Brief

215 Schermerhorn Street

GPB Realty Capital To Acquire Development Site At 215 Schermerhorn Street, Downtown Brooklyn

12:30 pm on August 18, 2015 By Reid Wilson

Earlier this spring, the development site at 211-215 Schermerhorn Street, in Downtown Brooklyn, was placed on the market for $30 million, and now GPB Realty Capital is in contract to purchase the property. Neither the price nor the future plans have been disclosed, although a 75,000 square-foot residential or hotel building could be built. TerraCRG brokered the property, and the lots are currently vacant, according to The Real Deal.

73-02 Woodside Avenue

Five-Story, 29-Unit Residential Building Coming To 73-02 Woodside Avenue, in Elmhurst

11:00 am on August 18, 2015 By Reid Wilson

Tim Chan, operating under an Elmhurst-based LLC, has filed applications for a five-story, 29-unit mixed-use building at 73-02 Woodside Avenue, in northern Elmhurst. Located two blocks from 74th Street/Broadway stop on the E, F, M, R and 7 trains, the 27,285 square-foot building will have a 1,928-square-foot health care facility in the basement level. Residential units above will average 875 square feet each. Flushing-based Chang Hwa Tan is the architect of record, and three buildings must first be demolished.

Red Hook Innovation Studios

Developer Seeking Investment Partner For Red Hook Innovation Studios, Office Complex In Red Hook

10:00 am on August 18, 2015 By Reid Wilson

In October 2014, YIMBY revealed renderings of a multi-block, nearly 1.2-million square-foot office complex at 68 Ferris Street, in Red Hook, and since then, the Milan, Italy-based developer Est4te Four has been assembling the properties for the development. Now, Cushman & Wakefield has been tasked to market a 49% stake in the project, according to Crain’s. The project could break ground next year and is expected to be built over five years, featuring new-construction buildings and warehouse conversions. NBBJ is designing.

470 4th Avenue

12-Story, 105-Unit Mixed-Use Building Rising At 470 Fourth Avenue, Gowanus

6:30 am on August 18, 2015 By Reid Wilson

In 2014, YIMBY brought you new renderings of the 12-story, 105-unit mixed-use building planned at 470 4th Avenue/237 11th Street, in Gowanus, and now Brownstoner reports the building is four stories above ground, and rising. Adam America, Slate Property Group and Naveh Shuster Group are developing, while Aufgang Architects is designing. The project, located a block from subway stops for the F, G and R trains, will include 5,260 square feet of retail space on the ground floor, and a 2017 completion date appears likely.

6 Water Street

29-Story, 249-Key Hotel Finally Rising At 6 Water Street, Financial District

6:00 am on August 18, 2015 By Reid Wilson

In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.

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