Crown Acquisitions has purchased the three-story retail building at 144 Fulton Street, in the Financial District, for $25 million, according to New York Daily News. Plans for the property have not been disclosed, but the site is primed for redevelopment, and has some of the best transit access in New York, directly adjacent to the Fulton Center and just two blocks from the WTC Transit Hub.
The 10-story, 35-unit rental building at 189 Avenue C, in the East Village, is undergoing a condo conversion, according to EV Grieve. Douglas Elliman is marketing the units, and the first few are available for purchase and immediate occupancy. Existing tenants are not obligated to purchase their unit and can remain tenants without fearing eviction. Before the condos launched earlier this month, the building changed hands for $32.5 million.
A combination of landmarking and unusual manufacturing zoning have frozen Soho in the early 20th century, but every once in a while, a developer scoops up a non-contextual and underutilized property hidden among the cast iron 19th century facades. One of those builders, KUB Capital, has filed plans to erect an eight-story, six-unit building at 146 Wooster Street, between West Houston and Prince Street.
In June 2014, YIMBY revealed renderings of the office-to-residential conversion of the 10-story building at 11 Beach Street, in Tribeca, and now construction is well underway, per Curbed. An atrium has been carved out of the building’s center, and the converted structure will contain 27 three- to five-bedroom condominiums, averaging an impressive 3,975 square feet apiece. HFZ Capital is developing, while BKSK Architects is designing; interiors are being designed by Thomas Juul-Hansen. Completion is expected in 2016.
A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.
