Retail

37-11 103rd Street

Four-Story, Nine-Unit Mixed-Use Building Filed at 37-15 103rd Street, North Corona

2:00 pm on July 15, 2016 By Reid Wilson

Queens-based property owner Choi Yui Chan has filed applications for a four-story, nine-unit mixed-use building at 37-15 103rd Street, in North Corona. The structure will measure 13,500 square feet. The ground floor and cellar level will host 3,402 square feet of retail space, followed by three units per floor on the second through fourth. The residential units should average 820 square feet apiece, which means rental apartments are likely in the works. Smaller condominiums are also a possibility, especially if the developer is catering to the Chinese. Robert H. Lin’s Flushing-based A&T Engineering is the applicant of record. Earlier this year, the developer filed plans for two separate four-story, four-unit buildings, but they were later disapproved. The 5,000-square-foot assemblage consists of two townhouses. Demolition permits haven’t been filed. The site is two blocks north of the 103rd Street-Corona Plaza stop on the 7 train.

350 East 86th Street

Extell Expands Mixed-Use Development Assemblage at 350 East 86th Street, Upper East Side

10:00 am on July 15, 2016 By Reid Wilson

After entering into contract nearly a year ago, Extell Development has closed on the purchase of the single-story, 128,250-square-foot Gristedes grocery store at 350 East 86th Street, on the Upper East Side, for $93 million. The acquisition was funded with a $55 million mortgage, Commercial Observer reported. The developer also owns the neighboring four- and five-story tenement buildings at 1645-1651 First Avenue. Combined with the new acquisition, the 20,650-square-foot assemblage now supports 206,500 square feet of new mixed-use development up to 210 feet above street level. The developer is apparently planning a 20-story, 200-plus-unit condominium project at the site, although there aren’t many details on it. Demolition permits haven’t been filed for any of the Extell-owned properties, but Gristedes is expected to vacate the premises later this year.

56 Fulton Street

23-Story, 120-Unit Mixed-Use Building Rises to 10th Floor at 56 Fulton Street, Financial District

4:00 pm on July 14, 2016 By Reid Wilson

Since rising above street level in March of 2016, the 23-story, 120-unit mixed-use project under development at 56 Fulton Street, on the corner of Cliff Street in the Financial District, has grown to 10 stories. The construction progress can be seen thanks to a photo taken by Tectonic. The 128,540-square-foot tower will eventually host 5,865 square feet of ground-floor retail space and 120 rental apartments, ranging from 450-square-foot studios to 1,250-square-foot two-bedrooms. Twenty percent of them, or 24 units, will rent at below-market rates through the housing lottery. Amenities include storage for 61 bikes, a fitness center, laundry facilities, a lounge, a dining room for events, a game room, and an outdoor terrace on the 23rd floor. The Parkland Group and Socius Development Group are the developers. Goldstein, Hill & West Architects is the design architect, with Andrés Escobar designing the interiors. Completion can probably be expected in early 2017.

Baldwin Redevelopment Site

Request for Proposals Launched for Mixed-Use Development at 107 Grand Avenue, Baldwin, Long Island

10:00 am on July 14, 2016 By Reid Wilson

The Town of Hempstead’s Department of Planning & Economic Development has launched a request for proposals (RFP) to develop a five-acre assemblage of dilapidating properties located at the northwestern corner of Merrick Road and Grand Avenue, in Baldwin. That’s in Nassau County, on the South Shore of Long Island. The aim is for mixed-use project, consisting of commercial space and residential apartments, according to LI Herald. Public recreational space is also part of the vision. The current stretch of street is made of vacant lots, and a mix of underutilized, vacant, and dilapidating single- and two-story commercial buildings. There appears to be bipartisan support for a mixed-use development this time around after similar attempt to build there failed last decade.

After Decades, Vacant Lot Finally Filled by Rowhome, at 55-35 Metropolitan Avenue, on Ridgewood/Maspeth Border

6:30 am on July 14, 2016 By Vitali Ogorodnikov

City blocks on the fringes between Queens and Brooklyn tend to be densely built out with low-rise, pre-war housing stock, leaving few empty lots for ground-up development. One such lot at 55-35 Metropolitan Avenue, which separates the neighborhoods of Ridgewood to the south and Maspeth to the north, has sat empty for more than half a century. The new rowhouse, developed by Shaoyun Chen, stands three stories tall, its plain cornice rising slightly above its neighbors. Permits list two residential units taking up 2,396 square feet of the 5,643-square-foot structure. A 1,623-square-foot retail space is located at the lower floor. Though the retail space would be the only one of its kind on the wholly-residential block, it is not out of place, given that most buildings on the other side of the street have ground level retail, as well. The building occupies 60 percent of its site, leaving space for a 35-foot yard in the rear.

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