Retail

Rendering of 242 West 53rd Street. Via CetraRuddy.

62-Story, 426-Unit Mixed-Use Tower Rises Above Street Level At 242 West 53rd Street, Midtown

Construction is two stories above street level on a 62-story, 426-unit mixed-use tower under development at 242 West 53rd Street, in Midtown. Work is underway on the base of the building, as seen in photos posted to the YIMBY Forums. The latest building permits indicate the project will encompass 542,276 square feet and rise 674 feet to its roof, not including the bulkhead and other mechanical equipment. There will be 16,514 square feet of ground-floor retail space. The residential units above should average 1,024 square feet apiece, although it’s unclear whether they will be condominiums or rentals. Algin Management is the developer and CetraRuddy is behind the architecture. Completion is expected in 2018.


1 Great Jones Alley

12-Story, 16-Unit Mixed-Use Project Tops Out At 1 Great Jones Alley, NoHo

Construction has topped out on the 12-story, 16-unit mixed-use building under development at 1 Great Jones Alley, which also goes by 688 Broadway, in NoHo. A photo of the structure has been posted to the YIMBY Forums. The latest building permits indicate the project will encompass 60,854 square feet and rise 154 feet above street level to its pinnacle. There will be 3,838 square feet of retail space across the ground and cellar levels, followed by condominiums from the second through 12th floors. The apartments should average a spacious 2,930 square feet apiece. Madison Realty Capital is the developer and BKSK Architects is behind the design. HMWhite is the landscape architect and completion is expected in the first half of 2017.



2570 Flatbush Avenue

Raymour & Flanigan Planning New Two-Story, 55,300-Square-Foot Store At 2570 Flatbush Avenue, Mill Basin

Raymour & Flanigan, the furniture retailer based in upstate New York, has filed applications for a two-story, 55,300-square-foot commercial-retail building at 2570 Flatbush Avenue, located on the corner of Avenue V in Mill Basin across Flatbush from the King’s Plaza Shopping Center. Retail space will occupy both levels of the 30-foot-tall structure. S9 Architecture is the architect of record. The project will take up most of the block, which is bound by Flatbush Avenue, Avenue V, Hendrickson Street and Hendrickson Place. Multiple single-story commercial buildings must first be demolished. The retailer has a location across Avenue V from the site of their new building. It’s probable that Raymour & Flanigan will vacant their existing space once their new building has completed.


147-07 94th Avenue

Mixed-Use Tower With Residential Units And Retail Planned At 147-07 94th Avenue, Jamaica

Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.


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