Commercial


47 Hall Street

Developers File to Convert Eight-Story Industrial Building at 47 Hall Street Into Office Space, Clinton Hill

RXR Realty and Westbrook Partners have filed applications to convert the eight-story, 665,901-square-foot industrial complex at 47 Hall Street, located on the corner of Park Avenue in northern Clinton Hill, into office space. Sections of the basement and first floors will contain retail space, a restaurant, office amenities, and a 31-car parking garage. Office space will fill other parts of the first floor, as well as the entirety of the second through eighth floors. A ninth-floor penthouse expansion is also indicated. In total, the complex will contain 528,301 square feet of commercial space, The Real Deal reported. Marvel Architects is serving as the architect of record.


Former Pearl Paint Building’s Redevelopment Stalled at Landmarks

Pearl Paint, an icon at the northern edge of TriBeCa, closed over two years ago, pushed out because the rent was too high. The larger of its buildings, at 304-306 Canal Street, is already under redevelopment. Now, the Landmarks Preservation Commission is overseeing the redevelopment of 308-310 Canal Street. The agency held a public hearing on it last Tuesday, but no approval was granted.

Read More

One Boerum Place

160,000-Square-Foot Mixed-Use Tower Planned at One Boerum Place, Downtown Brooklyn

An investment group has acquired, for $76.5 million, Brooklyn Law School’s four-story, 40,000-square-foot office building at One Boerum Place, located on the corner of Fulton Street in Downtown Brooklyn. The group includes Avery Hall Investments, Allegra Holdings, and Aria Development Group, the Wall Street Journal reported. Although plans are not final, the development team expects to build a 160,000-square-foot mixed-use tower at the site. The project would include residential units and commercial space, possibly in the form of retail and/or offices. Demolition permits have not been filed for the 13,290-square-foot site’s current building, although groundbreaking is expected sometime next year.



Fetching more...