Retail

1959 University Avenue

New 10,000 Square-Foot Retail Building Filed For 1959 University Avenue, University Heights

Sopher Realty has filed applications for a single-story, 9,745 square-foot commercial-retail building spanning the lots at 1953-1965 University Avenue, in University Heights. Howell Belanger Castelli Architects is designing, and the existing single-story retail structure most recently passed pre-demolition inspection late in March. The site’s current structure was involved in a fire late last year, according to DNAinfo.


224 West 57th Street

10-Story Office Building Across From Nordstrom Tower Acquired for $213.8 Million

Eretz Group has acquired the 10-story, 170,000 square-foot office and retail building at 224 West 57th Street — across from Extell’s planned Nordstrom Tower, in Midtown — for $213.8 million. The building is landmarked, and after being acquired for $85 million in 2010, it underwent a $50 million renovation designed by Tirmizi Campbell. Per The Real Deal, the non-profit Open Society Foundations currently leases a majority of the building.


242 Bedford Avenue

Whole Foods Building At 242 Bedford Avenue Receives Glassy Façade, Williamsburg

In January, Brownstoner reported that the new two-story Whole Foods building had topped out at 242 Bedford Avenue in Williamsburg, and now Gothamist has the latest with photos of façade installation. The 50,000 square-foot building appears to have received a redesign, which notably includes a cleaner and more modern glass envelope. Aurora Capital Associates and Midtown Equities is developing, and completion is opening is expected in Spring of 2016.


333 Johnson Ave

Commercial Conversion of Industrial Properties Planned at 333 Johnson Avenue, East Williamsburg

Normandy Real Estate Partners and Princeton Holdings LLC have acquired the 160,000 square-foot low-rise industrial property at 333 Johnson Avenue in East Williamsburg for $26.75 million. The complex will be converted into a mixed-use commercial complex, featuring offices and retail. DNAinfo also reports the inclusion of a 40,000 square feet of outdoor space, and completion is expected in early 2016.


321 Starr Street

Cayuga Capital To Transform 321 Starr Street Into Retail Building, Bushwick

DNAinfo reports Cayuga Capital acquired the single-story warehouse building at 321 Starr Street, at the northern tip of Bushwick, for $9 million, and plans to expand the building to accommodate multiple commercial tenants. MetroRock Climbing is already expecting to open a 23,000 square-foot facility in the building in spring of 2016, and future tenants will be revealed later on.


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