Mixed-Use

Developer Acquires Mixed-Use Development Site at 317-319 West 35th Street, Garment District

1:00 pm on May 19, 2016 By Reid Wilson

Great Neck-based Mayflower Business Group has acquired the two five-story tenement buildings at 317-319 West 35th Street, in the Garment District section of Midtown, for $28 million. The new owner is planning to demolish the existing buildings and construct a new building, according to The Real Deal. The 4,937-square-foot site could accommodate 49,370 square feet of development rights, although Mayflower has the option to purchase an additional 10,000 square feet of air rights from the city. A residential building, a hotel, an office building, or a mixed-use project could be built at the site. Demolition permits were filed in March. Combined, the buildings contain 24 rental apartments and four commercial-retail units.

Rendering of 242 West 53rd Street. Via CetraRuddy.

Foundation Work Complete for 62-Story, 426-Unit Mixed-Use Tower at 242 West 53rd Street, Midtown

6:00 am on May 19, 2016 By Reid Wilson

YIMBY last brought you a construction update in December, when foundation work was underway, on the 62-story, 426-unit mixed-use tower planned at 242 West 53rd Street (a.k.a. 239 West 52nd Street), in Midtown between Eighth Avenue and Broadway. Since then, foundation work has largely wrapped up, as seen in photos by Vertical Gotham via the YIMBY Forums, which means construction can now proceed skyward. Residential units in the 542,276-square-foot, 675-foot-tall tower should average 1,024 square feet apiece. There will also be 16,514 square feet of ground floor retail space. Amenities will include a 90-car parking garage, storage space for 247 bikes, a fitness center, a swimming pool, a basketball court, a golf simulator, and a private entertainment area. There will also be outdoor terraces on the second, third, and 61st floors. Algin Management is the developer, while CetraRuddy is behind the design of the exteriors and interiors.

Twin Three-Story, Two-Unit Mixed-Use Buildings Planned at 2349 Coney Island Avenue, Sheepshead Bay

3:00 pm on May 18, 2016 By Reid Wilson

Brooklyn-based GY Properties has filed applications for twin three-story, two-family mixed-use buildings at 2349-2353 Coney Island Avenue, in Sheepshead Bay, located six blocks from the Avenue U stop on the Q train. From north to south, they will measure 6,439 and 6,498 square feet respectively. The ground floors in each structure will host 1,901 and 1,925 square feet of retail space. Across both buildings, the project’s four full-floor residential units should average 1,304 square feet apiece, indicative of condominiums. Danny Isla’s Long Island-based Isla Engineering Service Company is the applicant of record. The 40-foot-wide plot is currently vacant.

Seven-Story, Eight-Unit Mixed-Use Building Filed at 1010 Fulton Street, Clinton Hill

1:00 pm on May 18, 2016 By Reid Wilson

Midtown South-based Mike Shamash has filed applications for a seven-story, eight-unit mixed-use building at 1010 Fulton Street, in southern Clinton Hill, located two blocks from the Franklin Avenue stop on the C train and Franklin Avenue Shuttle. The structure will encompass 11,000 square feet, of which 1,665 square feet will be designated to ground-floor retail. Beginning on the second floor, the residential units should average 815 square feet, which means rental apartments are likely in the works. Three of the apartments will be duplexes. Long Island-based Shahriar Afshari is the applicant of record. The 20.5-foot-wide, 2,091-square-foot lot is currently vacant.

Six-Story, 56-Unit Mixed-Use Rental Building to Get Renovations, 51 Irving Place, Gramercy

1:00 pm on May 17, 2016 By Reid Wilson

Springhouse Partners has acquired, for $55 million, the six-story, 56-unit mixed-use building at 51 Irving Place, located on the corner of East 17th Street in Gramercy. The 42,502-square-foot property contains about 10,000 square feet of commercial space, which is currently split between five retail units and a single office unit. The residential units above are rental apartments, most of which are market-rate. The new owners plan to conduct renovations, according to The Real Deal. Work will include upgrades to the façade and interiors, and the addition of residential amenities. The apartments will remain as rentals. The property could also accommodate a small expansion, as it contains 5,000 square feet of air rights, although such plans to build an expansion are not known. Springhouse Partners recently secured a $37 million mortgage to finance the acquisition.

