Retail

509 West 38th Street

30-Story, 225-Unit Mixed-Use Project Tops Out at 509 West 38th Street, Hudson Yards District

Since hitting 22 stories in height back in June, the 30-story, 225-unit mixed-use tower under construction at 509 West 38th Street, in the Hudson Yards District, has topped out. The progress can be seen thanks to photos posted to the YIMBY Forums by user JC_Heights earlier this month. The 361-foot-tall tower encompasses 243,689 square feet. There will be 13,739 square feet of retail space across parts of the ground and second floors, along with 29,180 square feet of community facility space on parts of the ground through fifth floors. The residential units, rental apartments, should average 786 square feet apiece and 20 percent (46 units) will rent at below-market rates through the affordable housing lottery. Imperial Companies is the developer and BKSK Architects is behind the architecture. Completion is anticipated in 2017.


86 Fleet Place

32-Story, 440-Unit Mixed-Use Tower Rises to 26th Floor at 86 Fleet Place, Downtown Brooklyn

Construction is now underway on the 26th floor of the planned 32-story, 440-unit mixed-use building under development at 86 Fleet Place, in Downtown Brooklyn. The progress can be seen thanks to photos posted to the YIMBY Forums by user nyc1. The latest building permits indicate the 351-foot-tall tower will eventually encompass 427,346 square feet. It will host 10,813 square feet of commercial-retail space on the ground floor, followed by residential units averaging 871 square feet apiece. Since a leasing office is included, at least a number of the units will be rental apartments. The residential amenities are listed in YIMBY’s previous March update, when the structure was a single story up. John Catsimatidis’s Red Apple Group is the developer and Goldstein, Hill & West Architects is behind the architecture. Completion is expected in 2017.


Former renderings of 1075 West Side Avenue - Rendering of West Side Square - Marchetto Higgins Stieve

Avenir, Three-Building, 486-Unit Mixed-Use Project at 1072 & 1075 West Side Avenue, Approved by Jersey City

Late last month, the Jersey City Planning Board approved Amerestate Holdings’s plans for three new mixed-use buildings, ranging from three to eight stories in height, at 1072 West Side Avenue and 1075 West Side Avenue, located along Broadway in the Marion section of Jersey City. Approval was also granted to combine the development assemblage into a single property, Jersey Digs reported. Across the entire project, dubbed Avenir, 486 residential units are planned in addition to 25,452 square feet of retail space. The stretch of West Side Avenue between Broadway and Fayette Avenue will be de-mapped and transformed into a public plaza. Amenities include a 384-car parking garage and rooftop terraces. The single-story building that was once home to Puccini’s Restaurant, a single-story former textile factory, and a four-story apartment building must first be demolished. Marchetto Higgins Stieve Architects is behind the design. The Journal Square PATH station is located eight blocks away.

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206 Kent Avenue

New Developers Acquire Site Of Planned Commercial Project at 206 Kent Avenue, Williamsburg

Two anonymous entities have acquired, for $33 million, the vacant 22,640-square-foot development site at 206 Kent Avenue, in northern Williamsburg, Commercial Observer reported. That’s the property bound by Kent and Metropolitan avenues and River and North 3rd streets, located a block in from the East River. The previous owner, Alliance Private Capital Group, was planning a 45,000-square-foot mixed-use commercial building with retail space on the ground floor and office space above. In fact, the grocery store Trader Joe’s signed a lease last year for 18,000 square feet of space across the ground and cellar levels. It hasn’t been confirmed if the new owners plan to follow through with the same project. New building applications haven’t been filed.


Seaport Landing

Four Nine-Story Mixed-Use Buildings Planned at 129 Beach 116th Street Assemblage, Rockaway Park

Brooklyn-based Marcal Group is planning to develop four mixed-use buildings – each rising nine stories in height – on an assemblage of development sites located between Beach 115th and 117th streets, in Rockaway Park. That’s a neighborhood along the Rockaways in southern Queens. Dubbed Seaport Landing, the entire project will encompass 240,000 square feet of residential space and 23,000 square feet of ground-floor retail, the Rockaway Times reported. The total number of apartments, all condominiums, wasn’t disclosed, but at least 158 of them will be sold at affordable rates to seniors. The building at 157 Beach 115th Street will contain 58 affordable units and the one at 160 Beach 117th Street will contain 100 affordable units. The two facing Beach 116th Street will be market-rate buildings. Most of the assembled properties are vacant with the exception of 129 Beach 116th Street, which is currently occupied by a single-story commercial building, acquired in 2015 for $5 million. Demolition permits haven’t yet been filed. The Rockaway Park-Beach 116th Street stop on the A train and Rockaway Park Shuttle is two blocks away.


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