Retail

Preparation Starts for 17-Story Extension of Pre-War Building at 24-16 Queens Plaza South, Long Island City

In formerly industrial Long Island City, most new developments start with a blank state. Some projects, such as the Dutch LIC, Factory House, and 42-14 Crescent Street pay homage to the district’s past via design cues. Other developments, such as 29-37 41st Avenue, 23-10 Queens Plaza South and 43-22 Queens Street, incorporate new towers alongside existing pre-war structures. The project at 24-16 Queens Plaza South takes preservation in a slightly different direction. There, Greystone Development reimagines the façade of the five-story, pre-war commercial building as the base for a new residential tower. The 22-story building at the foot of the Queensboro Bridge will be designed by the Midtown-based firm Woods Bagot. The ground level will be anchored by a 3,863-square-foot retail space, with 117 residential units to be stacked above. The existing property sat unused for some time, and construction scaffolds rose around its perimeter earlier this month.

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211 Schermerhorn Street

Developer Closes on Site of Planned 14-Story, 47-Unit Mixed-Use Project at 211 Schermerhorn Street, Downtown Brooklyn

About a year ago, Chelsea-based GPB Capital Holdings entered into contract to acquire the development site at 211-215 Schermerhorn Street, in Downtown Brooklyn. Now, the entity has finally closed on the purchase for $30 million, Commercial Observer reported. The developer plans to build a 14-story, 47-unit mixed-use building at the site, as reported by YIMBY when filings were submitted earlier this year. The latest permits indicate the project will encompass 93,184 square feet. There will be 5,372 square feet of retail space across the ground and cellar levels, followed by residential units above. The units will be condominiums, averaging 1,464 square feet apiece. Morris Adjmi Architects is the architect of record. The 7,556-square-foot assemblage is currently vacant.



3 Journal Square Plaza, rendering via Marchetto Higgins Stieve Architects

13-Story, 240-Unit Mixed-Use Building Tops Out at 3 Journal Square Plaza, Jersey City

Construction has topped out on the 13-story, 240-unit mixed-use building under development at 3 Journal Square Plaza, in Jersey City‘s Journal Square section. Photos of the structure were recently posted to the YIMBY Forums. Dubbed The Residences at 3 Journal Square and revealed by YIMBY roughly a year ago, it will encompass 219,446 square feet. There will be retail space and residential amenities on the ground floor, followed by rental apartments above. Known amenities include a four-level underground parking garage, which the project was built atop, and a rooftop terrace. Hartz Mountain and Panepinto Properties are the developers. Marchetto Higgins Stieve Architects is the design architect and the Childs Dreyfus Group is responsible for the interiors. Tocci Building Companies is managing construction. Completion can probably be expected by the end of the year.


2460 Second Avenue

730-Unit Mixed-Use Project Proposed at 2460 Second Avenue, East Harlem

The New York City Economic Development Corporation (NYCEDC) has released preliminary plans, ahead of a presentation set to be given later in September, to develop a 1.1-million-square-foot mixed-use project at 2460 Second Avenue, in northern East Harlem. The city-owned property, currently a vacant 105,000-square-foot former bus depot, was the site of a church and a slave burial ground during the 17th century, Commercial Observer reported. The redevelopment would include a 15,000-square-foot living memorial and cultural center in honor those who were buried there. The rest of the project could include 730 rental apartments, half of which would rent at below-market rates. In addition, the plan calls for 315,000 square feet of commercial space, including retail and offices, and 30,000 square feet for community facilities. It would be accommodated by a 300-car parking garage and 18,000 square feet of outdoor space. Since the site is city-owned, the project must be approved through the Uniform Land Use Review Procedure (ULURP). Completion is tentatively set for 2022. The block-encompassing site is located between East 126th and 127th streets.


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