Retail

23-20 Jackson Avenue

65,000-Square-Foot Mixed-Use Commercial Building Planned At 23-20 Jackson Avenue, Long Island City

The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.


1880 Bathgate Avenue

Eight-Story, 190-Unit Mixed-Use Project Filed At 1880 Bathgate Avenue, Tremont

Wilfred Realty Corp. has filed applications for an eight-story, 190-unit mixed-use complex at 1880 Bathgate Avenue, in the West Bronx’s Tremont section. The 173,627-square-foot project will include two eight-story components, a western one along Bathgate Avenue and an eastern one along Firefighters Boulevard. There will be 21,820 square feet of retail and 2,460 square feet of community facility space across the ground floors. The residential units above should average 786 square feet apiece, indicative of (likely below-market-rate) rental units. SLCE Architects is the architect of record. The 36,101-square-foot assemblage consists of multiple single- and two-story warehouses. Demolition permits were filed in August. The Tremont station on Metro-North Railroad is three blocks away.


40-31 82nd Street

Reveal for Seven-Story, 160,000-Square-Foot Commercial Project Planned at 40-31 82nd Street, Elmhurst

Sun Equity Partners and the Heskel Group have closed on the $27 million purchase of the 23,439-square-foot site at 40-31 82nd Street, located along Ithaca Street and Baxter Avenue in northern Elmhurst. The duo plan to build a seven-story, 160,000-square-foot mixed-use commercial building, The Real Deal reported. Dubbed The Shoppes At 82nd Street, it will feature 45,000 square feet of retail space on the ground and cellar levels, followed by 100,000 square feet of community facility space on the floors above. No new building applications have been filed at this time. An old, vacant movie theater, in addition to multiple single- and two-story commercial structures, must first be demolished. The 82nd Street-Jackson Heights stop on the 7 train is a few steps away.


986 Rogers Avenue, image via Google Maps

Permits Filed: 986 Rogers Avenue, Flatbush

Filings for new buildings in Flatbush seem to have slowed down over the last few months, probably thanks to confusion about the defunct-but-possibly-not 421-a tax abatement. The tax break propped up market-rate development throughout the central Brooklyn neighborhood, and without it, many builders seem to be delaying construction.

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325 Kent Avenue

16-Story, 522-Unit Mixed-Use Building Tops Out at Domino Sugar’s 325 Kent Avenue, Williamsburg

Construction has topped out on the 16-story, 522-unit mixed-use building under development at 325 Kent Avenue, located between South 3rd and 4th streets in western Williamsburg. The building’s roof stands 170 feet above street level, although the additional height from the bulkhead isn’t specified in documents. The structure measures 401,246 square feet. There will be 9,378 square feet of retail on parts of the ground and second floors. The residential units should average 712 square feet and twenty percent (105 units) will rent at below market rates through the housing lottery. The project is the first building to top out within the five-building Domino Sugar Refinery mega-development. Two Trees Management Company is the developer. SHoP Architects is the design architect and Ismael Leyva Architects is the executive architect. Completion is anticipated next year.


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