Brief

Site Acquired For Proton Beam Therapy Center At 225 East 126th Street, East Harlem

12:30 pm on July 17, 2015 By Reid Wilson

Last Fall, YIMBY revealed renderings of the three-story, 115,000 square-foot proton beam therapy center being developed by Memorial Sloan-Kettering Cancer Center, Montefiore Medical Center, Mount Sinai Hospital and ProHEALTH at 225 East 126th Street, in East Harlem. Now, Commercial Observer reports the site has finally traded hands for $26 million. Construction is expected to begin this Summer for a Spring 2018 completion. VOA Associates is designing.

Seven-Story, 46-Unit Mixed-Use Building Filed At 26-02 4th Street, Astoria

11:00 am on July 17, 2015 By Reid Wilson

Jewel Saeed, operating under an LLC, has filed applications for a seven-story, 46-unit mixed-use building at 26-02 4th Street, on Hallets Point, a piece of land poking out into the East River in Astoria. In the 42,340 square-foot building, the first two floors will house a healthcare facility measuring 10,435 square feet. The residential units, averaging 695 square feet, will spread across the upper five floors.

A three-story building must first be demolished. The building was formerly a factory before its residential conversion in 1995, now housing 13 units of supportive housing. Gerald Caliendo is the architect of record.

Developers To Purchase Assemblage At 8-16 Nevins & 299 Livington Streets, Downtown Brooklyn

10:00 am on July 17, 2015 By Reid Wilson

Adam America and Slate Property Group are in contract to acquire the connecting development sites spanning 8-16 Nevins Street and 299-301 Livingston Street, in Downtown Brooklyn, for more than $50 million. The assemblage reportedly boasts roughly 180,000 square feet in building potential. Demolition on the site’s existing low-rise buildings will continue once the transaction closes in the next few months.

Jeff Koons Assembles Possible Development Site At 624 West 52nd Street, Hell’s Kitchen

6:30 am on July 17, 2015 By Reid Wilson

Artist Jeff Koons has acquired the three-story commercial building at 624 West 52nd Street, near the Hudson River in Hell’s Kitchen, for $12.7 million. Koons also owns the lots at 620-622 West 52nd Street, after picking them up this past May for a total of $11 million. The assemblage boasts nearly 50,200 square feet of development potential, although plans for the properties are not known.

Planned 42-Story, 429-Unit Building At 222 East 44th Street Receives Financing, Midtown East

6:00 am on July 17, 2015 By Reid Wilson

BLDG Management Company has landed a $254 million construction loan for their planned mixed-use project spanning 212-222 East 44th Street, in Midtown East, per Commercial Observer. YIMBY reported on the project’s design competition earlier in 2015, and a 42-story, 429-unit building is planned, with 87 apartments to be set aside as lottery-allocated housing. On the ground floor, 7,160 square feet of retail space is planned.

Updated Renderings Of Hoxton Hotel At 97 Wythe Avenue, Williamsburg

4:00 pm on July 16, 2015 By Reid Wilson

Earlier this week, YIMBY revealed the planned nine-story, 175-key Hoxton Hotel at 97 Wythe Avenue, in northern Williamsburg, and now the project’s designer, Perkins Eastman, sent along updated renderings showing slight tweaks in the façade. The 59,910 square-foot building will include some form of restaurant operations on the terraced second floor and the roof. Sydell Group is developing, and the site’s former single-story structure was demolished in late 2014.

Two Five-Story Condo Buildings Planned At 5-18 51st Avenue, Long Island City

3:00 pm on July 16, 2015 By Reid Wilson

Property owner Shahram Nassi has filed applications for two five-story, three-unit residential buildings at the vacant lots of 5-18 – 5-20 51st Avenue, in Hunts Point, Long Island City. The buildings will measure nearly 5,000 square feet, which means units will probably be condos, averaging 1,665 square feet. One duplex unit will share the first floor with the lobby and then take up the entire second floor. Another will occupy the third floor, and the last duplex will span the fourth and fifth floors. Issac & Stern Architects is designing.

Three-Family Development Replacing Single-Story Home At 121-10 149th Avenue, South Ozone Park

2:00 pm on July 16, 2015 By Reid Wilson

Rajpreet Kaur has filed applications for a three-unit residential development spanning the lots of 121-10 – 121-14 149th Avenue, in South Ozone Park, northeast of JFK Airport. Consisting of two 2,250 square-foot, two-story buildings, one will function as a single-family home, while the other will be a two-family building. Manish Savani is the architect of record, and the site’s former single-story home — acquired in 2014 for $870,000 — was demolished earlier this month.

Retail & Office Hub At 78-01 Linden Boulevard Slated For Completion By 2016, Lindenwood

12:30 pm on July 16, 2015 By Reid Wilson

Bawabeh Realty Holdings is currently constructing a multi-building, 250,000 square-foot commercial hub — dubbed Linden Center — at 78-01 – 79-99 Linden Boulevard, in Lindenwood, Queens. There will be two double-story buildings and another single-story structure. The complex is currently 70% leased, with more than 18 retail leases, including a 45,000 square-foot LA Fitness. A small office portion is also planned, and completion is expected by 2016, according to The Real Deal.

Regal Cinemas At 321 Merrick Road On Track For 2017 Completion, Lynbrook

11:00 am on July 16, 2015 By Reid Wilson

After gaining the Village’s approval in May, Regal Cinemas and Blumenfeld Development Group are now awaiting approval from the Nassau County IDA before beginning construction on a 70,000 square-foot, 77-foot-tall cinema at 321 Merrick Road, in Lynbrook. The project now calls for the demolition of the existing two-story building to make-way for the new structure, which will include 13 screens and 1,660 seats, according to the Herald. Demolition is expected to begin this Fall, with completion estimated in early 2017.

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