Midtown South-based HH Realty Equities acquired, for $6.8 million, the single-story, 10,750-square-foot vacant commercial building at 1101 Avenue M, located on the corner of Coney Island Avenue in the heart of Midwood. The new owners plan to develop a mixed-use project with retail and residential units, Commercial Observer reported. The 10,750-square-foot site can accommodate up to 43,000 square feet of development. Neither demolition permits nor new building applications have been filed. The Avenue M stop on the Q train is five blocks away.
Construction is now two stories above ground level on the six-story, 44-unit mixed-use project under development at 27-05 41st Avenue, located on the corner of 27th Street in the Queens Plaza section of Long Island City. The structure can be seen in an update by The Court Square Blog. The latest building permits indicate the building will measure 50,530 square feet and rise 60 feet in height, not including the bulkhead.
Construction has topped out and is quickly wrapping up on the six-story, 102-unit mixed-use building under development at 5 Blue Slip as part of the Greenpoint Landing mega-development, in northern Greenpoint. All of the building’s apartments will rent at below-market rates through the affordable housing lottery; applications for them have just launched.
After months of negotiations with the community, developer Avery Hall Investments has agreed to amendments to its two-building, mixed-use development planned at 120 Fifth Avenue, located on the corner of Baltic Street in Park Slope. When the plans were initially presented in February, YIMBY reported that the 196,000-square-foot project would include 165 residential units and 52,000 square feet of retail. Twenty-five percent, or 41 units, would rent at below-market rates through a lottery and 7,500 square feet of the retail space would be designated for a grocery store.
In June, pawn shop owner Boris Aronov filed plans for a 220-foot-tall office building at 43 West 47th Street, in the block-long Diamond District in Midtown. Now, YIMBY has renderings for the development, which will replace a pair of smaller buildings between Fifth and Sixth avenues.