Commercial

City Launches Request For Proposals For Adjacent Long Island City Mixed-Use Development Sites

11:00 am on February 26, 2016 By Reid Wilson

The New York City Economic Development Corporation (NYCEDC) has launched a Request for Proposals (RFP) for two city-owned development sites adjacent to each other, which total 4.5 acres, at 5-40 44th Drive and 4-99 44th Drive. Politico New York reports that the city is looking for developers to build “at least 300,000 square feet of commercial office or light manufacturing space, up to 1,000 apartments, a school, and a small park.” The site is currently located in a manufacturing district but would be rezoned for a mixed-use project. It currently consists of a single-story Department of Transportation facility, a surface parking lot, and a restaurant (which has a lease that expires in 2017). Proposals are due by May 26, 2016.

Seven-Story, 43,250-Square-Foot Multi-Use Commercial Project Filed At 1932 Coney Island Avenue, Midwood

11:00 am on February 24, 2016 By Reid Wilson

Property owner Alex Finkelshteyn, doing business as anonymous Brooklyn-based LLC, has filed applications for a seven-story, 43,250-square-foot multi-use commercial building at 1932 Coney Island Avenue, in Midwood, located on the corner of Avenue P. The ground floor will contain 4,920 square feet of retail space and the rest of the building will have 33,410 square feet of community facility space, which could operate in the form of medical offices or facilities, non-profit offices, educational or day-care uses, or religious organizations. The exact use is not specified in permits, but the new building will have valet parking for 38 automobiles. Robert Palermo’s Brooklyn-based Corporate Design of America is the architect of record. Demolition permits were filed this past January to remove an existing gas station.

18-Story, 130,000-Square-Foot Office Building Revealed At 414 West 15th Street, Chelsea

6:00 am on February 23, 2016 By Reid Wilson

Back in April of 2012, YIMBY reported on applications for a new 25-story hotel at 414 West 15th Street, in Chelsea, and since then the hotel plans underwent revision and were revealed in multiple posts. But the hotel never came to fruition and now the site’s developers – the Boston-based Rockpoint Group, Highgate Holdings, and its property owner, Meilman Family Real Estate – are planning an 18-story, 130,000-square-foot office building, Crain’s reports. The structure will stand 270 feet above street level, and according to the latest filings with the Department of Buildings, there will be 108,469 square feet of commercial space. It will include retail space on the ground and cellar levels, and the rest of the property will be leased as office space. Rockpoint’s adjacent expansion project at 430 West 15th Street, which was recently completed and boasts a total 85,000 square feet of office/retail space, will connect to the new building. CetraRuddy Architecture is designing the office plans. Technically, the foundation has already been poured.

Six-Story, 36,000-Square-Foot Commercial Restoration Underway At 190 Bowery, NoLIta

6:30 am on February 22, 2016 By Reid Wilson

In May of 2015, YIMBY reported that the Landmarks Preservation Commission approved RFR Realty’s planned commercial restoration of the landmarked Germania Bank Building, a six-story, 36,000-square-foot building at 190 Bowery, in NoLIta. Bowery Boogie now reports the restoration is well underway and crews have replaced the property’s windows. A new entrance is also being installed on the ground level and other alterations are now taking place. The building will eventually have a ground-floor retail space and the upper five floors will be leased as office space. Higgins Quasebarth & Partners and MdeAS Architects are behind the restoration design. Completion can probably be expected later this year.

Foundation Work Underway For Six-Story, 40-Unit Medical Office Building At 5521 Eighth Avenue, Sunset Park

2:00 pm on February 18, 2016 By Reid Wilson

In October of 2014, YIMBY revealed renderings of the planned six-story, 40-unit multi-use commercial building at 5521 Eighth Avenue, on the corner of 56th Street in Sunset Park, located seven blocks north of the N train’s stop on Eighth Avenue. The Brooklyn Daily Eagle reports foundation work is now underway on the 81,569 square-foot project, which will include 36 medical offices and four retail units. The retail space will measure 13,003 square feet in total and will span the ground floor and a mezzanine level. The medical offices will begin on the second floor and should average 1,180 square feet apiece. Flushing-based Andy Wong filed documents with the Attorney General’s office in January, which indicated the project is being valued at $76.3 million. Raymond Chan is designing and completion in 2017 seems likely.

