Retail

Reveal for 24-Story, 62-Unit Mixed-Use Building Planned at 1050 Sixth Avenue, Midtown

6:00 am on June 24, 2016 By Reid Wilson

A rendering has been revealed of the planned 24-story, 62-unit mixed-use building under development at 1050 Sixth Avenue, located between West 39th and 40th streets, just below Bryant Park in Midtown. The reveal comes as Skyline Developers held a groundbreaking ceremony for the project earlier this week, as reported by Real Estate Weekly. The new building will encompass 62,886 square feet. It will feature 2,710 square feet of retail space on the ground floor, and its residential units, which will be rental apartments, should average 841 square feet apiece. Amenities include storage for 32 bikes, private residential storage, laundry facilities, a fitness center, and a tenant lounge. The building’s top unit will also include a private rooftop terrace, with a number of other units boasting balconies. SoHo-based Gene Kaufman is the architect of record. Completion is expected in late 2018. YIMBY first brought you news of the project when building applications were filed in December of 2014.

Construction Wrapping on 13-Story, 48-Unit Mixed-Use Building at 42-14 Crescent Street, Long Island City

3:00 pm on June 23, 2016 By Reid Wilson

Construction is wrapping up on the 13-story, 48-unit residential building under development at 42-14 Crescent Street, in the Court Square/Queens Plaza section of Long Island City. The structure’s exterior and façade elements have now been installed, as seen in a photo posted to the YIMBY Forums by JC_Heights. The building measures 44,061 square feet and its residential units, which will be rental apartments, should average 816 square feet apiece. It will also contain 740 square feet of ground-floor retail space. Amenities include private residential storage units, storage for 23 bikes, laundry facilities, a fitness center, indoor and outdoor recreational areas on the ground floor, and a rooftop deck. Meadow Partners is the developer, while John Fotiadis Architect is behind the design. It was only in February that the project topped out. Occupancy is likely within the next few months.

City Council Approves Rezoning Proposal Allowing Pedestrian Arcade-to-Retail Conversions Along Water Street, Financial District

1:00 pm on June 23, 2016 By Reid Wilson

Earlier this week, the City Council voted to approve a rezoning proposal that would allow landlords of the commercial properties with public pedestrian arcades along Water Street, between Fulton and Whitehall streets in the Financial District, to convert the arcades into retail space in exchange for renovating adjacent public plazas. The total amount of space that could be converted spans 110,000 square feet across 20 buildings, DNAinfo reported. The rezoning requires retail conversions of greater than 7,500 square feet to be approved through the city’s Uniform Land Use Review Procedure (ULURP). It also limits the amount of street frontage chain banks and drugstores can take up, and requires the entire height of the arcade to be built out. Future renovations to the existing public plazas in the area could include new seating and planters, among other upgrades.

3 World Trade Center, June 2016. Credit: Joe Woolhead

3 World Trade Center Tops Out This Morning

8:00 am on June 23, 2016 By Evan Bindelglass

The building of the new World Trade Center is about to take one big step closer to completion. 3 World Trade Center, the fourth office tower to be rebuilt following the terrorist attacks of September 11, 2001, will be topped out later this morning.

Office-Retail Renovation Underway at 12-Story, 61,000-Square-Foot Building, 3 East 28th Street, NoMad

6:00 am on June 23, 2016 By Reid Wilson

The vacant, 12-story former manufacturing building at 3 East 28th Street, in NoMad, is now receiving a $20 million gut-renovation. The 61,325-square-foot structure is being upgraded and modernized to accommodate office and retail tenants, Commercial Observer first reported, and YIMBY has renderings of the project.

Foundation Work Underway for 35-Story, 67-Unit Mixed-Use Tower at 200 East 59th Street, Midtown East

10:00 am on June 22, 2016 By Reid Wilson

YIMBY can now bring you news that foundation work is underway at 200 East 59th Street, at the corner of Third Avenue on the northern edge of Midtown East, courtesy of photos posted to the YIMBY Forums by Vertical_Gotham. It’s the site of a 35-story, 67-unit mixed-use building being developed by Macklowe Properties, which YIMBY recently revealed a full rendering for last week. As reported earlier, the 490-foot-tall tower will measure 109,581 square feet, of which 14,861 square feet will be utilized for retail space on the cellar through second floors. The apartments above, which will be condominiums, should average 1,490 square feet apiece. Amenities include storage for 36 bikes, a lounge, a terrace on the third floor, and a fitness center. CetraRuddy is behind the architecture. Completion is expected in late 2017.

