PWR Holdings has placed the development site at 111 Montgomery Street, in western Crown Heights, on the market with an asking price in the mid-$40 million, according to Commercial Observer. The 22,000 square-foot site boasts 168,000 square feet of development rights. New building applications were filed to build a 12-story, 173-unit apartment building on the property in March.
Last month, Italian developer Est4te Four announced that they needed a partner willing to shell out at least $100 million to build a huge office project along the Red Hook waterfront. Now YIMBY’s got a new set of renderings for the development, which was recently named Red Hook Innovation Studios.
A stalled residential development at 531 Coney Island Avenue, on the border between Ditmas Park and Kensington in Brooklyn, is finally coming back to life. A tipster sent along this photo of the site at the corner of Hinckley Place, adding that the schematics were posted on the construction fence earlier this month.
Hudson Square-based NY Equity Management has filed applications for a five-story, 10-unit residential building at 684 Madison Street, in central Bedford-Stuyvesant, 10 blocks north of the Utica Avenue stop on the A and C trains. The building will measure 7,973 square feet in total, and units will average 797 square feet apiece. Flushing-based Frank Quatela is the architect of record, and a dilapidated two-story townhouse must first be demolished.
Albert Basal has filed applications for a three-story, three-unit residential building at 444 Miller Avenue, in central East New York, located three blocks from stops on the 3 and C trains. The building will measure 3,120 square feet, which means full-floor units will average a relatively spacious 1,040 square feet. Bakhtiar Shamloo’s Kew Gardens-based Tabriz Group Design is the applicant of record. The site is currently occupied by a small half-built residential project, which stalled out around 2008, and we assume the remnants will be demolished.
