Commercial

Large Commercial Development Site At 40-70 Delong Street Purchased, Flushing

6:30 am on October 21, 2015 By Reid Wilson

Sam Chang’s Great Neck-based McSam Hotel Group has sold their development site at 40-70 Delong Street, in downtown Flushing, to Flushing Point Holdings LLC for $44.5 million, according to Commercial Observer. The property consists of two tax lots currently occupied by a two-story warehouse building, but boasts 394,930 square feet of commercial development rights or 557,549 square feet of rights with the inclusion of community facility space. Plans for the site have not been disclosed.

Three-Story Mixed-Use Commercial Building Planned At 124 North 6th Street, Williamsburg

10:00 am on October 20, 2015 By Reid Wilson

In September, YIMBY revealed renderings for an office and retail conversion of the two-story, 20,000 square-foot building at 120 North 6th Street, in north Williamsburg, and now renderings have surfaced for another similar development right across the street at 124-136 North 6th Street. At Nos. 124-136, Thor Equities is planning to expand the existing single-story building into a three-story, 20,400 square-foot retail and manufacturing property, with retail on the ground floor and manufacturing on the second and third floors. Building Studio Architects is the architect of record.

10-Story Office & Retail Conversion Now Planned At 10 Jay Street, Dumbo

3:30 pm on October 16, 2015 By Reid Wilson

Earlier this year, Glacier Global Partners received approval from the LPC to convert the 10-story former warehouse at 10 Jay Street, in Dumbo, into a 46 condominiums, but now the developer is planning a completely commercial building, with roughly 200,000 square feet of offices and retail spaces. The conversion will retain the approved exterior changes, which had been designed by ODA Architecture. CBRE is marketing the commercial spaces, according to The Real Deal.

Eight-Story, 62-Key Hotel Building Now Planned At 822 4th Avenue, Greenwood

2:00 pm on October 15, 2015 By Reid Wilson

Over a year ago, YIMBY reported on filings for a nine-story, 72-key mixed-use hotel project at 822 Fourth Avenue, in Greenwood, four blocks south of the R train’s stop on 25th Street. Yesterday, the building was resubmitted to the DOB with slight downward revisions, probably due to zoning restrictions. Sunset Park-based Signature Management Enterprises is still the developer, and the building will now rise eight stories and have 62 hotel rooms. Healthcare facilities will span 18,000 square feet across floors two through four, and Chi F. Lau is the architect of record.

335,000 Square-Foot Shopping Complex Planned At 750 Sunrise Highway, Valley Stream

12:00 pm on October 15, 2015 By Reid Wilson

Macerich Company, the owner of Green Acres Mall, in Valley Stream, recently broke ground on a two-story, 335,000 square-foot retail complex adjacent to their mall at 750 Sunrise Highway, one block east of the Queens border. According to LI Herald, the shopping center is being dubbed Green Acres Commons, and Ashley Furniture HomeStore, BJ’s Restaurant & Brewhouse, Burlington Coat Factory, Dick’s Sporting Goods, as well as other tenants, are expected to lease spaces when it opens in the fall of 2016.

21-Story, 183-Key Hotel Project Tops Out At 55 Wythe Avenue, Williamsburg

10:00 am on October 15, 2015 By Reid Wilson

YIMBY has closely followed the construction of the 21-story, 183-key hotel underway at 55 Wythe Avenue, in Williamsburg, and now Brownstoner has news of the project’s topping out. Dubbed The William Vale, Zelig Weiss and Riverside Developers are developing, and Aldo Liberis is designing. A duplex presidential suite will occupy the top two stories, and 20,000 square feet of retail and restaurant space will span the ground floor. Glass façade is now also being installed on the lower half of the structure, and opening is expected in the spring of 2016.

455 Jefferson Street, image via teaser site

Loan Acquired For Six-Story Office & Retail Conversion At 455 Jefferson Street, Bushwick

12:00 pm on October 14, 2015 By Reid Wilson

Late last month, YIMBY brought you news of the mixed-use commercial conversion of the six-story former warehouse at 455 Jefferson Street, in northern Bushwick. Now, Dallas-based Lincoln Property Company and Boston-based Alcion Ventures have secured a $51.2 million loan for the project, according to Commercial Observer. The building will have offices on every floor and retail space at street level, which will total 122,697 square feet in rentable space. Work began last month, and completion is expected next June.

Two-Story, 6,200 Square-Foot Mixed-Use Commercial Project At 4515 Avenue N, Flatlands

10:00 am on October 13, 2015 By Reid Wilson

Ralph Notaro, doing business as an anonymous LLC, has filed applications for twin two-story, 3,119 square-foot mixed-use commercial buildings at 4511-4515 Avenue N, in Flatlands, two blocks from the Flatbush Avenue corridor. Both buildings will contain 1,919 square feet of health care facilities on the ground and cellar levels, and 1,200 square feet of office space on the second floors. New Jersey-based Schneider Associates is the applicant of record, and the site’s single-story predecessor was demolished in 2008.

Properties At 285 North 6th Street & 10-27 46th Avenue Slated for Office Conversions, Williamsburg & LIC

6:00 am on October 13, 2015 By Reid Wilson

Eric Gural has acquired the five-story, 40,000 square-foot former warehouse at 285 North 6th Street, in Williamsburg, for $15.6 million, according to Crain’s. He also purchased the four-story, 70,000 square-foot former industrial building at 10-27 46th Avenue, in Long Island City, for $14.25 million. Both properties are set to undergo office conversions. Work on the Williamsburg property is expected to begin in the coming weeks, and includes a restaurant and roof deck. As for the Queens project, work will begin once the current leases expire late next year.

Single-Story, 11,500 Square-Foot Commercial Project Planned At 1217 East 233rd Street, Edenwald

10:00 am on October 7, 2015 By Reid Wilson

Rego Park-based Borough Realty Holdings has filed applications for a single-story, 11,422 square-foot commercial development at 3917-3919 Baychester Avenue and 1217-1223 East 233rd Street, in the North Bronx neighborhood of Edenwald. The project is being broken up into six small buildings, and though the type of commercial space is not specified in filings, retail or offices are likely. Iljoong Kim’s Flushing-based Choi Design is the applicant of record, and permits were filed last February to remove an existing gas station on the site.

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