Commercial

196 Fourth Avenue

Veterinary Hospital Leases Newly Renovated Two-Story Property At 194 Fourth Avenue, Gowanus

4:00 pm on March 1, 2016 By Reid Wilson

For the past few years, Brooklyn-based landlord Todd Parjonas has been converting the two-story, 12,150-square-foot manufacturing building at 196 Fourth Avenue, between Sackett and Degraw streets in Gowanus, into a commercial-retail or office property. Commercial Observer now reports the Veterinary Emergency & Referral Group, a 24-hour animal hospital, has leased the entire building for the next 15 years, taking both the ground and second floors. The tenant expects to move into the repurposed property later this year, once it builds out its office space. Michael D. Just’s Brooklyn-based Just Architecture is the architect of record.

131-34 41st Avenue

Four-Story, 7,810-Square-Foot Commercial Building Planned At 131-34 41st Avenue, Flushing

2:00 pm on February 29, 2016 By Reid Wilson

Property owner Wai Li has filed applications for a four-story, 7,810-square-foot commercial building at 131-34 41st Avenue, in Downtown Flushing, located six blocks from the Main Street stop on the 7 train. The new building will boast 7,360 square feet of commercial space and will have warehouse space on the ground floor, office space on the second and third floors, and a “caretaker apartment” on the fourth floor. Flushing-based John C. Chen Architect PLLC. is the architect of record. The project would rise on a 45-foot-wide lot which is currently occupied by a two-story auto shop business. Demolition permits have not been filed yet to knock it down.

674 Atlantic Avenue

Pacific Park Developers Consider Building Office Space At 674 Atlantic Avenue, Prospect Heights

11:00 am on February 29, 2016 By Reid Wilson

Earlier this month, the developers behind the Pacific Park mega-development in Prospect Park – a partnership between Greenland Holdings and Forest City Ratner – proposed the idea of transferring 1.1 million square feet of development rights to 590 Atlantic Avenue in order to build a massive office tower. Now, another site is under consideration for an office development, according to DNAinfo. It’s the site at the southwestern corner of Atlantic and Sixth avenues – 674 Atlantic Avenue, or 2 Sixth Avenue. A 764-unit, mixed-income residential building, with a mix of rentals and condos along with retail space, has long been approved for the site. Now the developers are seeking to transfer commercial development rights to the location so a second office building could be built. The Empire State Development Corporation would have to approve the transfer of air rights. The change in plans also requires an environmental study, and the affordable residential units that were expected at the site would be built elsewhere.

45 Broad Street

First Look At 86-Story, 245-Unit Mixed-Use Supertall Tower At 45 Broad Street, Financial District

6:30 am on February 29, 2016 By Reid Wilson

Last month, news broke that Madison Equities and Pizzarotti-IBC are planning an 86-story, 245-unit residential tower at 45 Broad Street, in the Financial District, and now The Real Deal has the first look at the 1,100-foot building. CetraRuddy is designing the project, and the renderings are being used in EB-5 materials, which means the design is likely preliminary. The developers are seeking to raise $75 million in financing through the program. The first five floors, or roughly 50,000 square feet, will be dedicated to commercial space, and the residential units will come in studio, one-, two-, and three-bedroom configurations. The project’s 20,000 square feet of amenities will include a pool, a fitness center, an outdoor garden, and lounges with entertainment areas. New building applications and a groundbreaking are expected later this year, with completion slated for 2018. AMS Acquisitions is another partner in the project.

1374 65th Street

Three-Story Multi-Use Commercial Project Coming To 1374 65th Street, Dyker Heights

2:00 pm on February 26, 2016 By Reid Wilson

Property owner Tiffany Tam, doing business as Staten Island-based Golden Stone Enterprise, has filed applications for a three-story, 6,000-square-foot multi-use commercial building at 1374 65th Street, in northern Dyker Heights, located four blocks from subway stops on the D and N trains. The ground floor of the new building will be entirely retail, the second floor will contain a children’s daycare center, and the third floor will have medical offices. Robert Palermo’s Brooklyn-based Corporate Design of America is the architect of record. The 50-foot-wide plot of land is currently occupied by a two-story brick house. Demolition permits have not yet been filed to knock it down.

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