The South Bronx is finally seeing the first glimpses of large, market-rate development, and one hotel developer has taken the plunge by filing new building applications for a 13-story apartment building at 477 Gerard Avenue in Mott Haven, next to his under construction hotel at 500 Exterior Street.
Yan Po Zhu, the developer of a planned 12-story, 69-unit mixed-use building at 208 Delancey Street on the Lower East Side, is selling the construction site — currently four stories up in steel framing — for $35.5 million. According to Bowery Boogie, the 67,300 square-foot building is being designed by Michael Kang, and an 8,350 square-foot community facility is expected to occupy the ground floor. Construction stalled out roughly a year ago.
The planned nine-story, 108-unit Hyatt Hotel at 27-07 43rd Avenue, in Long Island City, is now one floor above street level, according to The Court Square Blog. The building will measure 49,590 square feet in total. The developer, Prakash Patel, originally planned a residential project for the site, but filed new permits in 2014 for a hotel. The building is now expected to be complete in early 2016, and Michael Kang is the architect of record.
Gouzhong Lin, doing business as 145-36 Realty LLC, has filed applications for a seven-story, 54-unit mixed-use building spanning the lots 145-34 – 145-42 34th Avenue, in Linden Hill (east of Downtown Flushing). The building will measure 47,515 square feet, which includes 9,850 square feet of medical offices on the bottom two floors.
Globiwest Hospitality has finally begun construction on its planned boutique hotel at Third Avenue and Sixth Street, where excavation kicked off last summer. The foundation and first floor were going in when YIMBY stopped by earlier this week.