Time Equities plans to convert The Venetian, a five-story, 33-unit rental building at 447 Avenue P in the southwestern corner of Midwood, into condominiums. The developer acquired the building in December of 2014 for $27 million, just two years after the project opened in 2012. The building, located a block away from the Avenue P stop on the F line, also has 8,000 square feet of ground-floor retail.
Time Equities’ 64-story, 191-condo-unit luxury tower under construction at 50 West Street, in the Financial District, is now 50 stories up, according to Curbed. Construction has progressed quickly; last November, the structure was just three stories tall, and by March, it was half of its current height. Units are now 50% sold out, and completion is slated for 2016. Helmut Jahn is designing, and the tower will also include roughly 21,100 square feet of commercial space, with retail and office condominiums spanning the first two stories.
Excavation has begun at 45-08 23rd Street, in Long Island City, where Mary Rera is planning a three-story, four-unit mixed-use building, according to The Court Square Blog. Specific square-footage breakdowns are unavailable, but the entire structure, mechanical space included, will measure 6,000 square feet. Schematics were posted on-site late last year, and Edward Hicks is the architect of record.
Mirza Rahman has filed applications for a four-story, 13-unit mixed-use building at 87-13 – 18-17 Homelawn Street, in Jamaica Hills, a block away from the 169th Street stop on the F train. The 12,300 square-foot building will include 1,680 square feet for a community facility in the cellar, and residential units will measure an average 815 square feet each. JLS Designs is the architect of record, and two existing single-family structures must first be demolished.
New renderings have surfaced of the planned 58-story, 157-unit luxury tower at 111 Murray Street, in southern Tribeca, which is being developed by Witkoff, Fisher Brothers and New Valley. The building is planned to have nearly 2,100 square feet of retail, and a 10,000 square-foot landscaped plaza, according to The New York Times.