Retail

50 North 3rd Street

Developer Plans 140,000-Square-Foot Mixed-Use Rental Building at 50 North 3rd Street, Williamsburg

6:00 am on September 8, 2016 By Reid Wilson

CW Realty Management has entered into contract to acquire, for $45 million, the development assemblage at 187-201 Kent Avenue and 48-50 North 3rd Street, located three blocks in from the East River in northern Williamsburg. The plan is for a 140,000-square-foot mixed-use building with retail space and rental apartments, The Real Deal reported. Retail will be located on the ground and cellar levels, and there will also be a parking garage. The number of units is unknown at this time. The 23,150-square-foot assemblage is currently occupied by one- and two-story warehouses, one of which is currently used as event space. Demolition permits haven’t been filed.

221 West 29th Street

21-Story, 95-Unit Mixed-Use Building Tops Out at 221 West 29th Street, Chelsea

2:00 pm on September 7, 2016 By Reid Wilson

Since it was two stories above street level in early June, the 21-story, 95-unit mixed-use building under construction at 221 West 29th Street, in northern Chelsea, has topped out, as seen in photos posted to the YIMBY Forums. The structure measures 105,337 square feet and rises 210 feet above street level, not including the bulkhead. There will be 671 square feet of retail space, big enough for a single store, followed by residential units on the second through 21st floors. The apartments will be rentals, averaging 828 square feet apiece, of which 19 (20 percent of the total) will rent at below-market rates through the affordable housing lottery. CBSK Ironstate — a team comprised of SK Development, CB Developers, and Ironstate Development — is  the developer. Goldstein, Hill & West Architects is behind the architecture. Occupancy is expected in 2017.

441 Ninth Avenue

Renovation, Expansion Planned for Eight-Story, 423,000-Square-Foot Office Building at 441 Ninth Avenue, Hudson Yards District

11:00 am on September 7, 2016 By Reid Wilson

The eight-story, 423,000-square-foot office building at 441 Ninth Avenue — located between West 34th and 35th streets in the Hudson Yards District — is slated to be renovated and vertically expanded by 150,000 square feet. Portions of the ground floor could also be converted into retail space, The Real Deal reported. The plans haven’t been filed with the Buildings Department yet. The Cove Property Group and hedge fund Baupost Group are the developers. The duo recently acquired the property for $330 million. The structure was originally built as a warehouse in 1953 and later converted into an office property in the 1980s. The existing tenant is expected to vacate the property within one year.

Vacant 571 Classon Avenue in 2006. Photo by Gregg Snodgrass via PropertyShark.

Eight-Story, Five-Unit Mixed-Use Building Filed at 571 Classon Avenue, Bedford-Stuyvesant

10:00 am on September 7, 2016 By Reid Wilson

Queens Village-based Atari Realty has filed applications for an eight-story, five-unit mixed-use building at 571 Classon Avenue, located in the southwestern corner of Bedford-Stuyvesant. The project will measure 10,623 square feet. It will contain 1,149 square feet of ground-floor retail space, followed by full-floor-plus residential units on the second through eighth floors. The apartments should average 1,248 square feet, indicative of condominiums. Gerald J. Caliendo’s Briarwood-based architecture firm is the architect of record. The 2,264-square-foot property is currently vacant. The Franklin Avenue-Fulton Street stop on the A and C trains and Franklin Avenue Shuttle is around the corner.

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