Retail

Reveal for Six-Story, Five-Unit Mixed-Use Redevelopment at 242 Elizabeth Street, NoLIta

6:00 am on June 20, 2016 By Reid Wilson

A rendering has been posted on the site of the planned six-story, five-unit mixed-use redevelopment at 242 Elizabeth Street, in NoLIta. The black-and-white rendering comes as Ervolino Group begins construction to expand the site’s existing single-story commercial building, Bowery Boogie reported. The latest buildings permits indicate the project will measure 7,667 square feet, with 1,795 square feet of commercial-retail space planned on the ground floor, which will be leased to City Gym. Each floor above will contain a single residential unit, although the top unit, a duplex penthouse, will also contain space on an upper penthouse level. The apartments should average 1,174 square feet apiece, and a Crain’s report from 2014 states that the apartments will be luxury rentals. Amenities include private residential storage units and bicycle storage. Nabil Ishac’s Midtown South-based Ishac Design Architects is the architect of record. Completion can probably be expected closer to 2017.

353 Sixth Avenue, existing and proposed front

Landmarks Approves of Residential Conversion at 353 Sixth Avenue, Greenwich Village

7:30 am on June 17, 2016 By Evan Bindelglass

A structure dating back to the Civil War will be returned to residential use. The Landmarks Preservation Commission has approved a plan for 353 Sixth Avenue (a.k.a. 353 Avenue of the Americas), one which will see the structure grow a little.

Foundation Complete for 88-Story, 273-Unit Mixed-Use Tower at 125 Greenwich Street, Financial District

6:30 am on June 17, 2016 By Reid Wilson

Foundation work is now complete at 125 Greenwich Street, in the Financial District, the site of a planned 88-story, 273-unit mixed-use tower being developed by SHVO (headed by Michael Shvo), New Valley, and Bizzi & Partners Development. The concrete pit is now ready to make way for the tower portion, as seen in a photo by ILNY that was posted to the YIMBY Forums. The exact dimensions of building are not known, as the permits at the Buildings Department have yet to be amended, but we know it will rise 898 feet above street level (per Curbed NY) and will encompass roughly 450,000 square feet. There will be 20,000 square feet of retail space in its base and 16,000 square feet of residential amenities, including multiple terraces throughout the tower. The residential units will also be condominiums, ranging from studios to a triplex penthouse. Rafael Viñoly Architects is behind the design. Earlier this year, the developers were in the process of securing financing through various sources. Completion is expected in 2018.

Reveal for 900-Unit Mixed-Use Rheingold Brewery Redevelopment at 123 Melrose Street and 54 Noll Street, Bushwick

6:00 am on June 17, 2016 By Reid Wilson

Renderings have finally been revealed for All Year Management’s mixed-use development at 123 Melrose Street and 54 Noll Street, in western Bushwick, the site of the former Rheingold Brewery complex. The multi-block project, bound by Melrose and Stanwix streets and Evergreen and Flushing avenues, will feature 800 to 900 rental apartments and tens of thousands of square feet of retail space, according to Curbed NY. It’s being dubbed Bushwick II and will encompass around one million square feet. Roughly 20 percent of the apartments will rent a below-market rates through the affordable housing lottery. The developer acquired the plot for a combined $140.7 million over the past year. ODA New York is responsible for the design. New building permits have yet to reflect the latest plans. Two sprawling, single-story warehouse structures will have to be demolished.

Construction Wrapping on First 53-Story, 538-Unit Journal Squared Tower, 605 Pavonia Avenue, Jersey City

7:00 am on June 16, 2016 By Reid Wilson

Kushner Real Estate Group’s 53-story, 538-unit mixed-use building at 605 Pavonia Avenue, in the Journal Square section of Jersey City, is now fully clad. The tower’s construction crane has been removed, as seen in a photo posted on Instagram by the owners via the YIMBY Forums. The rental tower contains a very large parking garage as well as retail space. It’s the first of three towers in the Journal Squared mega-development, which includes additional 60- and 70-story sibling towers. The entire development will boast 1,838 residential units and 36,000 square feet of retail space. As for this first completed tower, which topped out in December of 2015, occupancy is expected by the end of this year. HWKN and Handel Architects are responsible for the design. The complex will be located a stone’s throw away from the neighborhood’s PATH station.

