Commercial

150 Park Avenue

Five-Story, 130,000-Square-Foot Medical Building Planned at 150 Park Avenue, Florham Park, New Jersey

Back in March, developers broke ground on a five-story, 256-unit residential complex at 90 Park Avenue, in the North Jersey community of Florham Park. Now, located in the same business park Green at Florham Park, a five-story, 130,000-square-foot medical office building is being planned at 150 Park Avenue. Summit Medical Group and the University of Texas MD Anderson Cancer Center recently signed a lease at the property, which will be home to a cancer treatment center. The Rockefeller Group, the same developer that built the residential project at 90 Park, is developing the medical facility. The building will be located roughly 1.5 miles from NJ Transit’s Madison station, although a large parking lot is also planned.




24-30 West 39th Street

Developer Moves Forward on Commercial Site at 24-30 West 39th Street, Midtown South

Fortuna Realty Group has filed permits to demolish the four five-story commercial buildings spanning 24-30 West 39th Street, in Midtown South. The hotel developer acquired 24-28 West 39th Street for $18.3 million in 2014, DNAinfo reports, although it has not yet officially acquired 30 West 39th Street. Plans for the site have not been disclosed, but the assemblage could accommodate up to 86,620 square feet of commercial space. That means a hotel, office building, or a community-facility-based project could eventually be built. A few tenants must first vacate the premises before the building can be demolished.


38-01 Queens Boulevard

Reveal for Nine-Story Multi-Use Commercial Building Planned at 38-01 Queens Boulevard, Long Island City

In December 2015, Curbcut Urban Partners and Platinum Realty Associates acquired, for $12.07 million, the two-story industrial building at 38-01 Queens Boulevard, in the Dutch Kills section of Long Island City. A rendering of the planned nine-story, 146,000-square-foot multi-use commercial building has now been revealed, via the Wall Street Journal. The project will include office space, retail, and a large amount of community facility space that will be able to accommodate medical offices, nonprofits, and other community-related tenants. The commercial building will also feature amenities like a rooftop deck and terraces. The developers plan to both lease and sell, as commercial condos, the space in the building. SBLM Architects is responsible for the design. Demolition permits were filed in January to knock down the existing building.


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