Mixed-Use

38-Story Condominium Tower At 118 East 59th Street Revealed, Midtown East

6:00 am on May 11, 2015 By Reid Wilson

The New York Times has revealed full renderings for the planned 38-story, 29-unit condominium tower at 118 East 59th Street, in Midtown East. YIMBY brought you news of the project last fall, which the Chinese firm Euro Properties is developing. Soo K. Chan, of SCDA Architects, is designing the 70,260 square-foot structure and all the condos — starting at 1,400 square feet — will span at least one floor. Demolition of the site’s former four-story buildings is complete and construction begins in June.

HFZ Capital Closes on Purchase of 76 Eleventh Avenue at $1,100 Per Square-Foot, West Chelsea

2:00 pm on May 8, 2015 By Reid Wilson

After obtaining $1 billion in financing, HFZ Capital Group has closed on the development site at 76 11th Avenue, or 518 West 18th Street, in West Chelsea. The lot comes remediated and vacant, and it’s one of the most expensive acquisitions in New York’s history, according to The Real Deal, clocking in at $1,100 per square-foot.

Five-Story Garage Marketed As Residential Conversion at 56 North Moore Street, Tribeca

12:15 pm on May 8, 2015 By Reid Wilson

The Calicchio family is marketing the five-story, 41,000 square-foot parking garage at 56 North Moore Street, in Tribeca, as a redevelopment site for $88 million. The property comes with an additional 3,000 square feet of air rights, per The Real Deal, and the garage would probably be converted into luxury residential units. Avison Young is marketing the property.

Cape Advisors Plans Condo Development on West Broadway and Murray Street, Tribeca

10:00 am on May 8, 2015 By Reid Wilson

Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.

15-Story, 38-Unit Mixed-Use Building Planned at 1647 First Avenue, Yorkville

6:00 am on May 8, 2015 By Reid Wilson

Marin Management Corp. has filed applications at 1647-1651 1st Avenue, in Yorkville, for a 15-story, 38-unit mixed-use building measuring nearly 59,500 square feet. The retail component will take up 1,780 square feet, and DJ Associates Architect is designing. The assemblage includes three four- and five-story tenement buildings on the corner of East 86th Street, and demolition permits have not been filed yet.

Development Site at 215 Schermerhorn Street Up for Grabs, Downtown Brooklyn

12:15 pm on May 7, 2015 By Reid Wilson

Crain’s Business reports Nicholas Cammarato has placed the development site at 215 Schermerhorn Street, in Downtown Brooklyn, on the market for nearly $30 million. TerraCRG is marketing the property, which can accommodate a 140-foot-tall, 75,000 square-foot residential building or hotel. A four-story structure has already been demolished.

Four-Story Mixed-Use Development Planned at 202-210 North 10th Street, Williamsburg

11:00 am on May 7, 2015 By Reid Wilson

An LLC has filed applications for a four-story, four-unit mixed-use building measuring 13,510 square feet at 202 North 10th Street, in northern Williamsburg. The building will be an expansion of the existing single-story warehouse, but the property is also being subdivided, and at 210 North 10th Street, a separate four-story, two-unit mixed-use building will measure 6,755 square feet. In total, six residential units will be spread across 12,080 square feet, and three storefronts will split another 7,960 square feet. KMP Design and Engineering is designing.

Large Mixed-Use Development Planned For 1615 Unionport Road, Parkchester

10:00 am on May 7, 2015 By Reid Wilson

Pinnacle Group and Plymouth Group are partnering to develop a mixed-use building which will span the entire block of 1609-1623 Unionport Road, in Parkchester, and the block is currently occupied by one- and two-story commercial buildings. At least 310,000 square feet of development rights exists, and the owners are planning to demolish the entire block. No timeline has been disclosed, and no permits have been applied for, per The Real Deal.

30-Unit Residential Addition Underway at 320 West 52nd Street, Hell’s Kitchen

6:30 am on May 7, 2015 By Reid Wilson

Curbed reports that Cadence Property Group has launched a teaser site for their five-story, 30-unit building — dubbed The Sorting House — at 320 West 52nd Street, in Hell’s Kitchen. The residential expansion is currently being constructed atop the existing two-story post office building, and sales are expected to begin this summer. Architecture Outfit is designing.

SMA Equities Acquires Three Property Assemblage on 3rd Avenue in Gramercy

4:00 pm on May 5, 2015 By Reid Wilson

SMA Equities has acquired the three low-rise properties spanning 295-299 3rd Avenue, in Gramercy, which amount to 13,000 square feet of mixed-use space, for $27.8 million. Per The Real Deal, the assemblage boasts 46,000 square feet of building potential, and development plans have yet to be disclosed.

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Mixed-Use

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