Commercial

City Agencies Broker New Deal With Developers to Bring 5 WTC to Market

7:30 am on June 4, 2019 By Sebastian Morris

State agency The Port Authority and Lower Manhattan Development Group have agreed to issue a joint RFP and divide proceeds generated from the development of 5 World Trade Center. A lengthy dispute between the parties had prevented any progress on the final remaining site within the World Trade Center complex, though it still remains unclear what future property will rise from the parcel, which could yield a tower spanning over one million square feet.

Map illustrates the proposed scope of and boundaries of the Bushwick Neighborhood Plan

Department of City Planning Reveals Preliminary Scope of the Bushwick Neighborhood Plan

7:30 am on June 3, 2019 By Sebastian Morris

Following an outcry from local residents and community officials, the Department of City Planning has proposed a series of zoning amendments and land-use actions known as the Bushwick Neighborhood Plan.

200 Kent Avenue Tops Out in Williamsburg, Brooklyn

7:00 am on June 3, 2019 By Michael Young

The six-story reinforced concrete structure for 200 Kent Avenue is now topped-out, and window frames are now beginning to be installed for the curtain wall on the upper floors of the eastern elevation. ME Architect P.C. is responsible for the design of the commercial building, while Isaac Hager of Cornell Realty Management is the developer. The development now stands 83 feet tall above the northern section of Williamsburg, Brooklyn, and can easily be seen when traveling on the East River ferries. The lot measures 22,640 square feet, and was purchased by two anonymous entities back in the summer of 2016 for $33 million.

Excavation Begins For 25 Columbus Drive in Jersey City

7:30 am on June 2, 2019 By Michael Young

The first stages of excavation at 25 Columbus Drive are apparent as the asphalt from the former parking lot is now being ripped up. This will become the future site of a new mixed-use complex that will rise 626 feet tall and 57 floors high. Handel Architects is designing the proposed structure, while Mack Cali is the developer of the downtown Jersey City project. A total of 750 rental apartments, a 35,000-square-foot privately-funded public school for levels pre-K through first grade, four storefronts covering 16,485 square feet of retail space, and a public plaza will soon be built.

Gene Kaufman’s 39-Story 215 Pearl Street Finally Nears Completion, in The Financial District

8:00 am on May 29, 2019 By Michael Young

Gene Kaufman’s upcoming Marriott Courtyard and Residence Inn at 215 Pearl Street is steadily getting closer to the finish line. The project is a 396-foot-tall and 39-story hotel in the heart of Lower Manhattan’s Financial District. 320 suites are expected to be created inside the 165,655-square-foot reinforced concrete structure. Rooms will begin on the fifth floor, and terminate on the 37th floor. Nobutaka Ashihara Architects is the architect of record, while Lam Group is the developer of the project. The site is located at the intersection of Pearl Street and Platt Street.

Preliminary renderings of Fordham Landing - Dynamic Star LLC

Final Negotiations Begin for $3.5 Billion Redevelopment at Fordham Landing, in The Bronx

7:30 am on May 27, 2019 By Sebastian Morris

A $3.5 billion initiative to reshape and redevelop an industrial wasteland on the Eastern edge of The Bronx has reached the final stages of negotiations, and could soon begin construction. Known formally as Fordham Landing, the property is located between the Harlem River and the Major Deegan Expressway, immediately adjacent to the University Heights Bridge.

Permits Filed 1973 Daly Avenue in West Farms, The Bronx

6:30 am on May 27, 2019 By Vanessa Londono

Permits have been filed for an 11-story mixed-use building at 1973 Daly Avenue aka 909-913 East Tremont Avenue in West Farms, The Bronx. Located between East 178th Street and East Tremont Street, the lot is three blocks west of the West Farms Square – East Tremont Avenue subway station, serviced by the 2 and 5 trains. Camber Property Group is listed as the owner behind the applications.

Permits Filed for 393 8th Avenue in Chelsea, Manhattan

7:00 am on May 26, 2019 By Vanessa Londono

Permits have been filed for a ten-story mixed-use building at 393 8th Avenue in Chelsea, Manhattan. Located between 29th Street and 30th Street, the interior lot is close to Pennsylvania Station and the 34th Street subway station, serviced by the A, C, and E trains. Daniel Aller of Aller Enterprises is listed as the owner behind the applications.

Permits Filed for 3025 Avenue U in Sheepshead Bay, Brooklyn

7:00 am on May 25, 2019 By Vanessa Londono

Permits have been filed for a three-story community facility building at 3025 Avenue U in Sheepshead Bay, Brooklyn. Located between Coyle Street and Ford Street, the corner lot is closest to the Avenue U subway station, serviced by the Q train. Anatoly Grinshteyn of BWH Group is listed as the owner behind the applications.

Permits Filed for 2752 West 16th Street in Coney Island, Brooklyn

6:30 am on May 25, 2019 By Vanessa Londono

Permits have been filed for a four-story commercial building at 2752 West 16th Street in Coney Island, Brooklyn. Located between Neptune Avenue and Hart Place, the interior lot is two blocks west of the Coney Island-Stillwell Avenue subway station, serviced by the D, F, N, and Q trains. Edward Vugmayster under the 2752 West 16 Street LLC is listed as the owner behind the applications.

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