Commercial

23 Wall Street

Retail Developer in Contract to Purchase Four-Story J.P. Morgan & Co. Building at 23 Wall Street, Financial District

2:00 pm on August 31, 2016 By Reid Wilson

JTRE Holdings is in contract to acquire the four-story J.P. Morgan & Co. Building at 23 Wall Street, located at the corner of Broad Street in the Financial District, for an undisclosed sum of less than $150 million, the New York Post reported. The structure, an individual landmark, has long been used as an office building, once housing the private offices of J.P Morgan himself. The 160,000-square-foot building currently sits vacant. Plans have not been disclosed for the property, although the developer specializes in retail. The Landmarks Preservation Commission must approve any exterior alterations. A 2015 proposal for a multi-function entertainment venue never came to fruition.

184 Fourth Avenue

Office Conversion Planned at Vacant Four-Story, 6,680-Square-Foot Building, 184 Fourth Avenue, Gowanus

1:00 pm on August 31, 2016 By Reid Wilson

The dilapidating and vacant four-story, 6,680-square-foot industrial building at 184 Fourth Avenue, located on the corner of Degraw Street in northern Gowanus, is set to be converted into office space, DNAinfo reported. Brooklyn-based property owner Henry Azcue is leading the conversion. The ground and cellar levels will host a single-car garage and storage space, while office space will fill the second through fourth floors. Scott Schnall’s Brooklyn-based architecture firm is the architect of record. Though work on the conversion has yet to begin, the exterior benefits from a previous clean up.

On-site rendering of 118 Fulton Street. Captured by Robert Walpole

Foundation Work Underway for 49-Story, 483-Unit Mixed-Use Tower at 118 Fulton Street, Financial District

6:30 am on August 31, 2016 By Reid Wilson

Foundation work is well underway, now that concrete has been poured, for the planned 49-story, 483-unit mixed-use tower under development at 118 Fulton Street, in the Financial District. The construction progress can be seen thanks to a photo posted to the YIMBY Forums. The new building will eventually encompass 510,928 square feet and stand 574 feet above street level, as YIMBY reported back in July, when an updated rendering was revealed. There will be 5,366 square feet of commercial-retail space across the ground and second floors. The residential units, rental apartments, should average 975 square feet apiece, and will be accompanied by a slew of amenities. Carmel Partners is the developer and SLCE Architects is the architect of record. Completion can probably be expected in 2018.

2880 Exterior Street

Five-Story, 218,500-Square-Foot Self-Storage Facility Coming to 2880 Exterior Street, Kingsbridge

10:00 am on August 30, 2016 By Reid Wilson

Storage Deluxe, doing business an an anonymous Bronx-based LLC, has filed applications for a five-story, 218,500-square-foot self-storage facility at 2880 Exterior Street, in the North Bronx’s Kingsbridge section. The project will feature a lobby and offices on part of the ground floor, followed by storage units throughout the rest of the building, which will have two below-grade levels. It will include four loading berths, as well as five off-street parking spaces. Jack Wilbern’s Virginia-based architecture firm Butz • Wilbern, which is prolific with storage facility projects, is the architect of record. The 124,988-square-foot site is largely vacant, with exception to a single-story commercial building and a warehouse. Demolition permits were filed in April for the commercial building.

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