Commercial

160,000-Square-Foot Mixed-Use Tower Planned at One Boerum Place, Downtown Brooklyn

1:00 pm on December 2, 2016 By Reid Wilson

An investment group has acquired, for $76.5 million, Brooklyn Law School’s four-story, 40,000-square-foot office building at One Boerum Place, located on the corner of Fulton Street in Downtown Brooklyn. The group includes Avery Hall Investments, Allegra Holdings, and Aria Development Group, the Wall Street Journal reported. Although plans are not final, the development team expects to build a 160,000-square-foot mixed-use tower at the site. The project would include residential units and commercial space, possibly in the form of retail and/or offices. Demolition permits have not been filed for the 13,290-square-foot site’s current building, although groundbreaking is expected sometime next year.

Landmarks Approves Expansion of Hamilton-Holly House in the East Village

7:00 am on November 30, 2016 By Evan Bindelglass

Changes are on the way to a piece of Alexander Hamilton’s familial legacy. On Tuesday, the Landmarks Preservation Commission approved work to be done at the Hamilton-Holly House. However, the changes won’t be exactly what was proposed, particularly on the house’s rear.

Renovation Planned for 14-Story, 114,000-Square-Foot Commercial Building at 817 Broadway, Greenwich Village

6:30 am on November 28, 2016 By Reid Wilson

Taconic Investment Partners, TH Real Estate, and Squire Investments have acquired, for $109 million, the 14-story, 114,000-square-foot commercial building at 817 Broadway, located on the corner of East 12th Street in Greenwich Village. The new owners plan to let the leases of existing office and retail tenants expire so that a top-down renovation can begin, Real Estate Weekly reported. The building would get a redesigned lobby, a complete façade restoration, renovated retail and office space, and upgraded mechanical infrastructure. A construction timeline has not been disclosed. A $102 million acquisition and construction loan has already been secured.

Renovation Project Underway On 41-Story Mixed-Use Tower At 3 Park Avenue, Midtown South

3:00 pm on November 22, 2016 By Reid Wilson

The 41-story, 977,745-square-foot mixed-use tower known as 3 Park Avenue, located between East 33rd and 34th streets in Midtown South, is set to receive a $30 million renovation. The 556-foot-tall tower’s lobby will be redesigned, the exterior will be modernized, and its 25,000 square feet of retail will see renovations. Other aspects of the project include renovations to the hallways and common areas, and upgraded mechanical infrastructure, Commercial Observer reported. Pelli Clarke Pelli Architects is designing the renovation, with AREA Architects responsible for redesigning the lobby.

Reveal For Four-Story, 19,000-Square-Foot Commercial Building Planned At 286 Lenox Avenue, Harlem

6:30 am on November 21, 2016 By Reid Wilson

Last week, applications were filed for a four-story, 18,987-square-foot commercial building at 286 Lenox Avenue, located between West 124th and 125th streets in Harlem. A rendering of the project has since surfaced, courtesy of Harlem+Bespoke. Staten Island-based Gambino+LaPorta Architecture is behind the design. There plan includes retail space on the ground floor and office space on the second, third, and fourth floors. The rendering indicates Sephora, a French cosmetic company, may set up shop in the building, although nothing has been confirmed. An anonymous Midtown East-based LLC is the property owner. A two-story building must first be demolished.

Six-Story, 98,800-Square-Foot Self-Storage Facility Receives Permits at 33 Remsen Avenue, East Flatbush

1:00 pm on November 17, 2016 By Reid Wilson

An anonymous Midtown South-based LLC has recently been granted permits to build a six-story, 98,812-square-foot self-storage building at 33 Remsen Avenue, on the northern end of East Flatbush. The Buildings Department approval comes nearly two years after initial applications were filed. The new structure will contain storage units on the ground through sixth floors, in addition to two underground floors. There will be accessory office space on the ground floor. Virginia-based Butz Wilbern LTD is the applicant of record. The site was once occupied by a single-story commercial strip until that was demolished over the summer.

Proposals for 558 Broadway (left) and 94-96 Crosby Street (right)

Landmarks Approves Vertical Expansion of Commercial Building at 558 Broadway, SoHo

8:00 am on November 17, 2016 By Evan Bindelglass

A commercial building in SoHo is on its way to finding itself bigger than ever. On Tuesday, the Landmarks Preservation Commission approved restoration work and vertical additions to two-story-tall 558 Broadway.

River Park Place, rendering by Ismael Levya

High Profile Mixed-Use Site at 131-35 Roosevelt Avenue in Flushing Finds Buyer

6:00 am on November 17, 2016 By Reid Wilson

Corona-based United Construction & Development Group has entered into contract to purchase the vacant, 3.7-acre mixed-use development site at 131-35 Roosevelt Avenue, a.k.a. 39-08 Janet Place, in downtown Flushing. The sale is expected close for more than $100 million, The Real Deal reported. The site can accommodate up to 870,000 square feet of mixed-use development. In fact, plans for four 16-story towers, connected by a common base, were approved in 2008. That would include 457 residential units, 313,000 square feet of commercial space, and 7,500 square feet of community facility space. It’s unclear whether the next owner will move forward with those plans, but United has reportedly met with the Ismael Leyva Architects, who was responsible for them.

Two-Story, 49,600-Square-Foot Self-Storage Facility Planned at 1430 Bruckner Boulevard, Soundview

10:00 am on November 16, 2016 By Reid Wilson

Stock N’ Lock, doing business as SNL Storage, has filed applications for a two-story, 49,560-square-foot self-storage facility at 1430 Bruckner Boulevard, located between Bronx River and Close avenues in the East Bronx’s Soundview section. The new building will stand 29 feet in height and host 25,625 square feet of commercial space. Self-storage units will be located on the cellar, ground, and second floors. There will also be two loading berths and two off-street parking spaces. Virginia-based Butz Wilbern LTD is the applicant of record. The 25,639-square-foot lot is occupied by a few small warehouses. Demolition permits were filed in September.

Three-Story, 45,300-Square-Foot Commercial Building Planned at 1039 Coney Island Avenue, Flatbush

11:30 am on November 15, 2016 By Reid Wilson

A Brooklyn-based property owner has filed applications for a three-story, 45,262-square-foot commercial building at 1039 Coney Island Avenue, located on the corner of Foster Avenue in the Ditmas Park section of Flatbush. The project will contain a total of 28,886 square feet of commercial space. There will be six retail units on the ground floor, followed by office space on the second and third floors. A 42-car garage will be located in the cellar, in addition to eight off-street parking spaces outside. Dal H. Chun’s Lower East Side-based engineering firm is the applicant of record. The 16,376-square-foot plot is currently home to a gas station. Demolition permits haven’t been filed.

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