441 Ninth Avenue, between 9th Avenue & Dyer Avenue and 34th Street & 35th Street, is undergoing a major transformation. The original eight-story structure was built in 1962 and once housed a warehouse, before being converted into an office building. Now, interiors are once again being renovated, and will sit beneath an all-new 17-story addition atop the square-shaped structure. Cove Property and Baupost Group are the developers of the 700,000 square foot project, named “Hudson Commons,” which is rising thanks to a $479 million construction loan secured last November.
In exciting news for Sunset Park, plans for 6208 8th Avenue are now pushing closer to reality. A major proposal for the former railroad site in Brooklyn would create over one million square feet of mixed-use development. The structures would include commercial, residential, and community facility space. The site is next door to the 8th Avenue subway station, serviced by the N trains. Since YIMBY last checked in on progress, the design has not changed, but new information has now been released providing specific details for the proposal.
Permits have been approved for the enlargement of 60 Charlton Street, which will yield a 12-story retail and office building in the Hudson Square neighborhood of Manhattan. The building was formerly known as 163 Varick Street. Kenneth Aschendorf of APF Properties is responsible for the development, after purchasing the lot for $65 million in July 2017.
In the heart of downtown Brooklyn, just off of Flatbush Avenue and adjacent to the City Point complex, One Willoughby Square, also known as 1WSQ or 420 Albee Square, is now on track to become the tallest Class A office tower in Brooklyn. A $235 million construction loan has now been approved and secured from Otera Capital, a Canadian real estate lending company. JEMB is the developer of the upcoming office project.
Permits were filed yesterday for a seven-story residential building at 215 North 10th Street in Williamsburg, Brooklyn. The site is just two blocks from McCarren Park, and four blocks from the Bedford Avenue subway station, serviced by the L trains. Morris Adjmi Architects is responsible for the design.