Last year, supermarket magnate John Catsimatidis signed a contract with another developer to sell the Hell’s Kitchen headquarters of his Gristedes grocery chain for $55 million. Now building applications have been filed to develop the property at Eleventh Avenue and West 56th Street into a 34-story condo tower.
Another parking lot in Chelsea is set to be redeveloped. Yesterday, we caught applications for a 19-story, mixed-use building at 211 West 29th Street, between Seventh and Eighth avenues.
In October of 2015, YIMBY reported on applications to expand the three-story parking garage at 75 Kenmare Street, in NoLIta, into a seven-story mixed-use building with 35 residential units. Now, Curbed NY has the latest details on the project, including the first rendering of the building, depicting the entrance. The project will measure 55,484 square feet, 8,122 square feet of which will be dedicated to ground-floor retail space. The residential units, beginning on the second floor and averaging 1,353 square feet apiece, will be condominiums, ranging from one- to four-bedroom configurations. There will also be a slew of amenities, including an 150-car underground parking garage, as reported previously. Kravitz Design is behind the interiors, while Andre Kikoski Architect is serving as the architect. The value of the project is being tagged at $127 million, and DHA Capital, AMS Acquisitions, and First Atlantic Capital are the developers. Construction is expected to begin in the coming months.
Chelsea-based development and design firm Flank has closed on the purchase of the development assemblage at 41-53 South 3rd Street and 60 South 2nd Street, in Williamsburg, located two blocks in from the East River, for $36.2 million. The assemblage consists of a mix of single-story commercial-retail properties and vacant lots, according to The Real Deal. The plot could accommodate nearly 80,000 square feet of mixed-use development if the existing buildings are demolished. The developer is currently considering building a project with residential units, although plans won’t move forward until the existing tenants finish their respective leases, which expire between 2018 and 2023.
In early 2014, applications were filed to expand (from the foundation of) the existing four-story tenement buildings at 1987-1991 Third Avenue, located on the corner of East 109th Street in East Harlem, into a nine-story, 59-unit mixed-use building. Harlem+Bespoke now has schematic drawings of the project, which also reveals its scheduled completion date – December of 2017. The expanded structure will measure 58,728 square feet and will feature 5,871 of ground-floor retail space. The residential units above should average 865 square feet apiece, which means rental apartments are likely in the works. Amenities listed in the Schedule A include bike storage, a laundry, and recreational space, all located in the cellar. Queens-based EM Architectural Design is the architect of record, and Yin Han, doing business as an anonymous LLC, is the developer. The existing structures are currently being reduced to their foundation.
