Michael Stern’s JDS Development, partnered with Chetrit Group, is planning to acquire the landmarked Dime Savings Bank building at 9 Dekalb Avenue, in Downtown Brooklyn, for $90 million, according to Crain’s. The building could be converted to accommodate retail, but roughly 300,000 square feet of unused air rights can now be transferred to the team’s site at 340 Flatbush Avenue Extension.
After Chetrit Group landed a $60 million acquisition and pre-development loan for their development site spanning 541-545 West 37th Street, in Midtown West, the developer is planning to move forward with their plans, which YIMBY reported on nearly a year ago. The site boasts 373,000 square feet of building potential, and conceptualized as a 50-story mixed-use tower featuring 100 residential units and 350 hotel rooms. Two three-story buildings must first be demolished.
In February, applications were filed for a two-story commercial building at 102-05 Roosevelt Avenue, in North Corona, and now new building applications call for a three-story, three-unit mixed-use building. The building will measure a total 4,930 square feet, which includes 2,465 square feet of ground-floor retail. Long Island-based Issa Khorasanchi is the applicant of record, and Hector Burgos is the property owner. An existing single-story retail building must first be demolished.
Last year, YIMBY revealed renderings of The Iconic Group’s planned five-story, seven-unit mixed-use building at 170 South 1st Street, in western Williamsburg. Now Brownstoner reports the project is under construction, with steel framing above street level. The building will measure 16,183 square feet, and includes 4,130 and 435 square feet of warehouse/retail and community space, respectively. ND Architecture & Design is the architect of record, and completion is likely expected in 2016.
The Covenant House, a facility that caters to homeless youth, is planning to redevelop the small block at 460 West 41st Street, in Hell’s Kitchen, replacing their current eight-story facility, a vacant six-story building, and an undeveloped lot. DNAinfo reports the new building will house Covenant’s new national headquarters facility, in additional to a large residential portion that’s 40% affordable and includes 100 units of supportive housing.
