Last year, Michael Shvo and Russian billionaire Vladislav Doronin agreed to pay $500 million for 20 floors of the Crown Building at 730 Fifth Avenue, on the corner of 57th Street. Now Shvo has filed plans to convert most of the 26-story office building into condominiums and a hotel.
Construction is well underway on a four-building, 1.2-million-square-foot mixed-use development, dubbed Tangram, in downtown Flushing. The project is located on much of the block bound by College Point Boulevard, Prince Street, and 37th and 39th avenues. Work appears to be above street level on the 13-story, 192-unit residential building at 133-27 39th Avenue. The condominium residential units in this building should average 987 square feet, per the latest building permits. Also under construction is a four-level, 377-car underground parking garage.
An anonymous Brooklyn-based LLC has filed applications for a six-story mixed-use building at 267 58th Street, in western Sunset Park. The project will measure 9,020 square feet and feature 3,031 square feet of space for a community facility on the ground and second floors, followed by a 5,989-square-foot, 16-key hotel on the third through sixth floors. The cellar will host the hotel’s office space. Brooklyn-based City Building NY Architect is the architect of record. The 30-foot-wide, 3,005-square-foot plot is vacant.
Development rarely happens in eastern Queens near the Long Island border, but one developer has staked a claim in Queens Village, a suburban neighborhood next to Nassau County. New building applications were filed last week for an eight-story hotel at 95-10 218th Street, across the street from the Queens Village stop on the Long Island Rail Road. The building will practically touch the elevated rail tracks once it rises on a lot between Jamaica and 98th avenues. The plans call for 68 hotel rooms squeezed into 21,108 square feet of commercial space. An average room there would measure just over 300 square feet. The cellar would hold four rooms, and each of the upper floors would have eight rooms.
Construction has topped out on the 28-story mixed-use building under development at 577 Ninth Avenue, located between West 41st and 42nd streets in Hell’s Kitchen. Progress on the project, dubbed Pod Times Square, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the structure encompasses 218,872 square feet and rises 300 feet to its main roof, or 363 feet to the top of its bulkhead.