38 West 33rd Street

36-Story, 198-Unit Mixed-Use Project At 38 West 33rd Street Financed, Midtown South

10:00 am on September 11, 2015 By Reid Wilson

Over a year ago, applications were initially filed for a 36-story, 198-unit mixed-use building planned at 38-46 West 33rd Street in Midtown South, and then YIMBY revealed a rendering of the project this past summer. Now, The Torkian Group has landed a $105 million construction loan for their 220,000 square-foot building, Commercial Observer reports. As previously reported, 198 residential units will spread across 160,029 square feet of residential space, with units averaging roughly 800 square feet, and ground-floor retail will measure 5,872 square feet. Stephen B. Jacobs Group is designing, and excavation work is currently underway.

134-138 Bowery in October 2014, image via Google Maps

Permits Filed: Hotel and Apartments at 138 Bowery, Little Italy

7:00 am on September 11, 2015 By Rebecca Baird-Remba

Back in 2011, the Wall Street Journal predicted the demise of the Bowery’s Lighting District, a strip of wholesale light stores beginning south of Delancey Street in the borderlands between the Lower East Side and Little Italy. Now three of those shops will bite the dust to make way for an eight-story residential and hotel project at 138 Bowery, situated mid-block between Broome and Grand Streets.

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363-365 Bond Street

Atlantic Realty To Finish 12-Story, 268-Unit Building At 363 Bond Street, Gowanus

6:30 am on September 11, 2015 By Reid Wilson

Last month, YIMBY brought you a construction update on the Lightstone Group’s 12-story, 700-unit residential project at 363-365 Bond Street, in Gowanus. Since then, the 429-unit building at 365 Bond has topped out, and foundation work is now underway at 363 Bond, where a 268-unit building is planned. New Jersey-based Atlantic Realty has stepped in to finish construction at the latter site, acquiring the property for $75 million. As for 365 Bond, move-ins are expected early next year, per The Real Deal.