Over the past year, the former four-story commercial building at 152 Elizabeth Street, located on the corner of Kenmare Street in Little Italy, has been demolished down to its foundation. A seven-story, seven-unit mixed-use building is now rising from that foundation, currently a single story above street level, Bowery Boogie reports. The latest building permits indicate the new structure will measure 26,788 square feet. The ground floor will host 2,193 square feet of retail space, followed by two units per floor on the second and third floors, full-floor units on the fourth and fifth-floors, and a penthouse on the sixth and seventh floors. The penthouse will feature two roof decks. The apartments, condominiums, will range from one- to four-bedrooms, averaging 3,514 square feet apiece. There will also be a seven-car automated parking garage in the cellar. Osaka, Japan-based Tadao Ando Architects & Associates is the design architect and Greenwich Village-based Gabellini Sheppard Associates is the executive architect. Sumaida + Khurana is the developer. Completion can probably be expected in 2017.
Jackson Heights-based property owner Juan Luna has filed new applications for a three-story, two-unit residential building at 40-07 95th Street, in northern Elmhurst. It will measure 4,104 square feet. A medical office will be located in the cellar and 1,169 square feet of retail space will occupy the ground floor. There will be two residential units across the second and third floors. The full-floor residential units should average 716 square feet apiece, indicative of rental apartments. Jorge L. Bosch’s Midtown South-based Bosch Architecture is the architect of record. The 25-foot-wide, 1,368-square-foot property is currently vacant. The site’s two-and-a-half-story predecessor was demolished last month. The Junction Boulevard stop on the 7 train is located around the corner.
Beijing-based Xinyuan Real Estate has acquired the dilapidating RKO Keith’s Theatre, of which the interior is an individual landmark, at 135-35 Northern Boulevard, in downtown Flushing, for $66 million. Xinyuan plans to redevelop the property into a 16-story, 269-unit mixed-use building dubbed Flushing Square, Real Estate Weekly reported. The project will encompass 372,598 square feet and will host retail space on the ground and second floors. Pei Cobb Freed & Partners will be responsible for the design. Although redevelopment plans were first filed as far back as 2003, the new architect will likely file new permits with the Buildings Department. Regarding the landmarked interior, Pei Cobb Freed will also have to seek approval from the Landmarks Preservation Commission if the firm’s vision differs from those previously approved plans. The site was placed on the market earlier this year after the previous owners, JK Equities, acquired it in 2013 for $30 million.
Foundation work is now underway for the 14-story, 55-unit mixed-use building under development at 242 Broome Street (a.k.a. Site 1), located on the corner of Ludlow Street on the Lower East Side. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user rbrome. The latest building permits indicate the new building will encompass 180,646 square feet. There will be 40,326 square feet of commercial-retail space across portions of the cellar through third floors. A bowling ally operated by Splitsville Luxury Lanes is expected to lease a significant amount of space. In addition, there will be 17,735 square feet of community facility space on the second through fourth floors. The space was once reserved for the Andy Warhol Museum, but plans for it have fallen through.
Just last week, a rendering was revealed of the planned eight-story condominium project coming to 137 Fourth Avenue (a.k.a. 334 Butler Street), in northern Park Slope. Now, official new building applications have been filed with the Building Department. The development will measure 18,106 square feet and will contain 1,385 square feet of commercial-retail space on the ground floor. Thirteen residential units will be located on the second through eighth floors, average 967 square feet apiece. Two duplex penthouses will occupy the seventh and eighth floors. Amenities include private residential storage, a fitness center, and a rooftop terrace. Arbie Development is the developer and ARC Architecture + Design Studio is the architect. A three-story townhouse must first be demolished. Completion is expected in 2018.