise 17 stories holding 282 units. Cook+Fox is designing, and Forest City Ratner is developing.
Fulton Street Transit Center [New York Daily News]: The MTA’s $1.4 billion transit hub — on the southeast corner of Fulton Street and Broadway, in the Financial District, and dubbed Fulton Center — is receiving final touches; technical construction should be complete by December 2014.
For any questions, comments, or feedback, email [email protected]