1800 Park Avenue

Developer in Contract to Acquire Mixed-Use Site at 1800 Park Avenue, East Harlem

1:00 pm on June 3, 2016 By Reid Wilson

Back in October of 2014, YIMBY revealed new renderings of the previously planned 32-story, 682-unit mixed-use project at 1800 Park Avenue, located between East 124th and 125th streets in East Harlem. Then last year, the project’s developer, the Continuum Company, decided to sell the site. Earlier this year, the Continuum defaulted on their loan on the property, and now the creditor, the Durst Organization, is in contract to acquire the site for nearly $100 million, The Real Deal reported. It wasn’t disclosed what Durst plans to do with the property. Continuum technically poured a part of the building’s foundation before the 421-a tax abatement expired, so the project remains eligible. Amended new building permits currently describe a 24-story, 670-unit project encompassing 694,000 square feet. Featured is 73,460 square feet of commercial space and 46,250 square feet of community facility space on the cellar through third floors. ODA New York is behind the project’s design.

280 Richards Street

Four-Story, 623,000-Square-Foot Commercial Complex Revealed, 280 Richards Street, Red Hook

11:00 am on June 3, 2016 By Reid Wilson

Back in 2005, Thor Equities acquired, for $40 million, the 7.7-acre Revere Sugar Refinery site at 280 Richards Street, located south of Beard Street in Red Hook. The developer later demolished the refinery (the last photos of it can be found here), and has since been floating the idea of building a massive mixed-use project with residential units and commercial space. The developer is now moving forward with plans for a four-story, 623,000-square-foot commercial complex, Bloomberg reported. It will include 600,000 square feet of office space and will boast 100,000-square-foot floor plates. The project will also feature 23,000 square feet of retail and restaurant space, presumably on the ground floor, along with a central courtyard, rooftop terraces, and a public waterfront esplanade. Norman Foster’s London-based Foster + Partners is designing. The site is located 12 blocks from the Smith-9th Streets stop on the F/G trains.

92 Morningside Avenue

Construction Wraps on 10-Story, 45-Unit Residential Project at 92 Morningside Avenue, Harlem

10:00 am on June 3, 2016 By Reid Wilson

Back in June of 2015, the 10-story, 45-unit residential redevelopment project at 92 Morningside Avenue, located on the corner of West 122nd Street in Harlem, topped out. Now, construction on the exterior of the structure is wrapping up, as seen in photos in a Harlem+Bespoke report. The site’s old seven-story pre-war building received a three-story, 11,677-square-foot vertical expansion and now boasts 60,714 square feet of residential space. Before the expansion, the building was more densely occupied with 50 apartments, but it is now home to 45 rental units ranging from one- to four-bedrooms. The apartments should average a spacious 1,349 square feet apiece and will include duplex penthouses. Amenities include storage for 23 bikes, a fitness center, a children’s playroom, and a rooftop terrace. Renaissance Realty Group is the developer, while Nataliya Donskoy’s Brooklyn-based ND Architecture & Design is behind the architecture. Occupancy is expected in the coming months.