Manhattan

206 West 95th Street in April 2014, photo by Christopher Bride for PropertyShark

Developers Expand Assemblage At 206 West 95th Street, Upper West Side

Certes Partners and United Management Corp. have acquired the six-story building at 214-218 West 95th Street, on the Upper West Side, for $26.5 million, according to Commercial Observer. In July, YIMBY reported on filings for a 10-story, 18-unit residential building (by the same developers) to replace the six-story former SRO at 206 West 95th Street. Now, the assemblage boasts 85,000 square feet of development potential, possibly in the form of an 18-story building. RKTB Architects filed for the initial permits, but Cetra Ruddy has been hired to design.


363 Lafayette Street

Developer Plans Unspecified Commercial Development At 363 Lafayette Street, NoHo

Back in January, it was reported Olmstead Properties placed their vacant development site at 363 Lafayette Street, in NoHo, on the market, and now CBSK Ironstate has leased the site for 49 years, according to the New York Post. The 5,500 square-foot site, which spans 357-371 Lafayette, boasts 32,000 square feet of development potential, and planned is an unspecified commercial development. The project is being financed by Wells Fargo.



550 Washington Street

Developer Buys Out Large Stake In 550 Washington Street, Hudson Square

In May of 2014, YIMBY brought you renderings of TEN Arquitectos’ conceptual plans for the St. Johns Terminal building at 550 Washington Street, in Hudson Square. At the time, multiple owners complicated the redevelopment of the 1.1-million square-foot structure, which has 280,000 square feet of air rights, but now Westbrook Partners has bought out Fortress Investment Group’s ownership stake for more than $200 million, according to Crain’s. Atlas Capital Group, who tried to acquire additional air rights from Pier 40 last year, will retain their minority stake. Plans include a new residential tower, which may be built ground-up or as a conversion/expansion, but city approval is required before construction can begin.


111 Washington Street

Development Site At 111 Washington Street Placed On The Market, Financial District

Late last year, Pink Stone Capital filed applications for a 51-story, 429-unit mixed-use tower with 23,000 square feet of retail space at 111 Washington Street, in the Financial District, and now the developer has tasked Cushman & Wakefield to market the site. In early 2014, YIMBY reported that the assemblage has 362,300 square feet of development rights, and according to the Daily News, Pink Stone expects to sell it for more than $170 million. Handel Architects was the architect of record for the old plans.


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