Retail

Two-Story, Multi-Use Commercial Project Coming to 162-31 Depot Road, Murray Hill, Queens

11:00 am on April 13, 2016 By Reid Wilson

Property owner Junghyun Park has filed applications for a two-story, 5,077-square-foot, multi-use commercial project at 162-31 Depot Road, in Queens’s Murray Hill, located right across from the Broadway station on the Long Island Rail Road. The new building will contain 1,720 square feet of retail space on the ground and cellar levels, in addition to 1,692 square feet of medical offices on a first-floor mezzanine level and the second floor. Duk Gyoo Lee’s Flushing-based TL Engineering is the applicant of record. The 24-foot-wide, 1,816-square-foot site is has long sat vacant.

Seven-Story, 22-Unit Mixed-Use Building Tops Out at 525 Myrtle Avenue, Clinton Hill

10:00 am on April 13, 2016 By Reid Wilson

In July of 2014, FBS Realty, doing business as Jackson Heights-based Manhasset Homes USA, filed applications for a seven-story, 22-unit mixed-use building at 525 Myrtle Avenue, in northern Clinton Hill, located six blocks from the Clinton-Washington Avs stop on the G train. The 26,688-square-foot structure has now topped out, according to the Myrtle Avenue Brooklyn Partnership. The ground floor will feature 2,143 square feet of retail space – to be sold as a single retail condo – and a 512-square-foot doctors office. The residential units, which begin on the second floor, should average 777 square feet apiece. Jamaica-based Gerald Caliendo is the architect of record. Completion can be expected closer to 2017.

Opening of Renovated George Washington Bridge Bus Station in Washington Heights Pushed Back to December

6:30 am on April 13, 2016 By Reid Wilson

Back in October of 2014, multiple retail tenants were revealed for spaces in the renovated George Washington Bridge Bus Station, located in between West 178th Street and West 179th Street in Washington Heights. At the time, it was set to fully open in 2015. Construction on the terminal has been further delayed, pushing the opening date to December of 2016, according to DNAinfo. The Port Authority of New York & New Jersey and a partnership between SJM Partners and Slayton Ventures expects portions of the terminal to open to the public in phases, with tenants moved in before 2017. The property will see its retail space expanded from 30,000 to 120,000 square feet across three levels, and retailers include GAP, Marshalls, Blink Fitness, Buffalo Wild Wings, Café 178th Street, Time Warner, GWB Juice Bar, VS Berry Frozen Yogurt, First Financial, and many other shops, eateries, and services. The terminal currently serves to connect NJ Transit buses and other carriers to the A/1 subways and MTA buses.

Five-Story, 27-Unit Mixed-Use Project Gets Glassy at 533 Myrtle Avenue, Clinton Hill

11:00 am on April 12, 2016 By Reid Wilson

Back in December of 2014, Brownstoner revealed renderings of the planned five-story, 27-unit mixed-use building at 533 Myrtle Avenue (a.k.a. 531 Myrtle Avenue), in Clinton Hill. Now, the project has topped out and curtain wall installation is underway, according to the Myrtle Avenue Brooklyn Partnership. There will be 5,868 square feet of commercial-retail space on the ground and cellar levels. The residential units will begin on the second floor and should average 684 square feet apiece, indicative of rental apartments. Amenities include bike storage space, a fitness center, a refuse room, and a 982 square-foot rooftop terrace. Greystone Property Development is the developer and AB Architekten is behind the design. Completion can probably be expected later this year.

Flank Purchases Mixed-Use Development Assemblage at 314-326 Wythe Avenue, Williamsburg

10:00 am on April 12, 2016 By Reid Wilson

Last week, Chelsea-based developer and design firm Flank acquired the development assemblage at 41-53 South 3rd Street, in Williamsburg, and now the firm is purchasing another assemblage of properties two blocks to the north. Frank is paying $21.6 million for the two-story building at 70 Grand Street, the corner lot at 72 Grand Street, and the single- and two-story buildings at 314-326 Wythe Avenue, according to the Wall Street Journal. The property assemblage could accommodate 26,904 square feet of new development if the current structures are demolished. Current plans call for the renovation of some of the buildings, in addition to the construction of new ones (which means something is likely to be demolished). The program will include residential units, office space, and retail.

