Residential

215 Chrystie Street

28-Story Hotel, Residential Tower Tops Out At 215 Chrystie Street, Lower East Side

6:00 am on March 1, 2016 By Reid Wilson

In November, the 28-story, mixed-use building under development at 215 Chrystie Street, on the Lower East Side, was at the 16th floor, and now Bowery Boogie reports the tower has topped out. The 245,264-square-foot structure stands 314 feet above the street level and will include hotel and residential portions. The building’s lower portion will sport a 370-key Public Hotel, with retail and restaurant space located on the ground floor. The upper portion will feature 11 condominium units, each averaging a spacious 3,035 square feet. Ian Schrager and Witkoff are the developers with Herzog & de Meuron as the design architect and Handel Architects is the architect of record. Completion is expected later this year.

839 East 226th Street

Three-Story, Eight-Unit Residential Building Filed At 839 East 226th Street, Wakefield

4:00 pm on February 29, 2016 By Reid Wilson

Property owner Mark Berishaj, based in Yonkers, N.Y., has filed applications for a three-story, eight-unit residential building at 839 East 226th Street, in southern area of the North Bronx neighborhood of Wakefield, located two blocks from the 225th Street stop on the 2 and 5 trains. The new building will encompass 8,710 square feet and its residential units will average 817 square feet apiece, which means market-rate rentals are probably in the works. There will be two apartments on the ground floor and three units each on the two upper floors. Seven automobile parking spaces are planned, probably at a surface lot behind the building. Pelham, N.Y.-based Fred Geremia Architects & Planning is the architect of record. Demolition permits were filed last December to knock down the site’s existing two-story house.

1 Nassau Place

Developer Plans Mixed-Use Residential Complex At 1 Nassau Place, Tottenville

3:00 pm on February 29, 2016 By Reid Wilson

Midtown-based Bridgewater Capital has acquired the vacant 38.8-acre swath of land at 1 Nassau Place, on Staten Island’s South Shore neighborhood of Tottenville, for $30 million. According to The Real Deal, the developer plans to rezone the property, likely through the Urban Land Use Review Procedure (ULURP), to build a multi-building residential complex with roughly 220,000 square feet of big-box retail space. Under current zoning, the property could accommodate 3.5 million square feet of industrial or commercial space (in the form of office and retail). Bridgewater hopes to have a partner in the residential component, which would include senior units, and is currently negotiating with New Hyde Park-based Kimco Realty to partner in the retail portion. The site is located directly north of the Nassau station on the Staten Island Railway.

497 3rd Street

Six-Story, Four-Unit Mixed-Use Expansion Project Filed At 497 3rd Street, Park Slope

1:00 pm on February 29, 2016 By Reid Wilson

Property owner Peggy Hernandez has filed applications to renovate and expand the dilapidated, vacant tenement building at 497 3rd Street, in Park Slope, located seven blocks north of the 7th Avenue stop on the F and G trains. First reported by DNAinfo, the building would be expanded by 3,254 square feet and would grow from four to six stories. The ground floor would be converted into 455 square feet of retail space and the rest of the expanded structure would have four residential units. There would be one apartment per floor on the second through fourth floors, and a duplex unit on the top two floors. The apartments should average 1,363 square feet apiece, which means condominiums are in the works. Selim Vural’s TriBeCa-based Studio Vural is designing. The property sits outside of Park Slope’s historic districts, so the Landmarks Preservation Commission’s approval is not required.

674 Atlantic Avenue

Pacific Park Developers Consider Building Office Space At 674 Atlantic Avenue, Prospect Heights

11:00 am on February 29, 2016 By Reid Wilson

Earlier this month, the developers behind the Pacific Park mega-development in Prospect Park – a partnership between Greenland Holdings and Forest City Ratner – proposed the idea of transferring 1.1 million square feet of development rights to 590 Atlantic Avenue in order to build a massive office tower. Now, another site is under consideration for an office development, according to DNAinfo. It’s the site at the southwestern corner of Atlantic and Sixth avenues – 674 Atlantic Avenue, or 2 Sixth Avenue. A 764-unit, mixed-income residential building, with a mix of rentals and condos along with retail space, has long been approved for the site. Now the developers are seeking to transfer commercial development rights to the location so a second office building could be built. The Empire State Development Corporation would have to approve the transfer of air rights. The change in plans also requires an environmental study, and the affordable residential units that were expected at the site would be built elsewhere.

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