Back in 2014, Thor Equities and General Growth Properties were in contract to acquire the four-story, 21,837-square-foot commercial-retail building at 220 West 57th Street, in Midtown. Now, the developers are expecting to close on the property – an individual landmark dubbed the Society House of the American Society of Civil Engineers – for $85 million in June, according to The Real Deal. Its existing tenant, Lee’s Art Shop, is in the process of moving out, probably in time for the sale, DNAinfo reports. The new owners plan to renovate the building into luxury retail space. Any exterior alterations to the building will have to be approved by the Landmarks Preservation Commission. The property comes with 104,160 square feet of air rights.
Back in November of 2015, renderings were revealed of the planned 15-story, 99-unit mixed-use building planned at 42-20 27th Street, in the Queens Plaza section of Long Island City. Now, excavation is ongoing at the site, The Court Square Blog reports. It was previously reported the project would rise 18 stories and contain 195 rental apartments, but filings were never updated to reflect those figures; they still detail a 15-story, 99-unit project. The structure will encompass 141,077 square feet, of which 20,304 square feet will be designated for ground-floor retail. The residential units should average 1,160 square feet apiece, indicative of condominiums. Amenities listed in the Schedule A include a 573-square-foot bicycle storage room, private residential storage, and an inner courtyard. Rabsky Group is the developer, with ODA New York behind the design. Completion is expected in spring 2018, per on-site signage.
Back in February, the foundation was being poured for the 12-story, 75-unit mixed-use building under development at 69 East 125th Street, in East Harlem. Now, the project is seven stories above street level and rising, Harlem+Bespoke reports. Once complete, the 80,619-square-foot building will feature 5,643 square feet of ground-floor retail space. Residential units, averaging a rental-sized 767 square feet apiece, will fill the rest of the building. Fifteen of the apartments will rent at below-market rates through the housing lottery. As reported previously, amenities include a 15-car garage in the cellar, bike storage, a laundry, private residential storage, a fitness center, and a rooftop terrace. Greystone Property Development is the developer and Kutnicki Bernstein Architects is the architect. Completion is expected in early 2017.
Back in April of 2014, YIMBY revealed renderings for a 45-story, 415-unit mixed-use building at 29-26 Northern Boulevard (a.k.a. 29-22 & 29-32 Northern Boulevard), in the Queens Plaza section of Long Island City. Excavation began in the summer of 2015 and foundation work is now well underway, The Court Square Blog reports. The project has also seen slight revisions to its design. The latest filings detail a 43-story, 500,302-square-foot mixed-use tower that will stand 481 feet above street level. There will be 11,372 square feet spread across parts of the cellar, ground, and second floors. The project’s 467 residential units will be located on the second through 41st floors, averaging a rental-sized 791 square feet apiece.
Jenel Management has filed applications for a three-story, 35,217-square-foot retail complex at 22-06 31st Street, in the Ditmars section of Astoria. The cellar through third floors of the new building, to stand 54 feet above street level, will be used for entirely retail space. Steven B. Rabinoff’s Flushing-based architecture firm is the architect of record. The project will replace a collection of low-rise commercial-retail buildings that are currently occupied by CVS Pharmacy, Citibank, and a shoe retailer. Demolition permits were filed in December to knock down the existing buildings.