Redsky Capital is planning to conduct renovations on the two-story, 27-unit mixed-use building at 159 North 3rd Street and 158-170 North 4th Street, in Williamsburg, located four blocks from the Bedford Avenue Station on the L train. The property owner recently secured a $19 million loan to refinance debt and to fund the project, according to Commercial Observer. Ground-floor retail space totals 48,860 square feet, while 27 rental apartments currently spread across 25,510 square feet of residential space on the second floor. Roughly 21,000 square feet of retail is vacant, although the entire block-thru building is expected to receive renovations and upgrades. Current retailers in the building include a Foodtown supermarket, and the restaurants Umani Burger, Sweetgreen, and by CHLOE.
It was over two years ago that we first saw a rendering of the mixed-use building under construction at 55 West 17th Street, between Fifth and Sixth avenues in Chelsea. Much has been done since then, and now the bulk of building’s façade is visible. YIMBY got to step inside the project, designed by Morris Adjmi, on Wednesday.
Back in January of 2014, the Landmarks Preservation Commission approved the eight-story, five-unit mixed-use project at 372 Broadway, in TriBeCa. Construction began on the building’s conversion in early 2015, and now YIMBY has new details and never-before-seen renderings of the condominium project, which goes by Six Cortlandt Alley. Curbed NY was the first to report on the project’s sales launch.
Nissan Cohen, doing business as an anonymous Bronx-based LLC, has filed applications for a three-story, two-unit mixed-use building at 2160 Powell Avenue, in Unionport, located five blocks south of the Castle Hill Avenue stop on the 6 train. The structure, to rise on a triangular plot bound by Powell Avenue and the Cross Bronx Expressway, will measure 4,985 square feet. The first two floors will host 3,197 square feet of commercial-retail space, and the top floor will contain two apartments, averaging 894 square feet apiece. Queens-based Gerald J. Caliendo is the architect of record. The 3,271-square-foot lot is currently vacant.
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.