Construction of the 24,000-square-foot Bottega Venetta boutique store is in full swing at the intersection of Madison Avenue and East 64th Street. The retailer will occupy 740 Madison Avenue along with 23 and 25 East 64th Street. It acquired the property from the Wildenstein family of international art dealers in the fourth most expensive lease of 2014, with an estimated rent of $8 million. Sitting one block east of Central Park and a few blocks north of the Billionaires’ Row rising along 57th Street, the site is within the Upper East Side Historic District, meaning that the developer had to engage in a delicate design and approval process before starting work on the three 19th century buildings.
Last week, YIMBY brought you news that an entire Broadway theater – the Palace – will be raised up 29 feet. Well, it’s not the only theater that’s getting some work done. Two days before Thanksgiving, the Landmarks Preservation Commission also approved a renovation of the Helen Hayes Theater, located at 240 West 44th Street, between Seventh and Eighth Avenues, and an expansion of its annex. While the changes aren’t as dramatic as moving an entire theater, they will be somewhat more apparent to those walking by.
Brooklyn developer Henry Weinstein is planning to renovate and refurbish the landmarked, century-old former Bronx Borough Courthouse building at 513 East 161st Street, in Morrisania. The building is expected to reopen in 2017 with 115,000 square feet of leasable space over nine floors, according to The New York Times. No Longer Empty, an art group, is currently utilizing the building and plans to take space after the renovations.
Last week YIMBY revealed the 12-story, 68-unit residential building Greystone is planning at 225 4th Avenue, in Park Slope, and now the developer has found a tenant for the adjacent two-story Brooklyn Lyceum at 227 Fourth Avenue. According to The Wall Street Journal, Blink Fitness has leased 16,700 square feet in the landmarked building, which will undergo a restoration. The air rights over the Lyceum will be transferred to the neighboring project, and opening of the gym is slated for 2016.
Green-Wood Cemetery is planning to restore the landmarked Weir Greenhouse building at 750 5th Avenue and wants to construct a connected three-story office building for the nonprofit’s uses. Page Ayres Cowley is designing the project, and the landmarked structure was originally designed by Mercein Thomas in the 1880’s, but altered in 1895 by George Curtis Gillespie, according to Brownstoner. The LPC’s approval is required, and an adjacent two-story structure must be demolished.