Joint venture PH Urban Renewal, comprised of developers L+M Development Partners and Low-Income Housing Corporation, is proposing to develop a mixed-use tower at 25 Columbus Drive, in the Paulus Hook section of Jersey City. At this point, the project is expected to include up to 750 residential units, of which five percent (37 units) would be designated as affordable, the Jersey Journal reported. The tower’s base would feature a 35,000-square-foot, 200-student privately-funded public school for levels pre-K through first grade.
In February, Israeli-Russian billionaire Boris Kuzinez closed on the final piece of a three-property development site on Fifth Avenue in Midtown South for $59 million. Now, he’s filed plans for a 54-story condo building there, at 262 Fifth Avenue, on the corner of 29th Street.
In March, YIMBY reported that the Uniform Land Use Review Procedure (ULURP) kicked off for the 10-story, 220-unit mixed-use building proposed at 50-25 Barnett Avenue, in Sunnyside. Earlier this week, developer Phipps Houses withdrew their application for the project, Politico reported, which means the project has been cancelled. The ULURP process was suppose to conclude by the end of this month. Since March, it appears the developer scaled down the project to seven stories and 209 units, but that move proved unsuccessful in relieving opposition. It would have included a 4,000-square-foot pre-K school on the ground floor and between 25 to 30 percent of the units would have rented at below-market rates through the housing lottery. New plans for the site have not been revealed, but it’s zoned for up to 60,000 square feet of commercial and community facility space as-of-right.
In October of 2015, the Port Authority of New York & New Jersey (PANYNJ) approved a multi-billion-dollar redevelopment plan to build a new Port Authority Bus Terminal, located on the site of the existing one between West 40th and 42nd streets along Eighth Avenue. The design competition has since narrowed down to five finalists, Crain’s reported.
Filings for new buildings in Flatbush seem to have slowed down over the last few months, probably thanks to confusion about the defunct-but-possibly-not 421-a tax abatement. The tax break propped up market-rate development throughout the central Brooklyn neighborhood, and without it, many builders seem to be delaying construction.