Brief

3 Hudson Boulevard

Developers to Begin Foundation Work on 66-Story Office Tower at 3 Hudson Boulevard, Hudson Yards District

Back in May of 2015, YIMBY brought you new renderings and details of the 66-story, 1.8-million square-foot office tower planned at 3 Hudson Boulevard, located between Eleventh Avenue and Hudson Boulevard and West 34th and 35th streets, in the Hudson Yards District. Moinian Group is now starting construction on the 1,050-foot-tall tower, according to Bloomberg, without any tenants officially secured. The developer is hoping to complete financing for the $2 billion tower once it lands an anchor tenant, which they hope will happen before foundation work is completed. The tower’s leasing broker is currently in negotiations with three possible tenants, one of which could lease 1 million square feet, and two for 500,000 square feet each. The FXFOWLE Architects-designed building will also boast a pair of five-story LED screens.


139 Orchard Street

Developers Acquire Stalled 16-Story, 98-Key Hotel Project at 139 Orchard Street, Lower East Side

In 2011, D.A.B. Group defaulted on the mortgage for their 16-story, 98-key hotel project at 139 Orchard Street, located on the Lower East Side. The developer eventually lost control of the site and abandoned construction on the structure, although the building topped out before work stopped. The latest development is that Fortuna Realty Group and Elk Investors won an auction to acquire the stalled-out project for $30.75 million, The Real Deal reports. Buildings applications indicate the hotel will measure 39,064 square feet. The new owners plan to finish construction on the building as a hotel. Completion is expected sometime in 2017.


25 Kent Avenue

City Planning Commission Expected to Approve Eight-Story Office Building Planned at 25 Kent Avenue, Williamsburg

In early January, the city’s Uniform Land Use Review Procedure (ULURP) kicked off for Heritage Equity Partners’ planned eight-story, 400,000-square-foot office/manufacturing building at 25 Kent Avenue, in northern Williamsburg. Now, the City Planning Commission is expected to support rezoning the block for the project, Crain’s reports. But the approval comes at the expense of the proposed neighborhood rezoning, which would establish an “Enhanced Business District” over most of the North Williamsburg Industrial Business Zone (IBZ), allowing for the surrounding blocks to be developed similar to 25 Kent Avenue. The rezoning would grant developers a boost in allowed commercial FAR in exchange for the inclusion of light manufacturing space, identical to a normal community facility FAR bonus. City Planning is expected to approve the application later this month, at which point the City Council will vote on the project. Mayor Bill de Blasio will complete the ULURP review if he decides to sign off on City Council’s pending approval. Rubenstein Partners is partnered in the project, and Gensler and Hollwich Kushner Architecture (a.k.a HWKN) is designing.


437 Cleveland Street

Three-Story, Three-Unit Residential Building Coming to 437 Cleveland Street, East New York

Woodhaven-based Joe Mashieh has filed applications for a three-story, three-unit residential building at 437 Cleveland Street, in northern East New York, located four blocks from the Shepherd Avenue stop on the C train. The structure will measure 3,942 square feet. Each floor will host a single apartment, and the units should average a family-sized 986 square feet apiece. Suresh Manchanda’s Flushing-based L&C Associates is the applicant of record. The 25-foot-wide, 2,458-square-foot lot is currently vacant. The site benefits from the East New York Rezoning that was approved last month, and now sits within an R5B district. The site can accommodate up to 3,318 square feet of residential space, which means 361 square feet of air rights will remain if the latest plans move forward.


49 Speedwell Avenue

Twin Three-Story, Two-Family Houses Coming to 49 Speedwell Avenue, Bulls Head, Staten Island

Steven Shapiro’s Staten Island-based FAS Building Corporation has filed applications for twin three-story, two-family houses at 49-53 Speedwell Avenue, in Bulls Head, located in west-central Staten Island. From south to north, they will measure 3,868 and 3,952 square feet respectively. Across the development, the full-floor residential units should average a family-sized 1,191 square feet apiece. Each house will come with a 223-square-foot, single-car garage, in addition to two other off-street parking spaces. Staten Island-based Calvanico Associates is the architect of record. The 90-foot-wide plot, on the corner of Sideview Avenue, was occupied by a single-story home until it was demolished earlier this year.


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