Earlier this year, YIMBY found an on-site drawing for a new development coming to 44 Kent Street, in Greenpoint. The plans were originally created for Cayuga Capital, but the firm sold the property for $8,750,000 last year to an LLC. Now, we can reveal that Pinny and Moishe Loketch of the Loketch Group are the new developers, and the design has also seen major changes, with Nataliya Donskoy’s ND Architecture and Design taking over the project.
The Port Authority has approved a multi-billion-dollar plan to replace the Port Authority Bus Terminal between 8th and 9th Avenues and West 40th and 41st Streets, in Midtown West, according to the New York Post. The project will cost between $7 and $10 billion dollars, and funding will come from the sale of air rights, residential units, and commercial spaces. A design competition is expected to be held, and a team will be chosen by September of 2016.
Over a year ago, YIMBY brought you a construction update on the 13-story, 82-rental-unit mixed-use building planned at 282 South 5th Street, in Williamsburg, when foundation work was underway. Today, the building is structurally complete and receiving the last bits of cladding, according to Brownstoner. The base will include 31,458 square feet of commercial space, in addition to 6,887 square feet of community facility space. Midwood Investment & Development is developing, Morris Adjmi is designing, and completion is expected next year.
Back in February, YIMBY reported on applications for a seven-story, 65-unit residential building at 34-22 35th Street, in southern Astoria, equidistant to subway stops on the N/Q and M/R trains. Now, Real Estate Weekly has the project’s reveal. According to the latest permits, the building will feature 1,352 square feet of ground-floor retail space, and rental units will average 665 square feet apiece. Fairfield County-based Valyrian Capital is developing, while Kutnicki Bernstein Architects is designing. The vacant property was acquired for $16 million in an off-market deal.
Hua Yueh Li, operating under an anonymous business, has filed applications for a six-story, eight-unit mixed-use building at 653 Metropolitan Avenue, in central Williamsburg. The building will measure 10,815 square feet, which includes a 2,433 square-foot retail component on the ground floor. Residential units will begin on the second floor and average 1,040 square feet. Robert Lin’s Flushing-based A&T Engineering is the applicant of record, and an existing three-story townhouse must be demolished prior to construction.