Just as Long Island City’s residential boom approaches its peak, we’ve come across plans for a 10-story office and retail building at 30-20 Northern Boulevard, next to the elevated subway tracks and Sunnyside Yards.
One of the largest remaining development sites in the Hudson Yards rezoning, owned by Tishman Speyer, now has official plans, as per the Wall Street Journal. The building, at 66 Hudson Boulevard, will stand 1,005 feet to its pinnacle, rising 65 floors and containing 2.85 million square feet overall, including 27,000 square feet of retail. The tower will cost upwards of $3 billion, and Danish architect Bjarke Ingels of BIG is designing the supertall, which will be laced in bands of diagonal sky terraces. The site is located between West 34th and West 35th Streets and 10th Avenue, and Tishman is currently seeking an anchor tenant.
TRITEC Real Estate Company and Castagna Realty Co. are developing a four-story, 232,917 square-foot office building on a 9.73-acre swath of land at 3400 New Hyde Park Road, in the Town of North Hempstead village of North Hills, located in Nassau County. According to Real Estate Weekly, the developers have landed an undisclosed amount in financing, which should propel the project to its anticipated completion in 2017. The office building will serve as the new headquarters for Dealertrack Technologies. The property has since been cleared and construction is currently underway. Spector Group and Combined Resources Consulting and Design are behind the project’s design.
In early 2015, renderings were revealed of the planned renovations at Citigroup’s headquarters at 388-390 Greenwich Street, in TriBeCa, and now the company is in contract to acquire the the 39-story, 2.7-million square-foot office complex. According to Real Estate Weekly, Citigroup will purchase the properties from SL Green Realty Corp. for $2 billion. The renovations include connecting the tower portion at 388 Greenwich to the 10-story structure at 390 Greenwich. The transformation will include a new façade on large portions of the existing buildings, a single lobby that serves both sections, plaza renovations, a rooftop terrace, and amenities like a fitness center. The sale is expected to close in December of 2017 and renovations should be complete by 2019.
Alloy Development has acquired the vacant 4,100 square-foot parcel at 431 Carroll Street, in Gowanus, for $2.8 million, Crain’s reports. Located two blocks west of the Union Street stop on the R train, the developer plans to build their new headquarters at the site in the form of a three-story, roughly 8,000 square-foot building. The ground floor will be leased as retail space and the upper floors will contain between 5,000 and 6,000 square feet of office space. The developers expect to break ground by 2017 for a 2018 completion. Alloy Development will likely design the project in-house.
