DSA Property Group is planning to convert the 15-story, 75,000-square-foot dormitory at 106 Fulton Street, in the Finaicial District, into rental apartments. The project will consist of a “light renovation” of only the living spaces, Commercial Observer reported, ensuring that the apartments will be able to be rented at affordable rates. The ground floor contains 3,543 square feet of retail space leased to Burger King through 2020. DSA acquired the dormitory from Pace University for $51.1 million earlier this month. A $45 million acquisition loan was also recently secured.
It appears the final design has been fully revealed for the 11-story, 233-unit mixed-use building under development at 149 East 125th Street, a.k.a. 146 East 126th Street, on the northern end of East Harlem. A groundbreaking ceremony has also been held for the project, dubbed Gotham East 126th Residential, Curbed NY reported. The latest building permits indicate it will encompass 275,566 square feet and rise 120 feet to the roof, not including the bulkhead.
A development team has been selected by the New York City Economic Development Corporation (NYCEDC) to build a five-building, 740-unit mixed-use project at the site of the abandoned Spofford Juvenile Detention Center. The facility, spread across five acres, is located at 1221 Spofford Avenue, in the South Bronx’s Hunts Point section. The development team comprises of Gilbane Development Company, the Hudson Companies, and Mutual Housing Association of New York.
An anonymous Elmhurst firm has filed applications for two three-story, two-unit mixed-use buildings at 18-35 – 18-39 College Point Boulevard, located along the main commercial corridor in College Point. The buildings will measure 6,502 square feet and 5,089 square feet, respectively. Between the two, there will be a total 3,066 square feet of ground-floor retail space. The full-floor residential units on the second and third floors should average 1,375 square feet apiece, which suggests condominiums are likely in the works.
Foundation work is now underway on phase two of Provost Square, a two-towered mixed-use development half-way complete in downtown Jersey City. The first phase of the project, The Morgan at Provost Square, at 160 Morgan Street, opened for occupancy in late 2015. It rises 38 stories and contains 420 residential units, as well as 13,020 square feet of retail. The second phase will consist of a 28-story tower with 505 residential units and retail space. Photos of the phase two site can be seen posted to the YIMBY Forums.