The vacant, 12-story former manufacturing building at 3 East 28th Street, in NoMad, is now receiving a $20 million gut-renovation. The 61,325-square-foot structure is being upgraded and modernized to accommodate office and retail tenants, Commercial Observer first reported, and YIMBY has renderings of the project.
Metropolitan Realty Associates and TIAA are in contract to acquire the four-story, 342,000-square-foot industrial property at 47-25 34th Street, located on the corner of 48th Avenue in the Dutch Kills section of Long Island City. The property is being sold for $90 million, according to Crain’s. The eventual new owners plan to convert the building into modern office space to the tune of more than $10 million. The property is currently 55 percent vacant, with the occupied portion is being utilized as warehouse and showroom space. The sale comes two years after Brickman acquired the building for $60 million. Future office tenants will be located two blocks from the 33rd Street stop on the 7 train.
Flushing-based property owner Tar Wook Chang, doing business as an anonymous LLC, has filed applications for a two-story, three-unit mixed-use building at 162-17 46th Avenue, in East Flushing. The structure will measure 10,824 square feet. It will contain 3,150 square feet of office space on the ground floor, followed by three residential units on the second floor. The apartments should average 1,050 square feet apiece, indicative of family-sized configurations. There will also be a billiard parlor in the cellar level, storage space, and three off-street parking spots. Iljoong Kim’s Flushing-based Choi Design is the architect of record. The 6,000-square-foot site, located on the corner of 163rd Street, is currently occupied by a two-and-a-half-story wood-framed structure. The Long Island Rail Road’s Broadway station is located five blocks to the north.
Kamber Management Company is planning a $20 million renovation of Tower 45, the 40-story, 458,446-square-foot building at 120 West 45th Street, in Midtown. The office tower will see upgrades to its 175-foot-tall outdoor atrium, the lobby, and hallways and bathroom facilities throughout, plus mechanical equipment such as elevators. The 15th, 20th, 21st, and 24th floors, which are vacant, are also being renovated, according to Commercial Observer. Kohn Pedersen Fox and Milo Kleinberg Design Associates are behind the design of the renovations. Construction is expected to get fully underway later this year, with completion scheduled for summer 2017. Tower 45, completed in 1989, was acquired by Kamber in 2015 for $365 million. Amenities include a parking garage.
A former piece of Rockefeller Center is set to grow a bit. On Tuesday, the Landmarks Preservation Commission approved a rooftop addition to 75 Rockefeller Plaza.