Retail

Mixed-Use Rehabilitation Underway At Five-Story Building At 721 St. Nicholas Avenue, Hamilton Heights

2:00 pm on February 1, 2016 By Reid Wilson

In 2012, the Landmarks Preservation Commission twice rejected redevelopment plans for the long-vacant five-story residential building at 721 St. Nicholas Avenue, located on the corner of West 146th Street in the Hamilton Heights section of Harlem. The property sits within the Hamilton Heights/Sugar Hill Historic District, which means building alterations require LPC approval. Harlem+Bespoke now reports a gut-renovation, without the expansion, is underway to transform the building into retail space and four residential units. Retail will measure 2,048 square feet on the ground floor, and full-floor units will average 1,278 square feet apiece. There will also be recreational space on the rooftop. Alexander Perros, doing business as an anonymous LLC, is developing, and MK Architecture is the architect of record. Completion is anticipated for this summer.

477,000 Square-Foot Empire Outlets Retail & Hotel Project Rises At 35 Richmond Terrace, St. George

4:00 pm on January 29, 2016 By Reid Wilson

Back in the spring of 2015, BFC Partners broke ground on the commercial-retail complex dubbed Empire Outlets, located at 35 Richmond Terrace in St. George, Staten Island. In the last few weeks, the sprawling structure went vertical with the placement of steel beams. When it’s complete in late 2017, the project will have 100 retailers across 370,148 square feet of commercial space. Towards the center of the complex, atop the retail, a six-story, 190-key hotel will encompass an additional 107,109 square feet. A 1,250-car parking garage will be located below the entire structure, bringing the total square-footage of Empire Outlets to 1,139,313. The developer has already signed a couple dozen tenants, the latest of which is Jewelers on Fifth, according to Commercial Observer. SHoP Architects is the design architect.

Cindy Xu of China Overseas America (in blue) and Jersey City Mayor Steven Fulop (to her left) at the groundbreaking for 99 Hudson Street.

Ground Broken for 99 Hudson Street, Jersey City, To Be New Jersey’s Tallest Tower

8:00 am on January 29, 2016 By Evan Bindelglass

On Thursday, at a little before noon, a groundbreaking ceremony was held for 99 Hudson Street in Jersey City. Located on a site bounded by Hudson, Grand, Greene, and York streets, the 900-foot-tall mixed-use condominium tower will likely be the tallest building in the state and one of the tallest residential buildings in the entire country. The event not only kicked off construction, but also provided a venue to show off new renderings of the project.

Seven-Story, 45-Unit Mixed-Use Redevelopment Filed At 150 Rivington Street, Lower East Side

3:00 pm on January 28, 2016 By Reid Wilson

Last December, Cogswell Realty filed exploratory plans for a mixed-use redevelopment of the former Streit’s Matzo Factory, spanning 148-154 Rivington Street on the Lower East Side. The brick buildings will be partially demolished down to the first floor, according to permits with the Department of Buildings. Bowery Boogie spotted additional filings that call for six floors to be built atop the single-story structure that would be left behind after demolition. There will be 45 residential units in total and retail space is expected to measure 10,219 square feet on the ground and cellar floors. The structure would be topped by a open roof terrace. GLUCK+ is the architect of record and likely designing the redevelopment.

Four-Story, 35,000 Square-Foot Retail Project Planned At 257-263 West 34th Street, Midtown

6:00 am on January 26, 2016 By Reid Wilson

Cornell Realty Management is planning to build a four-story, 35,000 square-foot retail project at 257-263 West 34th Street, in the Garment District, according to Crain’s New York Business. According to The Real Deal, which reported on the assemblage last month, Chetrit Group and Cornell Realty acquired the three-story retail building at 261-263 West 34th Street together last March for an undisclosed amount. 259 West 34th Street was also recently acquired for $20.5 million. Chetrit and Cornell have since cut their partnership and, through a deal, have split their properties into separate ownerships. Cornell’s retail project will be clad in glass and construction is expected to begin sometime this year. A total of three small retail buildings must first be demolished.

Three World Trade Center Rises Into The Sky At 175 Greenwich Street, Financial District

6:30 am on January 25, 2016 By Reid Wilson

YIMBY last brought you news of Three World Trade Center, at 175 Greenwich Street in the Financial Distinct, in August when we revealed the height of the 80-story office tower was reduced to 1,079 feet. Since then, when the concrete core had reached roughly the half-way point, the tower has risen significantly, as seen in photos by Tectonic. The core is now closing in on the neighboring Four World Trade Center, which stands 977 feet in height. Steel work is occurring roughly halfway up the tower, and fireproofing and glass installation is taking place on the lower levels. There will be 150,000 square feet of retail space across five floors in the 2.8-million-square-foot building. Silverstein Properties is developing the tower, Rogers Stirk Harbour + Partners is designing it, and completion is expected in 2018.

ULURP Kicks Off For 23-Story, 335-Unit Mixed-Use Building At 2 Sherman Avenue, Washington Heights

11:00 am on January 21, 2016 By Reid Wilson

The Uniform Land Use Review Procedure (ULURP) has officially kicked off for the proposed 23-story, 335-unit mixed-use building at 2 Sherman Avenue, in the Fort George section of Washington Heights, located four blocks from stops on either the A or 1 trains. The project, developed by Washington Square Partners and Acadia Realty Trust, will include retail space and a community facility. According to Politico New York, the project will be the first to utilize Mayor Bill de Blasio’s Mandatory Inclusionary Housing program, which requires developers to rent 30 percent of the residential units at below-market rates in exchange for a rezoning. The mayor’s program is expected to be voted on over the next few months. If the program is not established, the developers will go ahead with the city’s current system, which would require 20 percent of the units to be affordable. An existing two-story commercial building must first be demolished.

Eight-Story Vernon Tower On Astoria Waterfront Rises To Second Level

6:00 am on January 21, 2016 By Vitali Ogorodnikov

The residential building at 31-43 Vernon Boulevard, on the East River waterfront in Queens, has risen to its second level. The project, known as Vernon Tower, is designed by PACS Architecture and developed by Michael Heletz of Vernon Tower LLC. The grey and white, panel-clad building will rise directly from the sidewalk to the pinnacle, with two-story setbacks at the corners. 1,409 square feet of retail will activate the ground level facing Vernon Boulevard.

Ground-Floor Retail Planned In 20-Story Office Building At 601 West 26th Street, West Chelsea

11:00 am on January 20, 2016 By Reid Wilson

RXR Realty is planning to convert the ground floor of the Starrett-Lehigh Building – a 20-story, 2.3-million square-foot office building at 601 West 26th Street, in West Chelsea – into 50,000 square feet of retail space. The building, built in 1931 and designed by Cory & Cory, is an individual landmark and sits within the West Chelsea Historic District, which means the Landmarks Preservation Commission must approve the plans. According to Crain’s, new retail will span the full length of Eleventh Avenue between West 26th and 27th Streets. Verizon previously occupied the ground and second floors of the property along Eleventh Avenue but agreed to relocate within the building. An architecture firm has not been selected, although construction is tentatively expected to begin next year.

Landmarks Approves Changes to 1 Wall Street to Allow for Residential Conversion

8:00 am on January 20, 2016 By Evan Bindelglass

A big change for a Lower Manhattan landmark is one step closer to becoming a reality. On Tuesday, the Landmarks Preservation Commission approved modifications to 1 Wall Street, paving the way for its conversion from bank headquarters to residential condominiums with ground-floor retail.

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