Flushing-based Marx Development Group reacquired, for $35 million, the development assemblage at 450 Eleventh Avenue, located on the corner of West 37th Street in the Hudson Yards District, in 2013. Since then, the developer purchased 35,550 square feet of development rights for $7 million, and now new details of the planned hotel have been revealed by The Real Deal. Planned is a 42-story, 440-key Starwood Hotels & Resorts Worldwide hotel. The tower will measure roughly 213,300 square feet and will feature 3,000 square feet of ground-floor retail space. DSM Design Group is designing the project. Groundbreaking is expected later this year, and opening is slated for 2019. Two low-slung commercial buildings – at 448-452 Eleventh Avenue – must first be demolished.
Back in June of 2015, YIMBY revealed initial renderings of the 52-story, 141-unit residential tower planned at 281 Fifth Avenue, located at the corner of East 30th Street in NoMad. Although the latest filings still describe the same building, Curbed NY now has a new partial rendering depicting the façade of a 55-story, 130-unit tower on the corner site. The latest diagrams indicate the the 266,963-square-foot tower will rise 728 feet above street level. It will contain 7,927 square feet of retail space across the cellar, ground, and second floors, followed by residential amenities on the third through seventh floors. The residential units above will be condominiums, averaging 1,611 square feet apiece.
Brooklyn-based property owner Yong Lin has filed applications for a four-story, six-unit mixed-use building at 2173 65th Street, in Mapleton, located three blocks from the Bay Parkway stop on the N train. The structure will measure 4,417 square feet, and will include an 871-square-foot retail space on the ground floor. The residential units above should average a rental-sized 591 square feet apiece, and amenities will include a laundry located in the cellar. Benjamin B. Lam’s Queens-based Lam & Lam Engineering is the applicant of record. The 24-foot-wide, 2,400-square-foot lot is currently vacant. The site’s predecessor, a two-story house, was demolished back in 2006.
The Landmarks Preservation Commission, on Tuesday, issued a decision that paves the way for construction of Brooklyn’s new tallest tower, which will be located at 340 Flatbush Avenue Extension, on the same block as Junior’s.
Midtown South-based Louise Paris Ltd. has filed applications for a four-story, 42,786-square-foot mixed-use building at 2429 Jerome Avenue, in University Heights, located directly below the Fordham Road stop on the 4 train. The structure would feature 7,640 square feet of ground-floor retail space, as well as a 24,956-square-foot school. The ground floor will host the school’s lobby, followed by classrooms on the second through fourth floors, and a playground on the rooftop. Mansukhbhai Patel’s New Jersey-based Vista Engineering Corp. is the applicant of record. An assemblage of five buildings – two three-story structures and two single-story buildings – at 2421-2431 Jerome Avenue must first be demolished.