Commercial

Reveal For Three-Story, 120,000-Square-Foot Retail Complex At 34-30 Steinway Street, Astoria

10:00 am on April 4, 2016 By Reid Wilson

An anonymous Financial District-based LLC has plans to redevelop an assemblage of single-story commercial buildings – located at 34-30 – 34-46 Steinway Street and 34-35 38th Street, in southern Astoria – into a three-story, 120,000-square-foot retail complex. Winick Realty Group is leasing the commercial space from the developer and is currently in negotiations with multiple potential tenants, including food markets, restaurants, and big-box stores,DNAinfo reported. The building will feature four levels of retail space and an underground parking garage. In November, the developer submitted pre-filings for a five-story, 29-unit mixed-use building that would have including retail, community facility space, and residential units. Those plans appear to have been replaced with the latest retail project, although filings have yet to be amended to resemble the current design. Completion of the redevelopment is expected in 2018.

346 Broadway: rendering by Beyer Blinder Belle, photograph by the author

Mixed Rulings for Conversion of 346 Broadway, TriBeCa

8:00 am on April 4, 2016 By Evan Bindelglass

It was back in December of 2014 that the Landmarks Preservation Commission approved (on its second attempt) the residential conversion of the former New York Life Insurance Company Building, later a city office building, at 346 Broadway, in TriBeCa. However, in just the past two weeks, two rulings have come down that will impact the plan from developers Peebles Corporation and Elad Group, being marketed using the alternate address 108 Leonard Street.

Commercial-Office Conversion Complete on Three-Story Building At 160 Van Brunt Street, Red Hook

6:00 am on April 4, 2016 By Reid Wilson

Back in April of 2015, renderings were revealed of the planned commercial conversion of the Golten Marine building, a three-story, 98,650-square-foot former industrial property at 160 Van Brunt Street, in northern Red Hook. Since then, construction has been largely completed on the project and Tesla Motors was announced as the anchor tenant, as reported by Curbed NY earlier this year. Tesla is leasing 40,000-square feet on the ground floor, which it will use for dealership showrooms, offices, and a service center. The Brooklyn Paper also recently reported Tesla will install a reconstructed illuminating “Red Hook” sign on the ground floor. The building opened in March and contains additional yet-to-be-leased office space on the upper levels. LIVWRK is the developer and acquired the property for $21.5 million in 2014. New Jersey-based John Saracco Architects is the architect of record.

Delay In State Financing Holds Up Kingsbridge Armory’s Conversion Into Sports Complex, Kingsbridge Heights

10:00 am on March 31, 2016 By Reid Wilson

Back in October of 2014, the Kingsbridge National Ice Center, led by Kevin Parker and Mark Messier, signed a 99-year lease with the New York City Economic Development Corporation (NYCEDC) to convert the vacant Kingsbridge Armory, at 29 West Kingsbridge Road in Kingsbridge Heights, into an ice sports facility. As planned, the 750,000-square-foot building, an individual landmark, will be converted to accommodate nine ice rinks, one of which will be a 5,000-seat arena, and 50,000 square feet of community facility space. Politico New York now reports the NYCEDC has extended the deadline by a month for the developer to obtain $158 million in construction financing, at which point it would turn over the lease to the developer to begin construction.

Single-Story, 23,000-Square-Foot Building Being Converted Into Multi-Use Commercial Space At 29 Norman Avenue, Greenpoint

6:30 am on March 30, 2016 By Reid Wilson

The car company BMW is planning to convert the single-story, 23,000-square-foot warehouse at 29 Norman Avenue, in southern Greenpoint, located five blocks from the Nassau Avenue stop on the G train, into a multi-use commercial building. According to Bedford+Bowery, the property will feature a design studio for MINI (a car brand owned by BMW), a restaurant, creative office space, open public work space, and a gallery. The schedule A also includes an outdoor garden, and the property will reportedly host community events and performances. The conversion is being designed by Brooklyn-based nARCHITECTS. The building is being dubbed A/D/O, which stands for Amalgamated Drawing Office, and a targeted completion date has not been revealed.

