Sun Equity Partners and the Heskel Group have closed on the $27 million purchase of the 23,439-square-foot site at 40-31 82nd Street, located along Ithaca Street and Baxter Avenue in northern Elmhurst. The duo plan to build a seven-story, 160,000-square-foot mixed-use commercial building, The Real Deal reported. Dubbed The Shoppes At 82nd Street, it will feature 45,000 square feet of retail space on the ground and cellar levels, followed by 100,000 square feet of community facility space on the floors above. No new building applications have been filed at this time. An old, vacant movie theater, in addition to multiple single- and two-story commercial structures, must first be demolished. The 82nd Street-Jackson Heights stop on the 7 train is a few steps away.
Filings for new buildings in Flatbush seem to have slowed down over the last few months, probably thanks to confusion about the defunct-but-possibly-not 421-a tax abatement. The tax break propped up market-rate development throughout the central Brooklyn neighborhood, and without it, many builders seem to be delaying construction.
Construction has topped out on the 16-story, 522-unit mixed-use building under development at 325 Kent Avenue, located between South 3rd and 4th streets in western Williamsburg. The building’s roof stands 170 feet above street level, although the additional height from the bulkhead isn’t specified in documents. The structure measures 401,246 square feet. There will be 9,378 square feet of retail on parts of the ground and second floors. The residential units should average 712 square feet and twenty percent (105 units) will rent at below market rates through the housing lottery. The project is the first building to top out within the five-building Domino Sugar Refinery mega-development. Two Trees Management Company is the developer. SHoP Architects is the design architect and Ismael Leyva Architects is the executive architect. Completion is anticipated next year.
New renderings, depicting the final design, are now available for the 25-story, 115-unit mixed-use building under development at 565 Broome Street (a.k.a. 100 Varick Street), in Hudson Square. The renderings come as sales have launched for the project’s condominiums. The latest building permits indicate the structure will eventually encompass 322,154 square feet and rise 290 feet above street level to its roof, which doesn’t include the bulkhead.
A new era is about to dawn for a SoHo building. On Tuesday, amid testimony from an Academy Award winner, the Landmarks Preservation Commission approved changes that will assist the office conversion of the parking garage at 165 Mercer Street. That’s on the west side of the street between Prince and West Houston streets.