Mixed-Use

Flank Purchases Mixed-Use Development Assemblage at 314-326 Wythe Avenue, Williamsburg

10:00 am on April 12, 2016 By Reid Wilson

Last week, Chelsea-based developer and design firm Flank acquired the development assemblage at 41-53 South 3rd Street, in Williamsburg, and now the firm is purchasing another assemblage of properties two blocks to the north. Frank is paying $21.6 million for the two-story building at 70 Grand Street, the corner lot at 72 Grand Street, and the single- and two-story buildings at 314-326 Wythe Avenue, according to the Wall Street Journal. The property assemblage could accommodate 26,904 square feet of new development if the current structures are demolished. Current plans call for the renovation of some of the buildings, in addition to the construction of new ones (which means something is likely to be demolished). The program will include residential units, office space, and retail.

Three-Story, Eight-Unit Mixed-Use Building Planned at 841A Morris Park Avenue, Van Nest

6:00 am on April 12, 2016 By Reid Wilson

Bronx-based property owner Nissan Cohen has filed applications for a three-story, eight-unit mixed-use building at 841A Morris Park Avenue, in Van Nest, located eight blocks from the Bronx Park East stop on the 2/5 trains. The structure will encompass 10,130 square feet and will feature 1,336 square feet of ground-floor retail space, in addition to a 389 square-foot doctors office, also located on the ground floor. The residential units will be located on the second and third floors and will average a rental-sized 714 square feet apiece. Jamaica-based Gerald Caliendo is the architect of record. The 51-foot-wide, 4,914-square-foot lot is currently vacant.

Six-Story, 70-Unit Residential Conversion Continues at 160 Imlay Street, Red Hook

2:00 pm on April 11, 2016 By Reid Wilson

In September of 2014, renderings were revealed of the six-story, 70-unit residential conversion of the warehouse at 160 Imlay Street, in Red Hook. Construction has been underway since 2014 on the 224,809-square-foot structure, and now the Daily Brooklyn Eagle has the latest update on the progress. The 70-foot-tall structure has yet to receive its windows, but it appears installation may be imminent. The condos should average a spacious 2,648 square feet apiece, and will come in one-, two-, and three-bedroom layouts. Roughly 39,500 square feet of commercial space will be located on the ground and second floors, along with amenities like bike storage, private storage space, a fitness center, and a small parking garage. Est4te Four is the developer, AA Studio is the design architect, and Jeffrey Cole Architects is the architect of record. Completion is expected in the spring of 2017.

Reveal for Eight-Story, 67-Unit Apartment-Hotel at 138-142 Bowery, Little Italy

6:30 am on April 11, 2016 By Reid Wilson

Back in September of 2015, YIMBY reported on applications for an eight-story, 67-unit apartment-hotel at 138-142 Bowery, in Little Italy. Now, Bowery Boogie has revealed renderings of the project and has reported that demolition of the site’s existing two- and three-story structures has been completed. The new building will encompass 53,088 square feet, and will host 46 hotel rooms and 21 residential units. There will be commercial-retail space on the cellar, ground, and mezzanine levels, so it’s difficult to estimate the size of the hotel rooms. The apartments will span the sixth through eights floors and should average a rental-sized 658 square feet apiece. Emmut Properties is the developer and New Jersey-based Schneider Associates is serving as the applicant of record. Completion is expected in 2017. The developer closed on the development assemblage last October for $47 million.

Developer Completes Assemblage for Two-Building Residential Complex at 123 Melrose Street & 54 Noll Street, Bushwick

6:00 am on April 11, 2016 By Reid Wilson

In October of 2014, YIMBY reported on applications for an eight-story, 385-unit residential building at 123 Melrose Street, the site of the former Rheingold Brewery complex in western Bushwick, located three blocks from the Myrtle Avenue stop on the J/M/Z trains. All Year Management has now acquired a piece (28 Stanwix Street) of the mega-block development site – bound by Evergreen Avenue and Stanwick, Melrose, and Noll streets – from Princeton Holdings and Read Property Group for $72.2 million, The Real Deal reported.