One Penn Plaza as seen from the southwest. Photo by Evan Bindelglass.

One Penn Plaza, Two Penn Plaza To Get Major Renovations, Interconnection, Midtown

10:00 am on February 18, 2016 By Reid Wilson

Following the state’s plan to upgrade and expand Pennsylvania Station, Vornado Realty Trust has announced plans to renovate and interconnect 57-story One Penn Plaza and 29-story Two Penn Plaza, completed in 1972 and 1968 respectively, into a massive 4.2-million-square-foot office complex. The two buildings are located directly adjacent to and above Penn Station, in Midtown, between West 31st and 34th streets and Seventh and Eighth avenues. According to The Real Deal, the renovation project would improve desirability and tenant mobility and allow for new retail and amenity opportunities. Two Penn Plaza would get a new floor-to-ceiling glass façade and One Penn Plaza would receive “a more conventional upgrade.” Start and completion dates have not been disclosed, and a designer has not yet been revealed.

Four-Story Multi-Use Commercial Building Revealed At 430 Johnson Avenue, East Williamsburg

3:00 pm on February 17, 2016 By Reid Wilson

Developer Astral Weeks is planning to build a four-story, 15,143 square-foot multi-use commercial building at 430 Johnson Avenue, in East Williamsburg, located three blocks from the Morgan Avenue stop on the L train. According to Brownstoner, the new building will feature 2,822 square feet in the cellar for retail or a restaurant, ground-floor parking that can be turned into an event space, and office space on floors two through four. VAMOS Architects is behind the design. New buildings applications have not been filed with the Department of Buildings, but the 50-foot-wide lot is currently vacant. Completion is expected in the beginning of 2017.

Former Allen Street Bathroom Facility Could Be Converted To Food Concession, Lower East Side

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

The city is expecting to launch a Request for Proposals (RFP) this March to redevelop the long-vacant Allen Street pedestrian mall (public bathroom), located at Delancey Street on the Lower East Side, into a food concession facility. The Low-Down reports the city’s Parks Department is hoping a restaurant operator will lead renovation on the single-story structure, although already $2 million has been raised for the project. Other considerations for the building include community facility space, a library, a visitor’s center, or a return to the facility’s original use of bathrooms. The Lower Manhattan Development Corp. is also invested in the project.

Childs Building Renovation, Amphitheater Construction Underway At 3052 West 21st Street, Coney Island

11:00 am on February 17, 2016 By Reid Wilson

In the summer of 2015, iStar Financial and Coney Island USA received the green light to begin renovation work on the dilapidated three-story, 56,300 square-foot Childs Building, an individual landmark, at 3052 West 21st Street, on Coney Island. The building will be anchored by a restaurant but will also have community space and a rooftop terrace. An interconnected 5,000-seat amphitheater is also planned on the adjacent lot. The New York Times now reports construction is finally underway on both the Childs Building and the performance venue, and the amphitheater’s metal framework can be seen taking shape. The complex is expected to be complete later this year. The developer are leasing the land from the city through a 10-year contract.

Two-Story Expansion Filed For 464,000 Square-Foot Commercial Building At 787 Eleventh Avenue, Hell’s Kitchen

10:00 am on February 17, 2016 By Reid Wilson

Last July, Georgetown Company and Bill Ackman closed on the eight-story, 464,000 square-foot commercial building at 787 Eleventh Avenue, between West 54th and 55th streets in Hell’s Kitchen, for roughly $250 million. Now the property’s new owners have filed applications to expand the building by two stories or an additional 19,784 square feet. The roof will be raised by 60 feet (to 160 feet) and the latest filings indicate there will be 400,144 square feet of designated commercial space. The ground floor will contain retail space and automobile dealerships, floors two through five will contain automobile shops and services, and floors six through 10 will be office space. Per Curbed, Ackman’s Pershing Square Capital Management will be occupying the office space. Rafael Viñoly Architects is designing the project.

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