Retail

Waldorf Astoria

321-Unit Partial Residential Conversion Filed For 44-Story Waldorf Astoria Hotel At 301 Park Avenue, Midtown

Last week, YIMBY brought you news that the Landmarks Preservation Commission voted to calendar sections of the interior of the 44-story, 1,413-key Waldorf Astoria New York hotel at 301 Park Avenue, located on an entire Midtown block. Now, as part of a planned mixed-use conversion, property owner Anbang Insurance Group has filed applications to convert large swaths of the tower into residential units.




210 West 31st Street

Church of St. John the Baptist To Be Converted Into 30,000 Square Feet Of Retail At 210 West 31st Street, Chelsea

KBS Capital has entered into contract with Onyx Equities to acquire an 80 percent stake in the Church of St. John the Baptist, a two-story, 23,110-square-foot structure at 210 West 31st Street in Chelsea. KBS and Onyx plan to convert the structure into roughly 30,000 square feet of retail space, The Real Deal reported. The space will be divided between three units, all with space on the ground floor and additional space on the cellar and second levels. A roof patio could also be constructed. KBS is set to pay $39.8 million for the stake. A timeline regarding the sale or construction has not been disclosed. Alteration permits have not been filed at this time.


579 Broad Street

48-Unit Residential And Retail Conversion Planned At Five-Story Office Building, 579 Broad Street, Newark

New Orleans-based Redmellon Restoration and Development is planning to convert the five-story office building at 579 Broad Street, located on the corner of Central Avenue in downtown Newark, into a mixed-use building with 48 residential units. The ground floor will contain 5,591 square feet of retail space on the ground floor. The residential units throughout the rest of the building will be rental apartments, Jersey Digs reported. Eminent Investment Group is the current property owner, as Redmellon has not closed on the sale of the property at this time. A construction timeline has not been disclosed.


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