115-06 Myrtle Avenue

Mixed-Use Assemblage Purchased at 115-06 Myrtle Avenue, Richmond Hill

10:00 am on September 9, 2016 By Reid Wilson

Forest Hills-based Platinum Realty has acquired the two-story commercial building at 115-06 Myrtle Avenue, located on the corner of 115th Street in Richmond Hill, for $3.7 million, Commercial Observer reported. The sale comes after the previous owners began marketing the site, which consists of four parcels, back in November of 2015. The site could accommodate a mixed-use project, with commercial and residential space, of up to 26,524 square feet, as-of-right. A new development could grow to 70,000 square feet if it includes affordable residential units and benefits from the inclusionary housing zoning bonus. The new owner’s plans have not been disclosed. All of the parcels are vacant or have been vacated.

255 East Houston Street

Rezoning Withdrawn for 13-Story, 63-Unit Project, 255 East Houston Street, Lower East Side

7:00 am on September 9, 2016 By Reid Wilson

Developer Samy Mahfar has withdrawn an application to rezone a stretch of East Houston Street, on the Lower East Side, which would have introduced a commercial overlay for the targeted area, allowing for commercial-retail space to be built at street level, the Lo-Down reported. That means Mahfar’s planned 13-story, 63-unit mixed-use project at 255 East Houston Street won’t have ground-floor retail space. Instead, the developer plans to move forward with an as-of-right project featuring leasable community facility space. It’s unclear if withdrawing from the city’s Uniform Land Use Review Procedure (ULURP) changes the residential portion in any way. Twenty percent of the apartments (13 units) were set to be rented at below-market rates through the affordable housing lottery. Filings at the Buildings Department haven’t been amended since plans were first filed for a 10-story, 53-unit structure. The Stephen B. Jacobs Group is the architect. Demolition has commenced on the existing four-story building.

165 Bricktown Way

Three-Story, 197,000-Square-Foot Movie Theater Project Planned at 165 Bricktown Way, Charleston, Staten Island

6:30 am on September 9, 2016 By Reid Wilson

Property owner Guido Passarelli, doing business as an anonymous Syosset, N.Y.-based LLC, has filed applications for a suburban-esque three-story, 197,333-square-foot commercial-retail building at 165 Bricktown Way, in Charleston, located along Staten Island’s West Shore. The new building will contain retail space on the ground floor, followed by a movie theater on the second floor and an upper mezzanine level. The movie theater will be equipped with a concession stand, a bar/lounge, and offices. It’s unclear how many screens the movie theater will have, or who will run it. Philadelphia-based JKRP Architects is the architect of record. The site measures a whopping 479,290 square feet and is currently vacant.