Foundation Work Underway At 28-Story, 236-Unit Residential Tower, 1501 Voorhies Avenue, Sheepshead Bay

10:00 am on April 8, 2016 By Reid Wilson

Back in September of 2014, YIMBY reported on applications for a 28-story, 236-unit residential building at 1501 Voorhies Avenue, in southern Sheepshead Bay, located directly adjacent to the Sheepshead Bay stop on the B/Q trains. Now, Sheepshead Bites reports foundation work is well underway on what permits say will eventually be a 275,892-square-foot building. The residential units, which will be a mix of condominiums and rental apartments, should average a relatively spacious 1,169 square feet apiece. The tower’s lower portions will host 13,530 square feet of commercial space, and amenities include 124 parking spaces, many located in an underground garage, storage for 118 bikes, a fitness center, a pool and spa, and and common outdoor spaces. AvalonBay and Muss Development are the developers, and Perkins Eastman Architects is behind the design. Completion is expected in 2018.

First Look at Macy’s Five-Floor Renovation Planned at 422 Fulton Street, Downtown Brooklyn

6:30 am on April 8, 2016 By Reid Wilson

In August of 2015, news broke that Tishman Speyer was acquiring five stories of Macy’s nine-story commercial building at 422 Fulton Street, along with the parking garage at 11 Hoyt Street/217 Livingston Street, in Downtown Brooklyn, for $170 million. Macy’s is expected to consolidate their retail space into 278,000 square feet on the lower half of the building (basement through fourth floors). Speyer would then expand and convert the upper portion into 10 stories of office space. The Wall Street Journal now has the first glimpse of the renovations, which Speyer has agreed to fund (as part of the deal), that will go into Macy’s portion of the building. Macy’s and FRCH Design Worldwide are designing their space. Work is expected to begin imminently, and the renovation is expected to be complete in 2019. It was recently reported that Speyer would be utilizing the EB-5 program to raise roughly $60 million in financing.

23-Story, 303-Unit Affordable Residential Tower Rises at 38 Sixth Avenue, Prospect Heights

6:00 am on April 8, 2016 By Reid Wilson

Last month, YIMBY revealed new renderings of the 23-story, 303-unit mixed-use building planned at 38 Sixth Avenue, in Prospect Heights, located within the 15-building Pacific Park mega-development. Curbed NY now has an update on the entire project, but more specifically photos revealing that this portion of Pacific Park is finally rising. The structure is currently two stories above street level. It will eventually encompass 341,595 square feet and will feature 8,700 square feet of retail space and medical offices on the ground floor. The rental apartments, averaging 957 square feet apiece, will all rent at below market-rates. There will be a mix of studios, one-, two-, and three-bedroom apartments. A partnership between Forest City Ratner and Greenland USA is developing, and SHoP Architects is behind the design. Completion is expected in late 2017.

Six-Story, 195-Unit Apartment-Hotel Under Construction at 1100 Corporate Drive, East Garden City

2:00 pm on April 7, 2016 By Reid Wilson

The Beechwood Organization is developing a six-story, 195-unit apartment-hotel on a vacant plot of land on the western end of Meadowbrook Point, a 720-unit senior residential community they recently finished at 1100 Corporate Drive, in Nassau County’s East Garden City. According to Real Estate Weekly, the building, dubbed The Vanderbilt, will host 178 residential units and 17 hotel suites. The residential units will be rental apartments, coming in studio, one-, and two-bedroom configurations. Amenities include an English garden, a fitness center, a yoga room, a library, entertainment rooms, a café, meeting rooms, and a private courtyard featuring a pool and restaurant. Stonehill & Taylor Architects will be designing the interiors. The foundation was recently laid, and construction is expected to finish in late 2018.

Partial Reveal of Six-Story, 33-Unit Mixed-Use Project at 509 Pacific Street, Boerum Hill

1:00 pm on April 7, 2016 By Reid Wilson

Back in August of 2015, YIMBY reported on applications for the six-story, 29-unit mixed-use building at 509 Pacific Street, in Boerum Hill. Now, Curbed NY has updated details on the project, as well as the first partial renderings revealing the structure’s exterior. The 114,812-square-foot building, dubbed the Hendrik, will actually feature 33 residential units, averaging 1,680 square feet apiece. The apartments will be condominiums, ranging from two- to four-bedroom configurations. Per the Schedule A, amenities will include a fitness center and a 12,725-square-foot parking garage in the sub-cellar. There will also be 16,293 square feet of retail space across the ground and cellar levels. Hope Street Capital and AEW Capital Management are the developers, with Beyer Blinder Belle behind the design. The site’s old Walgreens store was demolished in 2015 and completion of the new structure is expected in 2017.

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Mixed-Use

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