IDM Capital, manager to the developer 809 Broadway Associates LLC, has received a $30 million construction loan for their 15-story, 10-unit condominium building at 809 Broadway, three blocks south of Union Square, in Greenwich Village. According to Commercial Observer, the project, an expansion of the existing five-story building, will measure 40,000 square feet, with a 5,000 square-foot retail portion spanning the ground and basement levels. ODA is designing, and completion is expected in 2017 or 2018.
Property owner Jeff Alexander and developer Summit Equities are planning to convert the six-story manufacturing building at 39 Clarkson Street, in the West Village, into nine condominiums. According to DNAinfo, three more stories will be added up top, and the cellar will be excavated to accommodate four parking spaces. A variance from the city is required for the conversion.
Celine Mo, of Roystar Investment Corp., has filed applications for a five-story, three-unit residential building at 242 West 22nd Street, in eastern Chelsea. The building will measure 7,600 square feet, and units will definitely be condominiums, averaging a spacious 2,530 square feet. James Wagman Architects is the applicant of record, and the existing four-story, four-unit townhouse passed pre-demolition inspection earlier this month.
Teddi Li’s Iron City Construction has filed applications for a nine-story, 61-key hotel at 88 Walker Street, a vacant lot in western Chinatown. The building will measure a total 23,330 square feet and includes a 2,300 square-foot community facility on the ground floor. Forest Hills-based James Cheng, of Design 101, is the architect of record.
An anonymous LLC has filed applications for an eight-story, single-family residence at 526 Canal Street, in northern Tribeca. The building will measure an impressive 12,100 square feet, stand 100 feet tall, and will replace an existing four-unit building, which has already been slated for demolition. Living quarters will start on the third floor and span through to the seventh.
According to Schedule A, the “grand hall” will take up of the first floor, and a wine cave, service kitchen and formal dining room can be found on the second level. Up top, the eighth floor will have a pool, hot tub and sun room, which will open up to outdoor space and a roof garden. DXA Studio is the architect of record, and may also be designing.