62-Story, 844-Unit Residential Building Three Manhattan West Tops Out in Midtown West

6:30 am on April 12, 2016 By Reid Wilson

In July of 2015, the 62-story, 844-unit residential building under development at 401 West 31st Street, in Midtown West, was a single floor above the street level. Now, the 807,384-square-foot building, dubbed Three Manhattan West, has topped out, Curbed NY reports. The 702-foot-tall structure will host 7,931 square feet of retail on the ground floor, followed by amenities on the second and third floors, and residential units on the fourth through 62nd floor. The rental apartments should average 877 square feet apiece, with 169 of them renting at below-market rates through the housing lottery. Brookfield Properties is the developer with Skidmore, Owings & Merrill behind the design and SLCE Architects serving as the architect of record. Completion is expected in fall 2017, though occupancy is expected earlier.

Three-Story, Eight-Unit Mixed-Use Building Planned at 841A Morris Park Avenue, Van Nest

6:00 am on April 12, 2016 By Reid Wilson

Bronx-based property owner Nissan Cohen has filed applications for a three-story, eight-unit mixed-use building at 841A Morris Park Avenue, in Van Nest, located eight blocks from the Bronx Park East stop on the 2/5 trains. The structure will encompass 10,130 square feet and will feature 1,336 square feet of ground-floor retail space, in addition to a 389 square-foot doctors office, also located on the ground floor. The residential units will be located on the second and third floors and will average a rental-sized 714 square feet apiece. Jamaica-based Gerald Caliendo is the architect of record. The 51-foot-wide, 4,914-square-foot lot is currently vacant.

1601 Kings Highway, rendering by Murdock Solon Architects

New Look: 1601 Kings Highway, Office Space and Retail in Sheepshead Bay

8:00 am on April 11, 2016 By Rebecca Baird-Remba

Neighborhoods like Midwood and Sheepshead Bay are a largely untapped market for commercial development. But developers are starting to realize that there’s growing demand for new office space in heavily trafficked shopping corridors near the subway, even in southern Brooklyn. One property owner near the northern border of Sheepshead Bay took the plunge in 2014 and decided to demolish a few two-story commercial buildings at 1601 Kings Highway.

Reveal for Eight-Story, 67-Unit Apartment-Hotel at 138-142 Bowery, Little Italy

6:30 am on April 11, 2016 By Reid Wilson

Back in September of 2015, YIMBY reported on applications for an eight-story, 67-unit apartment-hotel at 138-142 Bowery, in Little Italy. Now, Bowery Boogie has revealed renderings of the project and has reported that demolition of the site’s existing two- and three-story structures has been completed. The new building will encompass 53,088 square feet, and will host 46 hotel rooms and 21 residential units. There will be commercial-retail space on the cellar, ground, and mezzanine levels, so it’s difficult to estimate the size of the hotel rooms. The apartments will span the sixth through eights floors and should average a rental-sized 658 square feet apiece. Emmut Properties is the developer and New Jersey-based Schneider Associates is serving as the applicant of record. Completion is expected in 2017. The developer closed on the development assemblage last October for $47 million.

Developer Completes Assemblage for Two-Building Residential Complex at 123 Melrose Street & 54 Noll Street, Bushwick

6:00 am on April 11, 2016 By Reid Wilson

In October of 2014, YIMBY reported on applications for an eight-story, 385-unit residential building at 123 Melrose Street, the site of the former Rheingold Brewery complex in western Bushwick, located three blocks from the Myrtle Avenue stop on the J/M/Z trains. All Year Management has now acquired a piece (28 Stanwix Street) of the mega-block development site – bound by Evergreen Avenue and Stanwick, Melrose, and Noll streets – from Princeton Holdings and Read Property Group for $72.2 million, The Real Deal reported.

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