Mixed-Use

41-20 27th Street

Reveal For 18-Story, 195-Unit Project At 41-20 27th Street, Long Island City

6:00 am on November 9, 2015 By Reid Wilson

In February of this year, YIMBY reported on applications for a 15-story, 99-unit mixed-use building at 41-20 27th Street, in Long Island City, but now the developer, Rabsky Group, is planning to build an 18-story, 195-unit residential building, with a small 2,888 square-foot retail component on the ground floor. The Real Deal has renderings of the project, which is being designed by ODA Architecture. The building will measure 140,130 square feet, and its rental units will average 704 square feet apiece. Existing low-slung commercial buildings must first be demolished, and completion is expected in mid 2017.

124 East 14th Street

City Seeking Proposals For Mixed-Use Development Site At 124 East 14th Street, Union Square

11:00 am on November 6, 2015 By Reid Wilson

The city’s Economic Development Corporation has requested proposals to develop the property at 124 East 14th Street, between 3rd and 4th Avenues in Union Square, according to Crain’s. Currently, a two-story commercial building housing a P.C. Richard & Son appliance store occupies the property. The site, however, boasts the potential for 140,000 square feet of residential development or 93,000 square feet of commercial development rights. The city is aiming to have an office building constructed, but the project could end up being residential or mixed-use. Existing retail leases in the building expire in February of next year, the same time proposals are due.

681 Franklin Avenue

Reveal For Six-Story, Eight-Unit Residential & Retail Building At 681 Franklin Avenue, Crown Heights

6:00 am on November 6, 2015 By Reid Wilson

In the last few days of 2014, YIMBY reported on applications to construct a four-story, eight-unit mixed-use building at 681 Franklin Avenue, in northwestern Crown Heights, six blocks from the Franklin Avenue stop on the 2, 3, 4, and 5 trains. Now, Curbed and DNAinfo have renderings for various versions of the project. The building will actually appear as six stories and stand 60 feet tall, thanks to two mezzanine levels which weren’t included in the previous floor count. The building will also include 2,134 square feet of ground-floor retail space.

8-16 Nevins Street

Developers Acquire 10 Nevins Street Assemblage, Plan 33-Story, 150-Unit Tower, DoBro

2:00 pm on November 5, 2015 By Reid Wilson

In July, Adam America Real Estate and Slate Property Group were in contract to acquire the development assemblage at 8-16 Nevins Street, in Downtown Brooklyn, and now the team has closed on the purchase, according to Crain’s. The developers paid $47.75 million for the site, and Vanke, a Chinese developer, is partnering to build a 33-story, 150-unit residential building. The tower will total 180,000 square feet, and retail space is also likely planned. Construction is expected to begin early next year, although multiple low-rise buildings must first be demolished.

625 Fulton Street

Rabsky Group To Acquire Large Development Site At 625 Fulton Street, DoBro

11:00 am on November 5, 2015 By Reid Wilson

Over a year ago, Forest City Ratner placed their Downtown Brooklyn development site, at 625 Fulton Street, on the market, and now Rabsky Group has agreed to purchase the property for $158 million, according to Commercial Observer. The site contains 600,000 square feet of development rights, and a residential tower is most likely, although plans for the site remain undisclosed. Until last year, the site was home to a seven-story, 359,000 square-foot office building.

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