East River

Mayor de Blasio Unveils Development Plans for Applied Life Sciences Campus Along East River

6:30 am on December 15, 2016 By Reid Wilson

Mayor Bill de Blasio has disclosed development plans for the Applied Life Sciences Campus, to be built at an undetermined site located along the East River, either in Manhattan or Queens. The city is expected to pump $100 million into the project, Commercial Observer reported. The facility would be geared towards research, development, and training in bioengineering. The New York City Economic Development Corporation (NYCEDC) is anticipating to release a request for expressions of interest next year, with a goal to complete the project by 2021.

57-46 56th Street

Mixed-Use Development Considered for Industrial Site at 57-46 56th Street, Maspeth

6:00 am on December 15, 2016 By Reid Wilson

The Chetrit Group is in the early stages of planning for a mixed-use project that would rise on the irregularly-shaped, eight-acre property at 57-46 56th Street, in Maspeth. The developer previously sat down with local elected officials to discuss rezoning the property for residential units, according to Crain’s, which would trigger the city’s Uniform Land Use Review Procedure (ULURP), as the site is currently located within an Industrial Business Zone (IBZ) and zoned for manufacturing. Nothing yet has been formally proposed. Multiple low-rise industrial warehouses occupy the property.

259 Clinton Street

Revealed: Proposed 62-Story, 732-Unit Mixed-Use Tower at 259 Clinton Street, Lower East Side

2:00 pm on December 14, 2016 By Reid Wilson

Renderings have been revealed of the proposed 62-story, 732-unit mixed-use tower at 259 Clinton Street, a.k.a. 271 South Street, on the Lower East Side. The latest plans, presented earlier this week, have the new building rising 724 feet in height. It would include 2,500 square feet of ground-floor retail space. the Lo-Down reported. Twenty-five percent, or 183 units, would be designated as permanent affordable housing, of which roughly 100 would be set aside for low-income seniors. The Starrett Corporation is the developer and Perkins Eastman is behind the architecture. The project must go through an environmental review with the Department of City Planning. Construction is tentatively expected to begin in 2018. The site is currently vacant.