Last summer, excavation kicked off at 438 East 12th Street, in the East Village, where a six-story, 82-unit mixed-use building is under development by Douglas Steiner. Then in December, the developer secured a $130 million construction loan for the project. The Real Deal now reports the project has received approval from the Attorney General’s office, putting the valuation of the project’s 82 units at $215 million. When completed in 2017, the 151,943 square-foot building will have 8,376 and 961 square feet of ground-floor retail and medical offices, respectively. The units above will average 1,315 square feet apiece, and will come in one- to four-bedroom layouts. The amenities, located on the ground and cellar levels, will include a pool and spa, a gym, a library, and a children’s playroom, as well as courtyard and rooftop gardens. Perkins Eastman affiliate S9 Architecture is the designing architect and Paris Forino is designing the interiors.
Extell Development has acquired the four-story, 17,000 square-foot commercial building at 530 Sixth Avenue, located on the corner of West 14th Street in Greenwich Village. According to Crain’s, the site could accommodate 126,750 square feet of residential space in the form of a new building. Zoning also allows for commercial and community space, and retail would more than likely be included in a new building. The developer acquired the property for an undisclosed amount from the Duell family, who has already sold a number of other properties around Manhattan to Extell chief Gary Barnett. Development plans have not yet been disclosed and the building’s commercial tenants remain operative for the time being.
Brooklyn-based Bawabeh Brothers has filed applications for a five-story, 11-unit mixed-use building at 1732 Hancock Street, in southern Ridgewood, located seven blocks south of the Seneca Avenue stop on the M train. The entire structure will measure 24,825 square feet in total, 12,596 square feet of which will be for a dialysis center located on the ground and second stories. On the rest of the second floor and on the upper levels, there will be a total of 11 residential units averaging 931 square feet apiece. Rego Park-based Diego Aguilera Architects is the applicant of record. The 8,009 square-foot lot is currently being used for parking.
It was in August that YIMBY last brought you a construction update on the two-tower, 974-unit mixed-use development under construction at 43-25 Hunter Street, in Long Island City. At the time, the smaller 14-story building just topped out and the larger building was a story above street level. Fast forward to today and the 50-story portion is now 27 stories in height, exceeding its halfway point, as reported by The Court Square Blog. Curtain wall installation is also well underway on both structures, and work appears to have already transitioned to the interior at the 14-story building. The entire project will encompass 921,592 square feet, although 726,305 square feet will be used as residential space. Units will average 787 square feet apiece and 20 percent of them will rent at below market-rates. In addition, 18,800 square feet of retail space will be located on the ground floor. SLCE Architects is designing and Rockrose Development Corp. is behind the project. Completion is targeted for the summer of 2017.
YIMBY has brought you continual updates on the progress of Extell’s 217 West 57th Street, a.k.a. Nordstrom Tower (officially Central Park Tower), and now we have the first photos of what the facade for the building will actually look like, as well as an update on progress. The image comes from an anonymous tipster and shows the glass that will appear over the top of the Nordstrom floors, crowning the retail podium in a series of undulating curves, and demarcating the boundary between the pedestrian realm and the supertall that will cantilever up above.