Brooklyn-based Candor Capital has filed applications for a four-story, four-unit residential building at 476 Washington Avenue, in southern Clinton Hill. The structure will measure 6,533 square feet and its full-floor residential units should average 1,250 square feet apiece, which means condominiums are in the works. The bottom unit will feature additional space in the cellar, while the top one will boast a roof deck. Boaz Golani’s Brooklyn-based Beam Group is the architect of record. The 25-foot-wide, 2,500-square-foot lot is currently occupied by a dilapidated three-story townhouse that has been neglected for over a decade. Demolition permits haven’t yet been filed. Since the site is located within the Clinton Hill Historic District, the Landmarks Preservation Commission will have to approve both the demolition of the existing structure and the design of the new one. The Clinton-Washington Avenues stop on the A/C trains is two blocks away.
Jane Street has been a hot spot for controversial projects of late. The latest was a proposal for a mega-mansion at 85-89 Jane Street. The presentation packed the house at the Landmarks Preservation Commission on Tuesday, where no decision was rendered.
Real progress is being made on the redevelopment of the South Street Seaport. Façade installation is well underway on the new Pier 17 mall.
In November, the Landmarks Preservation Commission approved the lifting and reconfiguration of the landmarked Palace Theater at 1564 Broadway. Now, thanks to EB-5 documents, we have full renderings of what the DoubleTree Hotel site surrounding it will look like once the redevelopment is finished.
Fairstead Capital has purchased the vacant seven-story, 108-key Park 79 Hotel at 117 West 79th Street, on the Upper West Side, for $22.5 million. The new owners plan to convert the 32,172-square-foot SRO building into an undisclosed number of residential apartments. It’s unclear whether the apartments will be rentals or condominiums. Park 79 Hotel closed late last year after receiving a slew of violations from the Buildings Department. Before the property was an illegal hotel, it was supposed to be a single room occupancy building for low-income tenants, Real Estate Weekly reported. The property comes with 27,780 square feet of air rights, allowing for a potential expansion. It’s also located within the Upper West Side/Central Park West Historic District, which means the Landmarks Preservation Commission must approve any exterior alterations.