The proposed East New York rezoning is already drawing new development to the area near Broadway Junction, like a new hotel planned at 100 New Jersey Avenue in the shadow of the elevated J train tracks in Cypress Hills, East New York’s northern section.
News Corp. and 21st Century Fox have signed a letter of intent to lease a combined 1.3 million square feet at Larry Silverstein’s planned 2 World Trade Center, located at 200 Greenwich Street, in the Financial District, according to the New York Post. A deal has yet to be finalized, but the move would jump-start construction of the 2.8 million square-foot, 80-plus-story tower, which is being redesigned by Bjarke Ingels Group.
Prodigy Network has filed applications to convert and expand the existing 15-story, 104,500 square-foot commercial building at 17 John Street, in the Financial District, to a 23-story, 194-key extended-stay hotel; office and retail space is also planned. The expanded building will measure roughly 149,600 square feet, and Woods Bagot is designing, while Mancini Duffy is serving as the architect of record. The existing building was acquired for $85 million in 2014, according to The Real Deal.
Last night, 130 people crowded into a tiny dance rehearsal room above a theater in the East Village to talk about how they could turn struggling or vacant properties into affordable spaces.
Ariel Property Advisors are marketing the vacant lots at 9114-9116 5th Avenue and 411-413 92nd Street, on the same block in southern Bay Ridge, for $3.3 million. The properties allow for a combined 19,716 square feet of commercial development, and are linked in the center of the block, according to Brooklyn Daily Eagle.