Cushman & Wakefield is marketing the three-story, 13,040 square-foot building at 217-219 West 21st Street, in Chelsea, between Seventh and Eighth Avenues. The property has 6,710 square feet of unused air rights, according to Commercial Observer, but a developer could also demolish the existing structure for a new building. Leases currently occupy parts of the building, but expire at the end of 2017.
Friedland Properties has landed a $182 million mortgage to finance their planned 14-story, 239-unit mixed-use building at 7 West 21st Street, a vacant, thru-block property in the Flatiron District. A number of units will be affordable, and 8,210 square feet of retail is planned on the ground floor. Morris Adjmi Architects is designing, and the project was approved by the LPC in 2013.
Helm Equities Cooper LLC has placed their single-story retail building at 85-95 Cooper Street, in Inwood, on the market for $4.25 million, according to DNAinfo. GFI Realty Services is marketing the site, which boasts 13,132 square feet of development potential, the equivalent of a seven-story building on the property.
Earlier this year, YIMBY revealed renderings for the first phase of Essex Crossing, a multi-site mixed-use project on the Lower East Side being developed by L+M Development, Taconic Investment and BFC Partners. Bowery Boogie now reports excavation has begun on the first building, located at 242 Broome Street, where a SHoP-designed 14-story, 55-unit mixed-use building is planned. Splitsville Lanes will occupy the basement, and other retail space is also expected on the ground floor.
A committee assigned to propose changes for Midtown East’s zoning is expected to submit plans with the City by June 30th, hopefully facilitating a rezoning that would be formally crafted by the Department of Planning. The rezoning may give developers a boost in FAR in return for funding transit improvements. Also, developers may be able to transfer air rights from landmarked buildings to other properties within the district as-of-right, according The Wall Street Journal.