Foundation work appears to be complete where a 22-story, 252-unit mixed-use building is under development at 416 Kent Avenue, in Williamsburg near the East River. The site can be seen thanks to photos posted to the YIMBY Forums. The tower will be connected by a common base with two other 22-story residential towers, located next door at 420 Kent Avenue. That site was cleared of commercial low-rises earlier this year.
Excavation work is underway on the site of a planned 12-story, 110-unit mixed-use building at 79 Avenue D, in the Alphabet City section of the East Village. The developer, L+M Development Partners, has also secured $52.8 million in construction financing. The latest building permits indicate the project will encompass 114,422 square feet and rise 120 feet above street level, not including the bulkhead.
Over the course of the past year, Eli Hamway and his partners at Industrie Capital evicted hundreds of artists from the turn-of-the-century warehouses at Ninth Street and Second Avenue in Gowanus. Now they’ve begun converting the buildings to office space and kicked off leasing for the project.
Construction is now five stories above street level on the 19-story, 72-unit mixed-use building under development at 2230 Broadway, located on the corner of West 80th Street, on the Upper West Side. Photos of the structure have been posted to the YIMBY Forums. The latest building permits indicate the project will encompass 123,456 square feet and rise 205 feet above street level, not including the bulkhead.
DSA Property Group is planning to convert the 15-story, 75,000-square-foot dormitory at 106 Fulton Street, in the Finaicial District, into rental apartments. The project will consist of a “light renovation” of only the living spaces, Commercial Observer reported, ensuring that the apartments will be able to be rented at affordable rates. The ground floor contains 3,543 square feet of retail space leased to Burger King through 2020. DSA acquired the dormitory from Pace University for $51.1 million earlier this month. A $45 million acquisition loan was also recently secured.