Retail

504 Myrtle Avenue

Eight-Story, 141-Unit Mixed-Use Building Rises at 504 Myrtle Avenue, Clinton Hill

In December of 2014, YIMBY reported on applications for an eight-story, 141-unit mixed-use building at 504 Myrtle Avenue, in northern Clinton Hill, and then renderings were revealed of the project in 2015. Now, construction is underway on the second floor of the structure, according to the Myrtle Avenue Brooklyn Partnership. The new building will measure 113,898 square feet, of which 20,023 square feet of space on the ground floor will be used for retail. Twenty-eight of the apartments will rent at below-market rates through the housing lottery, and building’s amenities include a 95-car parking garage in the cellar, a fitness center, and an outdoor terrace on the second floor. Silverstone Property Group and Madison Capital Realty are the developers, and HTO Architects is behind the design. Completion can probably be expected in 2017.


27-21 44th Drive

27-Story, 120-Unit Mixed-Use Building Rises To 16th Floor At 27-21 44th Drive, Long Island City

In August of 2015, foundation work kicked off for the 27-story, 120-unit mixed-use building at 27-21 44th Drive, in the Court Square section of Long Island City. Now, the project is 16 stories above street level and rising, The Court Square Blog reports. It will eventually encompass 144,687 square feet, 5,850 square feet of which will be utilized as ground-floor retail space. The residential units above should average 883 square feet apiece, which means they could be either rental apartments or condominiums. Amenities include a 28-car garage in the cellar, bike storage space, a fitness center, a playroom, and an outdoor recreation area with an indoor lounge on the top floor. Silvercup Properties is the developer, while GF55 Partners is handling the design. Completion is expected in late 2017.


133 Greenwich Street

Construction Wraps on 30-Story, 317-Key Courtyard Marriott Hotel at 133 Greenwich Street, Financial District

It was in March of 2015 when YIMBY last brought you a construction update on the 30-story, 317-key Courtyard Marriott under development at 133 Greenwich Street, in the Financial District. At the time, the project was 18 stories above street level. Since then, the structure has topped out and has received much of its façade elements, as seen in photos by Tectonic. The building’s windows are all in place and paneling is currently being installed on its southern face. In all, the building measures 151,282 square feet. There will be retail space on the ground floor, with the hotel taking up the rest of the building. A fitness center will be located in the cellar, followed by a restaurant on the sixth floor, and a rooftop bar and terrace on the 28th floor. Hidrock Properties is the developer, while Danny Forster Design Studio being responsible for the design, with Peter Poon Architect serving as the architect of record. Completion can be expected later this year.


2255 Broadway

18-Story, 32-Unit Mixed-Use Condo Project Filed At 2255 Broadway, Upper West Side

In March, Alchemy Properties and Carlyle Group acquired, for $51 million, the three-story retail building at 2251-2259 Broadway, on the corner of West 81st Street on the Upper West Side, with plans to build a condominium project. The developer have now filed applications for an 18-story, 32-unit mixed-use building, as first reported by The Real Deal. The 209-foot-tall project will measure 123,493 square feet, of which 11,587 square feet will be designated to retail space on the cellar, ground, and second floors. The condos should average a spacious 2,617 square feet apiece, and amenities include a 39-bike storage room, private residential storage space, multiple lounges, and a rooftop terrace. Goldstein, Hill & West Architects is serving as the architect of record.


20 Broad Street

33-Story, 521-Unit Mixed-Use Conversion Filed for 20 Broad Street Office Tower, Financial District

In December of 2015, Nathan Berman’s MetroLoft Management purchased the leasehold on the 27-story, 473,000-square-foot office building at 20 Broad Street for $185 million from Vornado Realty Trust, with plans to convert the property into residential units. Now, the developer has filed applications for the project, which call for vertically expanding the building by six stories, or 38,098 square feet, to 33 floors. That would boost the structure’s height from 317 feet to 417 feet. There will be 521 residential units, measuring an average of 795 square feet apiece. The apartments will be rentals, and roughly 200 will be studios, with the rest ranging from one- to three-bedroom configurations.

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