Downtown

First Look At Eight-Story, 114-Unit Mixed-Use Project At 435 East 13th Street, East Village

11:00 am on February 8, 2016 By Reid Wilson

In the final days of 2014, YIMBY reported on applications for an eight-story, 114-unit mixed-use building at 435 East 13th Street (a.k.a 432-438 East 14th Street), in the East Village, and nearly a year later, crews demolished the site’s old two-story post office building. Now, EV Grieve has the first glimpse of the project, which will encompass 135,186 square feet and two buildings, per the latest filings. Located on both ends of the block-thru parcel, each building will feature 8,700 square feet of ground-floor retail space. The residential units will average 769 square feet apiece and 20 percent of them will rent at below market-rates. Benenson Capital Partners and Mack Real Estate Group are developing, and SLCE Architects is designing the project. Completion is anticipated for early 2017.

A rendering of the proposal for 46-74 Gansevoort Street as seen from the Whitney Museum of American Art. All renderings courtesy BKSK Architects.

Architects Tout Gansevoort Market Plan As Return to History

8:00 am on February 5, 2016 By Evan Bindelglass

In November, a plan for a commercial revitalization of the south side of a block of Gansevoort Street, in the Meatpacking District, went before the Landmarks Preservation Commission. In a rare, but hardly unheard of occurrence, the hearing was paused before the commissioners could discuss the proposal. With the continuation of that session likely to come soon, YIMBY sat down with the architects behind it to talk about its place in the history of the area.

Citigroup In Contract To Acquire Their 39-Story, 2.7-Million Square-Foot Headquarters At 388-390 Greenwich Street, TriBeCa

4:00 pm on February 4, 2016 By Reid Wilson

In early 2015, renderings were revealed of the planned renovations at Citigroup’s headquarters at 388-390 Greenwich Street, in TriBeCa, and now the company is in contract to acquire the the 39-story, 2.7-million square-foot office complex. According to Real Estate Weekly, Citigroup will purchase the properties from SL Green Realty Corp. for $2 billion. The renovations include connecting the tower portion at 388 Greenwich to the 10-story structure at 390 Greenwich. The transformation will include a new façade on large portions of the existing buildings, a single lobby that serves both sections, plaza renovations, a rooftop terrace, and amenities like a fitness center. The sale is expected to close in December of 2017 and renovations should be complete by 2019.

Four-Story Church At 126 Forsyth Street Seeking Partner For New Mixed-Use Building, Lower East Side

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

The Spanish Delancey Seventh Day Adventist Church, located at the four-story building at 126 Forsyth Street, on the corner of Delancey Street on the Lower East Side, is looking for a development partner that would demolish the existing structure for a new building. The 5,000 square-foot lot could accommodate a new mixed-use building of up to 32,500 square feet, where a maximum of 27,000 square feet could be used as residential space. The lot is subject to a 120-foot height cap, according to Curbed NY. The church is requiring the first three floors of the new building to be designed, owned, and operated by the church as a house of worship, although zoning allows for retail space to be built as well. It should be noted that the rest of the building could potentially end up being a hotel or office space if a developer chooses against building residential units.

Developer Plans Four-Story Office, Retail Conversion At 61-63 Crosby Street, SoHo

3:00 pm on February 3, 2016 By Reid Wilson

Chicago-based L3 Capital has acquired the four-story, 20,600-square-foot mixed-use property at 61-63 Crosby Street, in SoHo, for $42 million. The new owner plans to convert the building into office space, although the ground-floor will remain as retail space. The co-op building has seven apartments, which will all be vacated before the sale closes, according to The Real Deal. The property comes with 3,300 square feet of air rights, which could be used in an expansion. Any alterations to the buildings will have to be approved by the Landmarks Preservation Commission because they sit within the SoHo-Cast Iron Historic District Extension.

New Renderings Of Six-Story, 82-Unit Mixed-Use Project Underway At 438 East 12th Street, East Village

6:30 am on February 3, 2016 By Reid Wilson

Last summer, excavation kicked off at 438 East 12th Street, in the East Village, where a six-story, 82-unit mixed-use building is under development by Douglas Steiner. Then in December, the developer secured a $130 million construction loan for the project. The Real Deal now reports the project has received approval from the Attorney General’s office, putting the valuation of the project’s 82 units at $215 million. When completed in 2017, the 151,943 square-foot building will have 8,376 and 961 square feet of ground-floor retail and medical offices, respectively. The units above will average 1,315 square feet apiece, and will come in one- to four-bedroom layouts. The amenities, located on the ground and cellar levels, will include a pool and spa, a gym, a library, and a children’s playroom, as well as courtyard and rooftop gardens. Perkins Eastman affiliate S9 Architecture is the designing architect and Paris Forino is designing the interiors.

Extell Acquires Mixed-Use Development Site At 530 Sixth Avenue, Greenwich Village

6:00 am on February 3, 2016 By Reid Wilson

Extell Development has acquired the four-story, 17,000 square-foot commercial building at 530 Sixth Avenue, located on the corner of West 14th Street in Greenwich Village. According to Crain’s, the site could accommodate 126,750 square feet of residential space in the form of a new building. Zoning also allows for commercial and community space, and retail would more than likely be included in a new building. The developer acquired the property for an undisclosed amount from the Duell family, who has already sold a number of other properties around Manhattan to Extell chief Gary Barnett. Development plans have not yet been disclosed and the building’s commercial tenants remain operative for the time being.

Rendering of the roof view at 456 Washington Street. Exclusive to YIMBY.

Exclusive: New Renderings Of 456 Washington Street As TriBeCa Development Nears Finish Line

9:15 am on February 1, 2016 By Evan Bindelglass

The BKSK Architects-designed, Related-developed project at 456 Washington Street, in northwestern TriBeCa, is nearing the finish line. Listings launched this morning, and now we have exclusive new renderings of its amenities.

Seven-Story, 45-Unit Mixed-Use Redevelopment Filed At 150 Rivington Street, Lower East Side

3:00 pm on January 28, 2016 By Reid Wilson

Last December, Cogswell Realty filed exploratory plans for a mixed-use redevelopment of the former Streit’s Matzo Factory, spanning 148-154 Rivington Street on the Lower East Side. The brick buildings will be partially demolished down to the first floor, according to permits with the Department of Buildings. Bowery Boogie spotted additional filings that call for six floors to be built atop the single-story structure that would be left behind after demolition. There will be 45 residential units in total and retail space is expected to measure 10,219 square feet on the ground and cellar floors. The structure would be topped by a open roof terrace. GLUCK+ is the architect of record and likely designing the redevelopment.

NYU Langone Medical Center Closes Deal At Essex Crossing Location, Lower East Side

10:00 am on January 28, 2016 By Reid Wilson

Now that construction is getting underway on two buildings within the Essex Crossing mega-development on the Lower East Side, Site 6, located at 175 Delancey Street, will probably be the next to get started. Planned is a 14-story, 100-unit mixed-use building that will measure 177,950 square feet. New York University’s Langone Medical Center announced last summer it would be taking space in the new building, and The Lo-Down now reports a 15-year lease deal has been finalized for 55,000 square feet across three floors. The four-story podium will also contain 6,000 square feet of retail space. In addition, a 13,000 square-foot senior center will take up the fourth floor and will include a coffee shop called Think Grand Cafe. There will be 24,000 square feet of space for an education facility, although a tenant has not been selected. The base will be topped by a 4,000 square-foot outdoor garden and a 100-unit apartment tower. The residential units above will be rented exclusively to seniors.

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