Restoration of Coignet Building Complete at 360 Third Avenue, Gowanus

4:00 pm on March 29, 2016 By Reid Wilson

Back in November of 2015, construction was well underway to restore the two-story, 3,000-square-foot former New York and Long Island Coignet Stone Company Building, also known simply as the Coignet Building, an individual landmark located at 360 Third Avenue, in Gowanus. Since then, construction of the new façade has finished and new windows have been installed. DNAinfo reports the project was also recently awarded the Lucy G. Preservation Moses Award by the New York Landmarks Conversancy. Whole Foods Market restored the exterior of the building and has placed the property on the market for $5 million. It could eventually be used as retail or community facility space, although the interiors still have to be gut-renovated. BL Companies is the applicant of record and Jablonski Building Conservation aided in the design process.

Construction Complete At Five-Story Ludlow House Club, 139 Ludlow Street, Lower East Side

11:00 am on March 29, 2016 By Reid Wilson

Back in November of 2015, the expansion of the former three-story building at 139 Ludlow Street, on the Lower East Side, topped out at five stories, or 71 feet above street level. Bowery Boogie reports that the project is largely complete, now that the windows have been installed, exterior detailing has finished, and the scaffolding has been removed. The 16,500-square-foot commercial building, dubbed Ludlow House, will eventually house two restaurants and a members-only club, featuring event spaces, lounges, and screening rooms. Princeton Holdings is the developer and Lee Levine’s Hoboken, N.J-based Lee Levine Architects is the architect of record. Opening is expected within weeks, according The Lo-Down.

Reveal For Five-Story, 35,000-Square-Foot Maserati Dealership At 639 Eleventh Avenue, Hell’s Kitchen

6:00 am on March 29, 2016 By Reid Wilson

Back in February of 2015, YIMBY reported on plans for a five-story, 35,000-square-foot commercial building at 639 Eleventh Avenue, located on the corner of West 47th Street, in Hell’s Kitchen. Now, the Wall Street Journal reports BNF Automotive Group has begun construction on the building, which will house Maserati’s new Manhattan flagship dealership. The structure will sport a rooftop terrace, high ceilings, and a glassy curtain wall. Foundation work is reportedly underway and completion is expected in February of 2017. BNF Automative Group signed a 49-year ground lease for the 5,042-square-foot property, which is owned by Samyon Ruvinsky. CAI Architecture is behind the design and Dome Architecture & Design Group is the architect of record.

Developer Plans 1,000-Unit-Plus Mixed-Use Project At 450 Broad Street, Newark

10:00 am on March 28, 2016 By Reid Wilson

New York-based Lotus Equity Group has acquired the Bears and Eagles Riverfront Stadium at 450 Broad Street, in Downtown Newark, for $23.5 million, NJ Advance Media reports. The 6,014-seat stadium (and presumably the four-story parking garage to the south), located two blocks from the New Jersey Transit’s Newark Broad Street station, is expected to be demolished to make way for a mixed-use tower. The development could accommodate between 1,000 and 1,500 residential units and will contain commercial spaces. The commercial uses haven’t been finalized yet, but plans include a possible hotel and retail space. A construction timeline has not been disclosed. The baseball stadium was construction only 17 years ago.

14-Story, 80-Unit Mixed-Use Building Filed At 213 East 125th Street, East Harlem

4:00 pm on March 25, 2016 By Reid Wilson

This past December, the city launched a Request for Proposals (RFP) for the commercial development site at 2325 Third Avenue, in East Harlem. The plot is part of the mixed-use mega-development E125 that will turn two blocks, the ones bound by East 125th and 127th streets and Second and Third avenues, into roughly 1,000 residential units, up to 700,000 square feet of commercial space, and at least 30,000 square feet of community facilities. The Real Deal reports property owner Park-It Management is filings applications to move forward with another piece of the project at 213 East 125th Street. The existing two-story, nearly 20,000-square-foot commercial property will be expanded into a 14-story, 80-unit mixed-use building. The 96,539-square-foot structure will include 19,211 square feet of commercial-retail on the ground and second floors, and 6,212 square feet of community space on third floor. The apartment units should average 889 square feet apiece. SRA Architecture + Engineering will be designing.

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