Commercial Observer reports that owner Bahram Benaresh plans to convert the currently vacant six-story building at 175 Franklin Street, in Tribeca, into luxury residential units with ground-floor retail space. Industrial and Commercial Bank of China has refinanced a $10.3 million loan for the property, and a construction time has not been disclosed.
Curbed noticed that demolition is under way to remove the old four-story building at 117 Livingston Street, in Downtown Brooklyn, where Quinlan Development Group is planning a 21-story, 110-unit mixed-use building. Brought to you by YIMBY last…
The expansion and conversion of the 16-story building at 10 Madison Square West, in the Flatiron District, is well under way. The building will eventually stand 23 stories and contain 125 condominiums, as well as commercial retail space. YIMBY covered the project in 2013, and now, A Fine Blog predicts nearly all 125 units are likely in contract. Completion is likely expected by 2016, and Alan Wanzenberg is designing.
Grand Residences LLC has filed new applications for a planned seven-story, 133-unit residential building measuring nearly 90,300 square feet at 125 Borinquen Place, in central Williamsburg, that had originally been filed in 2013. A small retail component of a few hundred square feet is also included, and DJLU Architects is designing. The existing single-story structure was approved for demolition in 2013.
Anbau Enterprises has closed on the purchase of the five-story apartment building at 203-209 West 79th Street, on the Upper West Side, for $39 million, reports The Real Deal. The developer will go forward with approved plans for a 13-story mixed-use condominium building, and Morris Adjmi is designing. The site has 104,000 square feet of building potential, and demolition permits were recently submitted to knock down the existing building.
