A rendering has been posted on the site of the planned six-story, five-unit mixed-use redevelopment at 242 Elizabeth Street, in NoLIta. The black-and-white rendering comes as Ervolino Group begins construction to expand the site’s existing single-story commercial building, Bowery Boogie reported. The latest buildings permits indicate the project will measure 7,667 square feet, with 1,795 square feet of commercial-retail space planned on the ground floor, which will be leased to City Gym. Each floor above will contain a single residential unit, although the top unit, a duplex penthouse, will also contain space on an upper penthouse level. The apartments should average 1,174 square feet apiece, and a Crain’s report from 2014 states that the apartments will be luxury rentals. Amenities include private residential storage units and bicycle storage. Nabil Ishac’s Midtown South-based Ishac Design Architects is the architect of record. Completion can probably be expected closer to 2017.
A structure dating back to the Civil War will be returned to residential use. The Landmarks Preservation Commission has approved a plan for 353 Sixth Avenue (a.k.a. 353 Avenue of the Americas), one which will see the structure grow a little.
Foundation work is now complete at 125 Greenwich Street, in the Financial District, the site of a planned 88-story, 273-unit mixed-use tower being developed by SHVO (headed by Michael Shvo), New Valley, and Bizzi & Partners Development. The concrete pit is now ready to make way for the tower portion, as seen in a photo by ILNY that was posted to the YIMBY Forums. The exact dimensions of building are not known, as the permits at the Buildings Department have yet to be amended, but we know it will rise 898 feet above street level (per Curbed NY) and will encompass roughly 450,000 square feet. There will be 20,000 square feet of retail space in its base and 16,000 square feet of residential amenities, including multiple terraces throughout the tower. The residential units will also be condominiums, ranging from studios to a triplex penthouse. Rafael Viñoly Architects is behind the design. Earlier this year, the developers were in the process of securing financing through various sources. Completion is expected in 2018.
Renderings have finally been revealed for All Year Management’s mixed-use development at 123 Melrose Street and 54 Noll Street, in western Bushwick, the site of the former Rheingold Brewery complex. The multi-block project, bound by Melrose and Stanwix streets and Evergreen and Flushing avenues, will feature 800 to 900 rental apartments and tens of thousands of square feet of retail space, according to Curbed NY. It’s being dubbed Bushwick II and will encompass around one million square feet. Roughly 20 percent of the apartments will rent a below-market rates through the affordable housing lottery. The developer acquired the plot for a combined $140.7 million over the past year. ODA New York is responsible for the design. New building permits have yet to reflect the latest plans. Two sprawling, single-story warehouse structures will have to be demolished.
Kushner Real Estate Group’s 53-story, 538-unit mixed-use building at 605 Pavonia Avenue, in the Journal Square section of Jersey City, is now fully clad. The tower’s construction crane has been removed, as seen in a photo posted on Instagram by the owners via the YIMBY Forums. The rental tower contains a very large parking garage as well as retail space. It’s the first of three towers in the Journal Squared mega-development, which includes additional 60- and 70-story sibling towers. The entire development will boast 1,838 residential units and 36,000 square feet of retail space. As for this first completed tower, which topped out in December of 2015, occupancy is expected by the end of this year. HWKN and Handel Architects are responsible for the design. The complex will be located a stone’s throw away from the neighborhood’s PATH station.