Commercial

Three-Story Mixed-Use Commercial Project Planned At 1693 Flatbush Avenue, Flatlands

1:00 pm on November 18, 2015 By Reid Wilson

Property owner Avraham Tarshish has filed applications for a three-story, 8,600 square-foot mixed-use commercial building at 1693 Flatbush Avenue, in Flatlands, six blocks from the 2 and 5 trains’ stop at Flatbush Avenue/Brooklyn College. The project will have 4,131 square feet of retail space on the ground and second floors, in addition to a 4,469 square-foot health care facility on the second and third floors. Richard Walsh’s Brooklyn-based Citiscape Consulting is the applicant of record.

Permits Filed: Phase 2 of Livonia Commons Affordable Housing, East New York

12:15 pm on November 18, 2015 By Rebecca Baird-Remba

New building applications have been filed for nearly 300 units of affordable housing on city-owned lots near where the elevated 3 and L trains intersect on Livonia Avenue in East New York. It turns out that these plans are Phase II of the city’s big Livonia Commons project, which will bring 791 deeply affordable units, retail and community space to a rather desolate stretch of the neighborhood.

20-Story Office Building At 40 Exchange Place To Get Renovations & Retail Space, Financial District

6:00 am on November 18, 2015 By Reid Wilson

Newmark Holdings and Northwind Group have purchased the 20-story office building at 40 Exchange Place, in the Financial District, for $115 million, according to Crain’s. They plan to renovate the property to accommodate small to mid-sized office tenants. Renovations will include significant changes to the lobby and the building’s common spaces, as well as the addition of retail space on the ground floor. Natixis Real Estate provided a $65 million acquisition loan and a $16.5 million construction loan.

Commercial Renovation Underway At Brooklyn Navy Yard’s 16-Story, One-Million Square-Foot Building 77

1:00 pm on November 16, 2015 By Reid Wilson

Back in July, details were revealed of the planned renovation of Brooklyn Navy Yard’s Building 77 — a 16-story, one million-square-foot industrial building — and now Brownstoner reports work is well underway. Retail space is planned on the ground floor, along with a 60,000 square-foot public food hall, and the floors above will be leased to commercial and manufacturing tenants. Beyer Blinder Belle and Marvel Architects are designing the city-funded project, which is expected to open for business in the second half of 2016.

The Future Of The Flower District Is Up In The Air As New Developments Grow On West 28th Street

4:00 pm on November 13, 2015 By Vitali Ogorodnikov

The single-purpose commercial district is a staple of the city’s urban patchwork, whether it is the Diamond District at 47th Street and Fifth Avenue in Midtown, the Lighting District along the Bowery, or the former Radio Row in Lower Manhattan. Among these spaces, the Flower District in Midtown South is among the most unique. The concrete jungle meets the green jungle on sidewalks lined with rows of flowers and shrubbery. Yet while the District has been around for over a century, ongoing transformations are shaking its identity to the core.

New Owners Plan Office Conversion Of Nine-Story Industrial Building At 47 Hall Street, Clinton Hill

6:30 am on November 13, 2015 By Reid Wilson

RXR Realty and Westbrook Partners are in contract to purchase the nine-story, 700,000 square-foot former industrial building at 47 Hall Street, in northern Clinton Hill, for more than $160 million, Crain’s reports. Parts of the building are currently rented out as art studios and creative offices, but the eventual new owners plan to convert the structure into modern creative offices; renovations include ground-floor reconfigurations and new outdoor terraces. Landlord Ruby Schron and the Fruchthandler family are the current owners.

Mixed-Use Development Planned At 42-25 Queens Boulevard, Sunnyside

11:00 am on November 12, 2015 By Reid Wilson

Astoria-based landlord John Ciafone is planning to construct a mixed-use development at 42-15 – 42-25 Queens Boulevard, in Sunnyside, according to DNAinfo. The site is located just three blocks from the 7 train’s stop at 40th Street. The project would include commercial and/or community space on the ground floor, and residential units above, some of which may be designated affordable. Existing single-story buildings must first be demolished; a pub as well as a cinema have already vacated their spaces.

Public Comes Out Against Gansevoort Market Project at Landmarks Hearing

7:30 am on November 11, 2015 By Evan Bindelglass

A plan to remake the south side of Gansevoort Street between Greenwich and Washington Streets got a big thumbs down from the public at a Landmarks Preservation Commission hearing on Tuesday. The plan from William Gottlieb Real Estate and Aurora Capital would bring more commercial and retail space to the block and would do so by demolishing two buildings and replacing them with new ones and modifying several others.

Downtown Brooklyn Is Finally Getting a New Office Building at 420 Albee Square

4:57 pm on November 9, 2015 By Rebecca Baird-Remba

The city’s Economic Development Corporation has announced plans to develop Downtown Brooklyn’s first new office building since the neighborhood was rezoned in 2004. The new development at 420 Albee Square will bring 400,000 square feet of commercial space to a site across the street from City Point, between Willoughby and Fulton Streets.

Two-Story Commercial Conversion Underway At 290 Grand Street, Lower East Side

4:00 pm on November 9, 2015 By Reid Wilson

A two-story building on the Lower East side is being converted into 4,288 square feet of commercial space. Cheuk Fan Cheung, doing business as an anonymous LLC, is behind the project at 290 Grand Street, according to Bowery Boogie. The ground floor will continue to house retail space while the second floor is being rebuilt as office space. A new façade appears to be in the works, and Jianxiong Wang’s JW Engineering Consulting is the applicant of record. Completion is expected in the spring of 2016.

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