Retail

47 Hall Street

Developers File to Convert Eight-Story Industrial Building at 47 Hall Street Into Office Space, Clinton Hill

RXR Realty and Westbrook Partners have filed applications to convert the eight-story, 665,901-square-foot industrial complex at 47 Hall Street, located on the corner of Park Avenue in northern Clinton Hill, into office space. Sections of the basement and first floors will contain retail space, a restaurant, office amenities, and a 31-car parking garage. Office space will fill other parts of the first floor, as well as the entirety of the second through eighth floors. A ninth-floor penthouse expansion is also indicated. In total, the complex will contain 528,301 square feet of commercial space, The Real Deal reported. Marvel Architects is serving as the architect of record.


Former Pearl Paint Building’s Redevelopment Stalled at Landmarks

Pearl Paint, an icon at the northern edge of TriBeCa, closed over two years ago, pushed out because the rent was too high. The larger of its buildings, at 304-306 Canal Street, is already under redevelopment. Now, the Landmarks Preservation Commission is overseeing the redevelopment of 308-310 Canal Street. The agency held a public hearing on it last Tuesday, but no approval was granted.

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260 South Street

Design Revealed for Two-Towered, 1,350-Unit Mixed-Use Project Proposed at 260 South Street, Lower East Side

Renderings have been revealed of the two-towered, 1,350-unit mixed-use project planned at 260 South Street, on the Lower East Side. As currently proposed, the towers would stand 69 and 62 stories in height, rising 798 feet and 728 feet to their roofs, respectively. Twenty-five percent of the units would rent at below-market rates through the affordable housing lottery, the Lo-Down reported, and some senior housing will also be incorporated. Plans are still in place to expand the ground-floor retail footprint of the existing 26-story Section 8 residential buildings, called Lands End II, at 265 Cherry Street and 275 Cherry Street, which contain a total of 491 apartments. Renovations will be made to existing park spaces.


Tangram

Construction Underway on Tangram’s 13-Story, 192-Unit Residential Building at 133-27 39th Avenue, Flushing

Construction is well underway on a four-building, 1.2-million-square-foot mixed-use development, dubbed Tangram, in downtown Flushing. The project is located on much of the block bound by College Point Boulevard, Prince Street, and 37th and 39th avenues. Work appears to be above street level on the 13-story, 192-unit residential building at 133-27 39th Avenue. The condominium residential units in this building should average 987 square feet, per the latest building permits. Also under construction is a four-level, 377-car underground parking garage.


242 West 53rd Street

62-Story, 426-Unit Mixed-Use Tower Rises to 12th Floor at 242 West 53rd Street, Midtown

Construction is now 12 stories up on the 62-story, 426-unit mixed-use tower under development at 242 West 53rd Street, in Midtown’s Theater District. The progress on construction, first reported by Curbed NY, can be seen thanks to photos posted to the YIMBY Forums by Tectonic. Building permits indicate the project will eventually encompass 542,276 square feet, rising 674 feet to its main roof, not including the bulkhead. There will be 16,514 square feet of retail space across the ground floors, followed by 426 residential units on the fourth through 59th floors. The apartments, which are confirmed to be rentals, should average 1,024 square feet apiece. Algin Management is the developer and CetraRuddy is the architect. Completion is anticipated for 2018.


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