Retail

Construction Wraps on Six-Story, 44,000-Square-Foot Retail Building at 529 Broadway, SoHo

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

In September of 2013, the Landmarks Preservation Commission (LPC) approved the design for a six-story, 44,243-square-foot commercial-retail project at 529 Broadway, located on the corner of Spring Street in SoHo. The site, along with much of the neighborhood, is located within the SoHo-Cast Iron Historic District, which means projects are subject to LPC approval. Construction at the building, technically an expansion of an existing two-story structure, is now wrapping up, as seen in photos by Tectonic. The new structure has already received a majority of its curtain wall and work is likely now focused on the interior. When it opens later this year, the entire building will be leased as retail space. BKSK Architects designed the building, and Aurora Capital Associates, Wharton Properties, Thor Equities, and the Adjmi family are the developers.

1873 Starr Street/176 Woodward Avenue, rendering by Aufgang Architects

New Developers To Build Five-Story, 130-Unit Residential Project At 1873 Starr Street, Ridgewood

11:00 am on March 21, 2016 By Reid Wilson

In October of 2015, YIMBY reported on applications for a five-story, 130-unit residential building at 1873 Starr Street, in western Ridgewood, located five blocks from the Jefferson Street stop on the L train. Now, Slate Property Group has sold the development site to Valyrian Capital and MGM Property Group for $18.5 million, according to Real Estate Weekly. The new owners plan to move forward with the approved project, which measures 141,929 square feet in total and will include 5,009 square feet of ground-floor retail space along with 3,000 square feet of community facility space. The apartment units should average 650 square feet apiece, with 45 of them to be rented at below-market rates. Amenities include a gym, a roof deck, a laundry room, and a garage for 64 bikes and 65 cars. Aufgang Architects is designing the building.

Five-Story, 57,800-Square-Foot Office Conversion Planned At 815 Broadway, Bushwick

10:00 am on March 21, 2016 By Reid Wilson

Property owner Transition Acquisitions is planning to convert the five-story, 57,800-square-foot former Globe Exchange Bank building, located at 815 Broadway in far-western Bushwick, into office space, Commercial Observer reports. The property is currently vacant and boasts 41,673 square feet of commercial space. According to the Schedule A, 15,600 square feet of retail space will span the ground floor, medical offices will be located in the cellar level, and the rest of the building will full-floor contain office spaces. Boaz Golani’s Bronx-based BMG Design Build is the architect of record. The current owner acquired the building in July of 2015 for $15.1 million and the conversion is expected to be complete in the spring of 2017.

BIG Plans Revealed For Two Penn Plaza Transformation

8:00 am on March 16, 2016 By Nikolai Fedak

Among the numerous hulking eyesores in New York City, Two Penn Plaza manages to make a particularly negative impact, and its placement above Penn Station helps cement the latter’s status as an architectural failure. But now we have a first look at plans to transform the structure completely, created by Bjarke Ingels Group/BIG for developer Vornado.

Construction Update: 52 Wooster Street, SoHo

7:30 am on March 15, 2016 By Evan Bindelglass

When YIMBY last reported on the six-story, five-unit residential project at 52 Wooster Street, located at the corner of Broome Street in the SoHo-Cast Iron Historic District, a teaser site had just been launched. Now, thanks to photos from our friend Tectonic, we can see that much more has been accomplished.

Industry City’s Proposed Rezoning Will Include Retail, Two Hotels, But No Dormitory, Greenwood

3:00 pm on March 11, 2016 By Reid Wilson

A year ago, news broke that Jamestown, Belvedere Capital, and Angelo Gordon announced plans to infuse $1 billion to renovate and redevelopment parts of the the 16-building, six-million-square-foot industrial complex, dubbed Industry City, located west of the Gowanus Expressway, in Greenwood. Crain’s now reports the developers are scrapping plans to build a 150,000-square-foot student dormitory at the 32-acre site. The complex’s proposed rezoning still includes the construction of significant retail space and two hotel buildings. Renovation work currently under way includes new windows, elevators, and interiors, and the complex is presently home to manufacturing uses and office space of a variety of sorts. The developers expect to begin the city’s Urban Land Use Review Procedure (ULURP) before 2017.

Construction Underway At Bottega Veneta’s 740 Madison Avenue Boutique, Upper East Side

6:30 am on March 11, 2016 By Vitali Ogorodnikov

Construction of the 24,000-square-foot Bottega Venetta boutique store is in full swing at the intersection of Madison Avenue and East 64th Street. The retailer will occupy 740 Madison Avenue along with 23 and 25 East 64th Street. It acquired the property from the Wildenstein family of international art dealers in the fourth most expensive lease of 2014, with an estimated rent of $8 million. Sitting one block east of Central Park and a few blocks north of the Billionaires’ Row rising along 57th Street, the site is within the Upper East Side Historic District, meaning that the developer had to engage in a delicate design and approval process before starting work on the three 19th century buildings.

15,000 Square Feet Of Retail Space Planned At 40-09 29th Street, Long Island City

11:00 am on March 9, 2016 By Reid Wilson

Forest Hills-based property owner Kyong I. Park has filed applications for two two-story commercial-retail buildings at 40-09 – 40-11 29th Street, in the Queens Plaza section of Long Island City, located three blocks north of the elevated tracks for the E/M/R/7 subway lines. The northern building at 40-09 29th Street will measure 10,012 square feet and the other building will measure 9,212 square feet. There will be 14,907 square feet of commercial space across both buildings, and the Schedule A notes both will be used as retail space. Iljoong Kim’s Flushing-based Chio Design Consulting is the applicant of record. A two-story house at 40-09 29th Street and the Korean Philippo Church at 40-11 29th Street must first be demolished. Permits have not yet been filed to do so.

Less Overhang Paves Way for Landmarks Approval of Mixed-Use Tower at 77 Greenwich Street

8:00 am on March 9, 2016 By Evan Bindelglass

A 35-story mixed-use project in the Financial District can now go forward, thanks to approval from the Landmarks Preservation on Tuesday. The project is at 77 Greenwich Street (a.k.a. 42 Trinity Place) and needed LPC approval because it would cantilever over the Robert and Anne Dickey House, an individual landmark immediately to the south at 67 Greenwich Street (a.k.a. 28-30 Trinity Place). The changes to the design weren’t too dramatic and one of them was described as a “no-brainer” by the LPC chair.

Two Four-Story, Four-Unit Mixed-Use Buildings Filed At 37-11 103rd Street, North Corona

10:00 am on March 4, 2016 By Reid Wilson

Queens-based property owner Choi Yui Chan has filed applications for two four-story, four-unit mixed-use buildings at 37-11 – 37-15 103rd Street, in North Corona, located two blocks north of the 103rd Street – Corona Plaza stop on the 7 train. Each of the new structures will measure a total 8,048 square feet and include 1,317 square feet of ground-floor retail or restaurant space. Both buildings will have fifth-floor penthouses, with two units on the second floor and the other two units spread across the third and fourth floors. The apartments will average 1,040 square feet apiece, indicative of condominiums. Robert H. Lin’s Flushing-based A&T Engineering is the applicant of record. The site is currently occupied by two townhouses, for which demolition permits have not yet been filed.

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