Interboro Realty Management has filed applications for a six-story, two-unit mixed-use building at 355 Grand Street on the Lower East Side. The building will measure 6,535 square feet, and will feature retail space on the ground floor and offices on the second. Two units will spread across the remaining 4,580 square feet beginning on the third floor. Shiming Tam is the architect of record, and an existing three-story townhouse must first be demolished.
Construction is well underway to restore and expand the formerly burnt-out seven-story building at 92 Morningside Avenue, in central Harlem, to 10 stories and 75 market-rate rental units. The building, three blocks away from the 125th Street stop serviced by the A, B, C and D trains, appears to be topped-out, according to Harlem+Bespoke. Renaissance Realty Group is developing. ND Architecture & Design is designing, and the project will probably be finished by 2016.
Melody Development has filed applications for a five-story, two-unit residential building at the vacant lot at 498 West 130th Street, in Manhattanville, a few blocks east of the 125th Street station for the 1 train. The building will measure nearly 3,900 square feet, with one unit occupying the ground floor and the second spanning floors two through five. Ashraf Ali, head of Architectural Design Solutions, is the applicant of record.
Last December, Thor Equities filed applications for a 71-story, nearly 353,600 square-foot mixed-use tower at 520 5th Avenue, in Midtown, and now Ceruzzi Properties has agreed to acquire the site for $325 million, according to Commercial Observer. The new owner plans to proceed with previous plans, which will feature three stories of retail, followed by 208 hotel rooms up to the 24th floor, and 145 residential units in the upper reaches of the tower.
Arthur Shapolsky is set to acquire the development assemblage consisting of 23-27 Third Avenue and 3 St. Marks Place in the East Village, across the street from Astor Place. The properties, set to trade for roughly $50 million, are currently occupied by a three-story townhouse and some retail structures. The site could accommodate a new building of 41,500 square feet, though plans have not yet been disclosed.