Demolition Progresses at Site of One Vanderbilt, 67-Story, 1.73-Million-Square-Foot Office Tower in Midtown East

6:30 am on June 16, 2016 By Reid Wilson

Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.

Foundation Work Underway At Seven-Story, 160-Unit Mixed-Use Project At 500 & 524 East 14th Street, East Village

6:00 am on June 16, 2016 By Reid Wilson

Foundation work is well underway at the site of Extell Development’s seven-story, 160-unit mixed-use development at 500 East 14th Street and 524 East 14th Street, in the East Village. Rebar can now be seen sprouting from the ground, as seen in photos in a EV Grieve update. Once complete, a seven-story, 106-unit building, encompassing 181,713 square feet, will be situated on the corner of Avenue A. A seven-story, 54-unit mixed-use building, measuring 71,719 square feet, will stand down the street at 524 East 14th Street. Across both, there will be 45,407 square feet of commercial-retail space on the ground and cellar levels. The apartments above should average 1,215 square feet apiece, which suggests condominiums are in the works.

34-Story, 84-Unit Mixed-Use Condo Tower Tops Out At 360 East 89th Street, Upper East Side

4:00 pm on June 15, 2016 By Reid Wilson

YIMBY last reported on the 34-story, 84-unit mixed-use building under development at 360 East 89th Street, on the corner of First Avenue on the Upper East Side, when it was six stories above street level in January. The 377-foot-tall, 212,325-square-foot tower, dubbed Citizen360, has since topped out, as seen in photos by our friend Tectonic. It will feature 3,265 square feet of retail space on the ground floor, followed by 84 condominium units, ranging from one- to four-bedrooms. The apartments should average a spacious 2,175 square feet apiece. Amenities include a 22-car automated parking garage, a residential lounge, a fitness center, bike storage space, private residential storage, a children’s playroom, an entertainment suite, and laundry facilities. Anbau Enterprises is the developer, while SHoP Architects is behind the design and architecture. Clodagh is responsible for the design of the interiors. Occupancy is expected in early 2017.

Six-Story, 82-Unit Steiner East Village Condos Top Out at 438 East 12th Street

1:00 pm on June 15, 2016 By Reid Wilson

Back in March, the six-story, 82-unit mixed-use building began to rise at the block-thru plot at 438 East 12th Street, in the East Village. The complex now appears to be topped out, according to photos by EV Grieve. Dubbed Steiner East Village, it is to encompass 151,943 square feet. That will include 8,376 square feet of ground-floor retail space and a 961-square-foot medical offices, also on the ground floor. Its 82 condominiums, averaging 1,315 square feet apiece, will come in one- to four-bedroom configurations. Amenities include a pool and spa, a gym, a library, a children’s playroom, a courtyard, and rooftop gardens. Douglas Steiner’s New Jersey-based Steiner Equities Group, doing business as their New York arm Steiner NYC, is the developer, while S9 Architecture is behind the design. Paris Forino is responsible for the interiors and Future Green Studio is the landscape designer. Completion can be expected in 2017.

30-Story, 83-Unit Mixed-Use Condo Tower Rises to Fourth Floor at 200 East 95th Street, Upper East Side

6:00 am on June 15, 2016 By Reid Wilson

YIMBY last brought you an update on the 30-story, 83-unit mixed-use building under development at 200 East 95th Street, at the corner of Third Avenue on the Upper East Side, when rebar was rising from the foundation in March. Now, the structure is four stories above street level and quickly rising, as seen in a photo by Tectonic via the YIMBY Forums. The 317,664-square-foot tower, dubbed The Kent, will eventually stand 367 feet above street level. It will feature 13,225 square feet of retail space on the ground and cellar levels. The apartments, which will be condominiums ranging from two- to five-bedrooms, should average roughly 3,000 square feet apiece. A list of residential amenities can be found in our last report. Extell Development is the developer, while Beyer Blinder Belle is behind the design. Completion is expected sometime in 2017.

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