A Co-op Considers Developing New York City $10 at a Time
Last night, 130 people crowded into a tiny dance rehearsal room above a theater in the East Village to talk about how they could turn struggling or vacant properties into affordable spaces.
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Vacant Properties In Bay Ridge Marketed As Commercial Development Site
Ariel Property Advisors are marketing the vacant lots at 9114-9116 5th Avenue and 411-413 92nd Street, on the same block in southern Bay Ridge, for $3.3 million. The properties allow for a combined 19,716 square feet of commercial development, and are linked in the center of the block, according to Brooklyn Daily Eagle.
Office Building at 250 Fifth Avenue Wants to Become a Hotel, Add a 23-Story Tower Next Door
A landmarked five-story, turn-of-the-century office building at 250 Fifth Avenue, on the corner of 28th Street in NoMad, may become a hotel and grow a 23-story tower behind it. Alteration applications were filed yesterday to expand the building to 23 stories, but the developer tells us that the single-story storefronts on 28th Street, behind the hotel, will support the new tower.
City Council Approves One Vanderbilt and Midtown East Rezoning
With a vote of 49 to zero, the City Council unanimously approved the application for a 63-story office tower at One Vanderbilt, as well as the rezoning for a five-block stretch of Vanderbilt Avenue between 42nd and 47th Streets.
10-Story Mausoleum Could Be Coming To 1532 Madison Avenue, East Harlem
United Realty has proposed a 10-story, 45,413 square-foot mausoleum at the vacant lot 1532 Madison Avenue, in southern East Harlem. The developer is looking for investors to fund the acquisition of the property, which is on the market for $15 million. The entire project would cost roughly $60 million and would include at least 2,900 crypts and 5,200 niches, according to Investment News.
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