A year ago, news broke that Jamestown, Belvedere Capital, and Angelo Gordon announced plans to infuse $1 billion to renovate and redevelopment parts of the the 16-building, six-million-square-foot industrial complex, dubbed Industry City, located west of the Gowanus Expressway, in Greenwood. Crain’s now reports the developers are scrapping plans to build a 150,000-square-foot student dormitory at the 32-acre site. The complex’s proposed rezoning still includes the construction of significant retail space and two hotel buildings. Renovation work currently under way includes new windows, elevators, and interiors, and the complex is presently home to manufacturing uses and office space of a variety of sorts. The developers expect to begin the city’s Urban Land Use Review Procedure (ULURP) before 2017.
Yang Zhi Lu, doing business as Lower East Side-based Prospect Brothers Realty LLC, has filed applications for a six-story, 87-key hotel at 150 20th Street, in Greenwood, located five blocks south of the Prospect Avenue stop on the R train. The new building will encompass 29,278 square feet and its hotel rooms should average a budget-sized 287 square feet apiece. Guest amenities will include a meeting room on the ground floor, a breakfast area in the cellar, and 12 surface parking spots. Chinatown-based Jung Wor Chin Architect is the applicant of record. The project would replace a 125-foot-wide, single-story warehouse and demolition permits were filed in raze it this past December.
Chris Xu’s Century Construction and Development Group is slowly transforming Queens with huge mixed-use projects. Last month he filed plans for a 79-story skyscraper next to One Court Square in Long Island City. Now, YIMBY has renderings for his ambitious 14-story tower at 134-03 35th Avenue in Flushing.
Confusion over the future of the 421-a tax exemption has slowed down new residential construction, but commercial development is alive and well across New York City, particularly in the outer boroughs. Yesterday, YIMBY spotted plans for a 16-story hotel in the industrial area just north of Queensbridge Houses in Long Island City.
Developers Omnia Group and North Wind Group are working to transform the 10-story, 55,000-square-foot former Salvation Army shelter at 225 Bowery, on the Lower East Side, into a 14-story, 200-key Ace Hotel. Bowery Boogie now has renderings of the project, which would expand the building by four stories. The expansion comes at the expense of a three-story, 8,300-square-foot structure at 223 Bowery, which was demolished this past January. Once the property is redeveloped, the ground floor will host the hotel lobby, a 130-seat restaurant, and retail space. There will also be a bar on the 11th floor, along with a roof terrace and a gym. HAKS is designing and is serving as the architect of record. The building was purchased for a little more than $30 million back in 2014.