Cantilever Takes Shape for 12-Story, 38-Unit Mixed-Use Building at 100 Norfolk Street, Lower East Side

4:00 pm on June 21, 2016 By Reid Wilson

Construction is now ongoing on the eighth-floor cantilever of the 12-story, 38-unit mixed-use building under construction at 100 Norfolk Street, on the Lower East Side. Steel beam construction can be seen in photographs via a Bowery Boogie update. The structure will eventually measure 53,949 square feet, with 11,244 square feet designated as commercial-retail space on parts of the ground through third floors. The residential units, ranging from studios all the way up to a five-bedroom penthouse, will be condominiums and should average 1,124 square feet apiece. Amenities include a fitness center, a yoga room, a common rooftop deck, a garden lounge, private residential storage, and bike storage. Adam America Real Estate, the Naveh Shuster Group, and the Horizon Group are the developers, while ODA New York is behind the architecture. The structure has grown four stories since YIMBY’s last update in December 2015. Completion is expected before 2017.

Two-Story, 22,000-Square-Foot Retail Building Planned at 114 West 125th Street, Harlem

1:00 pm on June 21, 2016 By Reid Wilson

Meatpacking District-based Saab Management Company has filed applications for a new two-story, 22,347-square-foot commercial-retail building at 114 West 125th Street, in Harlem. The structure will feature retail space on both floors, with tenant storage space located in the cellar level. Adrian R. Figueroa’s Hudson Square-based SRA Architecture + Engineering is the architect of record. The project would rise on a 30-foot-wide, 3,000-square-foot plot currently occupied by a dilapidated retail structure, most recently leased to Olympic Town. Demolition permits were filed in February. The site is adjacent to the newly completed six-story retail complex at 100 West 125th Street.

12-Story, 155-Unit Mixed-Use Complex Proposed at 432 East 14th Street, East Village

4:00 pm on June 20, 2016 By Reid Wilson

Benenson Capital Partners and Mack Real Estate Group have proposed a 12-story, 155-rental-unit mixed-use complex at the site of the former Peter Stuyvesant Post Office, at 432 East 14th Street in the East Village. The developers have applied for a variance with the Board of Standards and Appeals in attempt to build four stories higher than zoning allows, DNAinfo reported. The latest permits with the Buildings Department reflect the proposal. If the variance is granted, 9,131 square feet of retail space would be located on the ground and cellar levels. The residential units should average 743 square feet apiece, with 31 of them to rent at below-market rates. Amenities include bike storage space, private residential storage, a fitness center, laundry facilities, and multiple other “recreational rooms.” If the variance isn’t granted, YIMBY assumes the developer will move forward with previously filed plans, which call for an eight-story, 114-unit complex. SLCE Architects is the architect of record. Earlier this year, the first rendering was revealed of the eight-story project.

Eight-Story, 36-Unit Mixed-Use Project Rises to Sixth Floor at 24-12 42nd Road, Long Island City

3:00 pm on June 20, 2016 By Reid Wilson

Ampiera Group’s eight-story, 36-unit mixed-use project under construction at 24-12 42nd Road is now six stories above street level, as seen in photos taken last Friday by JC_Heights and posted to the YIMBY Forums. The structure will eventually encompass 49,050 square feet. It will include 4,328 square feet of ground-floor retail space and will host condominium units averaging 817 square feet apiece. Amenities will include private residential storage units, bicycle storage space, outdoor space on the second floor, and a rooftop terrace. John K. Yung’s Flushing-based MY Architect is behind the design. In April, the structure was having its ground floor poured and had risen five stories in height. The structure can be expected to top out later this summer, with occupancy probably coming for sometime in late 2016 or early 2017.

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