New York

Loan Recapitalizes 20-Story, 190-Key Hotel Project At 444 Park Avenue South, NoMad

12:30 pm on July 8, 2015 By Reid Wilson

Moin Development and SBE have received a $109 million loan for their planned SLS Hotel at 444 Park Avenue South, in NoMad, Commercial Observer reports. The former 14-story office building is being expanded to 20 stories and converted to 190 hotel rooms; multiple restaurants are also planned. Fortress Investment Group provided the loan, which recapitalizes and restructures existing debt. Completion is slated for Spring 2016.

Seven-Story, Seven-Unit Rental Building Filed At 786 Park Place, Crown Heights

11:00 am on July 8, 2015 By Reid Wilson

Eugene Khody, operating under an anonymous LLC, has filed applications for a seven-story, seven-unit residential building at the 25-foot-wide vacant lot of 786 Park Place, in eastern Crown Heights, four blocks north of the Nostrand Av. stop on the 3 train. The building will measure just 4,865 square feet, which means units will likely be rentals, averaging 695 square feet. Richard Walsh, of Citiscape Consulting, is the applicant of record.

Expansion/Renovation Underway For Five-Story Community Center At 150 First Avenue, East Village

10:00 am on July 8, 2015 By Reid Wilson

The five-story, 43,220 square-foot building dubbed 122 Community Center, at 150 1st Avenue, in the East Village, is currently being renovated and expanded to 52,380 square feet. EV Grieve notes interior demolition is currently underway, and the building will house The AID Service Center NYC, Mabou Mines, Painting Spaces 122 and PS122 when completed in Spring 2016. The Department of Cultural Affairs owns the building, and Deborah Berke Partners is designing the overhaul.

225 Fourth Avenue, rendering by Paperfarm

Revealed: 225 Fourth Avenue, Rentals Planned Next to Brooklyn Lyceum

8:00 am on July 8, 2015 By Rebecca Baird-Remba

In January, Greystone snapped up a vacant lot next to the landmarked Brooklyn Lyceum in Park Slope for $13,500,000, and now YIMBY has the first look at the 12-story rental building planned for the site at 225 4th Avenue.

88 Walworth Street, photo by Christopher Bride for PropertyShark

Permits Filed: 88 Walworth Street, Factory to Synagogue Conversion in Bed-Stuy

7:00 am on July 8, 2015 By Rebecca Baird-Remba

Deep in the Hasidic territory at the northern edge of Bedford-Stuyvesant, old industrial buildings bump up against new apartments with staggered balconies alongside kosher grocery stores and bakeries. The neighborhood is dotted with new synagogues and yeshivas, built to keep up with the fast-growing population of ultra-Orthodox Jews. And every once in a while, an organization takes over an old factory to convert it, instead of tearing it down.

Yeshiva Ahavas Israel, headquartered in a curved, 1920s brick factory at Franklin and Flushing Avenues, found one such industrial building nearby at 88 Walworth Street. Earlier this week, they filed plans to convert the low-slung structure between Park and Myrtle Avenues into a house of worship.

19-Story, 68-Unit Building Planned At 146 Pierrepont Street, Brooklyn Heights

6:30 am on July 8, 2015 By Reid Wilson

In 2014, Jonathan Rose Companies acquired the thru-block commercial property at 181 Montague/140 Pierrepont Street, in Brooklyn Heights; the developer also owns the five-story building at 146 Pierrepont Street. Now, new building applications have been filed with the DOB calling for a 19-story, 68-unit mixed-use building. Units will average a condo-sized 1,860 square feet in the 132,715 square-foot building. Retail space will also measure 6,230 square feet on the ground floor.

Nine-Story, 86-Unit Condo Building Revealed At 25-19 43rd Avenue, Long Island City

6:00 am on July 8, 2015 By Reid Wilson

In March, Ekstein Development began excavation at 25-19 43rd Avenue, in Long Island City, where a nine-story, 86-unit residential building is planned, and now Real Estate Weekly has renderings of the project, dubbed Dutch. The 86 condominiums will spread across 68,145 square feet of residential space, working out to an average unit of just 792 square feet. GF55 Partners is designing, while GACE Consulting Engineers is serving as the structural engineer. Foundation work is currently underway, per TCSB, and completion is slated for January 2017.

255 Bleecker Street To Be Reborn As Mexican Restaurant

5:00 pm on July 7, 2015 By Evan Bindelglass

A one-story building in Greenwich Village will see a new life as a Mexican restaurant. On Tuesday, the Landmarks Preservation Commission approved a proposal to transform 255 Bleecker Street, most recently a sushi restaurant, into Tacombi – La Cornelia.

Eight-Family Building Coming To 850 Putnam Avenue, Bedford-Stuyvesant

4:00 pm on July 7, 2015 By Reid Wilson

Property owner Jia W Yu, operating under an anonymous LLC, has filed applications for a four-story, eight-unit residential building at 850 Putnam Avenue, in eastern Bedford-Stuyvesant. The building will measure 8,330 square feet, which means units will average 1,040 square feet each. Anthony Lee’s AJR Architecture is the architect of record, and an existing two-story home must first be demolished.

Seven-Story, 41-Unit Rental Building Wraps Up At 185 Avenue B, East Village

2:00 pm on July 7, 2015 By Reid Wilson

Façade installation is nearing completion at the seven-story, 41-unit mixed-use building under construction at 185-193 Avenue B, in the East Village, according to EV Grieve. The Elim Pentecostal Church owns the property, and will have a 6,650 square-foot facility on the ground floor. The entire structure will measure 33,865 square feet, and units will average a rental-sized 665 square feet. Conrad Roncati’s Architectura is architect of record, and occupancy is slated for later this year.

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