Brief

873 Pacific Street

Four-Story, Eight-Unit Residential Building Planned at 873 Pacific Street, Prospect Heights

Joseph Cohen, doing business as an anonymous LLC, has filed applications for a four-story, eight-unit residential building at 873 Pacific Street, in Prospect Heights, located two blocks from the Clinton-Washington Avenues stop on the C train. The structure will encompass 14,403 square feet, and its residential units should average 1,241 square feet apiece, indicative of condominiums. Amenities listed in the Schedule A include private storage space, a two-car parking garage on the ground floor, and a 1,146-square-foot recreational space on the building’s penthouse level. Anthony Morena’s Chelsea-based Mortar ARCH + DEV is the architect of record. Demolition permits were filed in March to remove the 50-foot-wide site’s existing three-story townhouse.


685 Fifth Avenue

New Developer to Construct Five-Story Office Expansion Atop 20-Story Commercial Building at 685 Fifth Avenue, Midtown

Earlier this week, YIMBY reported on applications to expand, by five stories, the 20-story, 115,000-square-foot multi-use commercial building at 685 Fifth Avenue, located on the corner of East 54th Street in Midtown. It was previously reported that Michael Shvo was in contract to acquire, from property owners General Growth Properties and Thor Equities, 90,000 square feet of office space (the entire office portion). That deal has since fallen through, and now, Gulaylar Group is in contract for the office space, according to The Real Deal. As part of the deal, the new owner will also develop the five-story office expansion. The sale is expected to close later this year. The lower portion of the building is currently undergoing a retail redevelopment. Its 23,400 square feet was leased to Coach in February and will become the retailer’s flagship store.


161 Maiden Lane

New Renderings Revealed of 60-Story, 80-Unit Condo Tower at 161 Maiden Lane, Financial District

Back in September of 2015, new details were revealed of the residential tower planned at 161 Maiden Lane, in the Financial District, notably that the project would rise 60 stories, or 670 feet above street level, up from a previous 51 stories. Now, YIMBY can reveal new and up-close renderings of the glassy tower. Dubbed 1 Seaport, the project will have 80 condominium residences ranging from one- to four-bedroom configurations, averaging 1,726 square feet apiece. The 192,473-square-foot tower will be topped by two duplex penthouses. Amenities, located across three floors, will include a fitness center with yoga and training rooms, an infinity pool and spa featuring a “rain shower,” a sauna, and a “relaxation lounge.”


321 East 96th Street

Partnership Plans 1,100-Unit Mixed-Use Development At 321 East 96th Street, Upper East Side

AvalonBay Communities and the New York City Department of Education’s Educational Construction Fund (ECF) are partnering to develop a roughly 1,100-unit mixed-use complex at 321 East 96th Street, on the Upper East Side. The complex will include rental apartments, two public schools with recreational spaces, and 20,000 square feet of retail space, according to The Real Deal. The development would take up the entire block, which is bound by East 96th and 97th streets and First and Second avenues.


425 Grand Concourse

Team Selected to Build 24-Story, 241-Unit Passive Affordable Residential Tower At 425 Grand Concourse, Mott Haven

In June of 2015, YIMBY reported on the Request for Proposals (RFP) launched by the city’s Department of Housing Preservation and Development (HPD) for the development site at 425 Grand Concourse, in Mott Haven. Now, Mayor Bill de Blasio’s administration has selected a development team for the 30,000-square-foot site, located on the corner of East 144th Street, Politico New York reports. Trinity Financial and MBD Community Housing Corporation will build a 24-story, 241-unit mixed-use building. The 300,000-square-foot tower will contain only below-market rate rental apartments, in addition to a charter school, a medical facility, community space for cultural and social programs, and a supermarket. It will also be the largest Passive House project in the city. Garrison Playground, located immediately to the north, will be rehabilitated. The city is expected to finance the project, which must first journey through the city’s Urban Land Use Review Procedure (ULURP) process. ULURP is scheduled to begin in early 2017.


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