HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.
One of New York City’s most magnificent public spaces will be getting some upgrades. On Tuesday, the Landmarks Preservation Commission approved changes to the atrium of the Ford Foundation Building at 320 East 43rd Street.
The Landmarks Preservation Commission, on Tuesday, issued a decision that paves the way for construction of Brooklyn’s new tallest tower, which will be located at 340 Flatbush Avenue Extension, on the same block as Junior’s.
Michael Kirchmann’s GDS Development is working to convert two SoHo buildings – five-story 25 Mercer Street and three-story 27 Mercer Street – into one condo project, dubbed 25 Mercer. Before residents move in, some of the spaces got a bit of an artistic touch.
Sometime next spring, the landmarked Bronx General Post Office, located in the borough’s Concourse Village neighborhood, will start a new life as retail, office space, and a restaurant. Interior demolition work is underway and we got a peak inside last week, with Brendan Murray, vice president at Hollister Construction Services, and he pointed out an incredibly creepy aspect of the building’s history.