Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.
A collection of vacant lots in southern Bushwick is about to become housing. Applications have been filed to put up a five-story apartment building at 984 Madison Street, between Broadway and Bushwick Avenue.
A rendering has been posted at the site of the nine-story, 48-key hotel planned at 145-07 95th Avenue in downtown Jamaica. Since YIMBY reported on the project’s initial filings in June 2015, the Buildings Department has approved the plans, which call for a 23,389-square-foot structure that will rise 84 feet above street level to its roof, not including the bulkhead.
Construction is now six floors above street level on the 17-story, 50-unit mixed-use building under development at 232 Seventh Avenue, located between West 23rd and 24th streets in Chelsea. The latest photo is courtesy of photographer Tectonic. The most recent building permits indicate the project will measure 53,135 square feet with a roof rising 170 feet above street level. There will be 2,424 square feet of retail space across the ground and cellar levels, followed by residential units on the second through 16th floors. The units will be rental apartments and should average 798 square feet apiece. An anonymous Chelsea-based LLC is the developer and C3D Architecture is behind the design. Completion is expected in 2017.
Tribeca Associates is currently conducting a $30 million renovation of the 47-story, 470,000-square-foot office tower, known as the Continental Bank Building, at 30 Broad Street in the Financial District. Architecture firms Montroy Andersen DeMarco and Jun Aizaki Architecture & Design are behind the renovation.
