William Macklowe Company is getting ready to start construction and launch sales for its 23-story condo tower at the corner of University Place and East 12th Street in the Village. YIMBY has the first renderings of the project, which will be known as 21 East 12th Street, courtesy of PR reps and a new teaser site.
The industrial area along the South Bronx waterfront is about to sprout several high-rise residential towers, but development a couple blocks inland may bring another sign of impending gentrification: new artist studios. Plans were filed last week for a three-story commercial building at 740 East 137th Street in Port Morris.
Property owners ABS Management & Development and Babad Management are now placing on the market the 3.7-acre vacant development site at 39-08 Janet Place (a.k.a 131-35 Roosevelt Avenue), in Downtown Flushing. The Real Deal reports the site currently offers 870,000 square feet of development rights. A five-tower, 450-unit mixed-use project was approved by the city before the 2008 financial crisis. It was going to be built by LEV Development Group and was designed by Ismael Leyva Architect, but it never got off the ground. Today, the plot is subject to the proposed Flushing West Rezoning, and, if established, would be located within the rezoning’s special waterfront district. That means a future development may require the construction of a waterfront promenade along Flushing Creek (although we don’t know if the rezoning means that the site would get more development rights). The site doesn’t have an asking price, although brokers expect the site to generate more than $120 million.
Long Island-based property owner Genara Gonzalez has filed applications for a four-story, six-unit mixed-use building at 842 Liberty Avenue, in northern East New York, located three blocks south of the Norwood Avenue stop on the J/Z trains. As proposed, the new building would measure just 3,203 square feet and include a 953 square-foot doctors office on the ground floor. The residential units would be extremely small, averaging 375 square feet apiece. But those plans could soon be replaced with a larger building, thanks to the proposed East New York rezoning. If approved, the site could accommodate a maximum of 3,600 square feet of commercial space and 5,400 square feet of residential space in the form of a four- to six-story building. Yonkers, N.Y.-based Leder-Luis Architectural Design is the architect of record. The 20-foot-wide lot is vacant.
Douglaston Development’s fourth and final tower on the Williamsburg waterfront topped out yesterday at 2 North 6th Place.