Thomas Juul-Hansen-Designed Residential Tower Proposed at 137 Centre Street, Chinatown

6:30 am on May 17, 2016 By Reid Wilson

A rendering for a new Lower Manhattan skyscraper by architect Thomas Juul-Hansen has appeared on the YIMBY Forums. The building is located on the corner of White and Centre streets, at 137 Centre Street, just to the east of TriBeCa. Juul-Hansen’s rendering would indicate the potential for a 60-story building on a 5,100-square-foot lot. The tower would be located on a site that has significant air rights within its own block, with 75,530 square feet remaining atop the landmarked Fire Engine Company No. 31 at 87 Lafayette Street, and an additional 81,940 square feet atop 139 Centre Street. If the existing nine-story municipal office building at 137 Centre is demolished, the available air rights would total 208,470 square feet. Per the EDC, “Negotiations around the 137 Centre Street RFP are ongoing, and this rendering does not accurately reflect the project under consideration. NYCEDC looks forward to announcing a developer selection in the coming months.”

39-Story, 640-Unit Mixed-Use Project Rises Above Street Level at 10 Huron Street, Greenpoint

6:00 am on May 17, 2016 By Reid Wilson

In August of 2015, YIMBY revealed new renderings of the 39-story, 640-unit mixed-use project planned at 10 Huron Street and 19 India Street (a.k.a. 145-155 West Street), in Greenpoint, located five blocks from the Greenpoint Avenue stop on the G train. Now the tower portion, at 10 Huron, is four stories above street level, while the foundation is complete where the six-story portion will go at 19 India, as seen in photos by NyConstructionPhoto. The entire complex will encompass 716,982 square feet. Across both buildings, there will be a total of 19,324 square feet of ground-floor retail space, in addition to a 3,802-square-foot medical office. The residential units should average 894 square feet apiece, of which 128 will be rented at below-market rates through the housing lottery.

Four-Building, 10-Unit Mixed-Use Development Coming to 98-03 37th Avenue, North Corona

3:00 pm on May 16, 2016 By Reid Wilson

Leroy Blake, doing business as an anonymous Queens-based LLC, has filed applications for four three-story residential buildings at 98-03 37th Avenue and 35-53 – 35-57 98th Street, in North Corona, located four blocks from the Junction Boulevard stop on the 7 train. They will vary in size, measuring between 3,240 to 3,960 square feet each. The two closest to 37th Avenue will contain ground-floor retail space and a single unit on each of the upper floors. The other two will contain three units each. Across the entire development, the full-floor apartments should average 899 square feet apiece, while the retail units should average 616 square feet apiece. Chang Hwa Tan’s Flushing-based Tan Architect is the architect of record. A two-story house on the corner must first be demolished.

Façade Installation Underway at Pacific Park’s 17-Story, 278-Unit Condo Building, 550 Vanderbilt Avenue, Prospect Heights

11:00 am on May 16, 2016 By Reid Wilson

In December of 2015, YIMBY reported on the topping out of the 17-story, 278-unit residential building underway at 550 Vanderbilt Avenue, in Prospect Heights. Now, the structure, which is one of 17 buildings within the Pacific Park mega-development, is having its façade and windows installed, Brownstoner reports. The structure encompasses 359,625 square feet. It includes a 4,731-square-foot ground-floor retail component, and its residential units, which are condominiums, should average 1,173 square feet apiece. The units will come in studio to four-bedroom configurations. Amenities include a library, a lounge with outdoor terraces, a private dining room, a fitness center, a children’s playroom, a landscaped roof deck, an interior communal garden, and an underground parking garage. A partnership between Forest City Ratner Companies and Greenland USA are developing, while COOKFOX Architects is designing. Completion is expected later this year.

New Look at 86-Story, 245-Unit Mixed-Use Supertall Tower, 45 Broad Street, Financial District

6:30 am on May 16, 2016 By Reid Wilson

Back in February, the first renderings were revealed of the planned 86-story, 245-unit mixed-use tower at 45 Broad Street, in the Financial District. The renderings originated from EB-5 materials, as the development team – Madison Equities, Pizzarotti-IBC, and AMS Acquisitions – is hoping to raise $75 million in financing through the program. Now, another rendering of the CetraRuddy-designed project has surfaced via YIMBY Forums, which depicts the tower when viewed from the north (looking southward down Broad Street). New buildings applications haven’t been filed yet, but the 1,100-foot-tall tower will encompass approximately 298,000 square feet. The first five floors should host 50,000 square feet of commercial space, while the apartments above should come in studio to three-bedroom layouts. There will also be 20,000 square feet of amenities. Groundbreaking is expected later this year, and completion is ambitiously scheduled for 2018.

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Mixed-Use

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