Exterior construction appears to be nearly wrapped up on the five-story, 92-unit mixed-use building under development at 968 60th Street, in western Borough Park. Photos of the construction progress were taken by Pablo Enriquez for the New York Times. Dubbed Hamilton, the 134,367-square-foot building will include 13,848 square feet of ground-floor commercial-retail. The residential units above, which will be rental apartments, should average 931 square feet apiece. They will range from studios to three-bedrooms.
Booming Brooklyn’s Boerum Hill neighborhood is closer to seeing another development come to fruition. Exterior work is nearing completion at the Boerum, located at 265 State Street (a.k.a. 140 Schermerhorn Street).
Since being five stories up roughly two months ago, the 11-story, 44-unit mixed-use building under development at 613 Baltic Street, in northern Park Slope, has now now topped out at 119 feet above street level. The construction progress can be seen thanks to a photo shot by Tectonic. The 83,154-square-foot project is being dubbed Baltic and its residential units will be condominiums. Those currently available come in two- and three-bedroom configurations. The average unit should measure 1,339 square feet. The ground floor will include 3,157 square feet of retail and 2,163 square feet of space for a community center. The known amenities are listed in YIMBY’s previous update. JDS Development Group is the developer, while VOA Architecture is serving as the design architect. Completion is anticipated for 2017.
Queens-based property owner Choi Yui Chan has filed applications for a four-story, nine-unit mixed-use building at 37-15 103rd Street, in North Corona. The structure will measure 13,500 square feet. The ground floor and cellar level will host 3,402 square feet of retail space, followed by three units per floor on the second through fourth. The residential units should average 820 square feet apiece, which means rental apartments are likely in the works. Smaller condominiums are also a possibility, especially if the developer is catering to the Chinese. Robert H. Lin’s Flushing-based A&T Engineering is the applicant of record. Earlier this year, the developer filed plans for two separate four-story, four-unit buildings, but they were later disapproved. The 5,000-square-foot assemblage consists of two townhouses. Demolition permits haven’t been filed. The site is two blocks north of the 103rd Street-Corona Plaza stop on the 7 train.
After entering into contract nearly a year ago, Extell Development has closed on the purchase of the single-story, 128,250-square-foot Gristedes grocery store at 350 East 86th Street, on the Upper East Side, for $93 million. The acquisition was funded with a $55 million mortgage, Commercial Observer reported. The developer also owns the neighboring four- and five-story tenement buildings at 1645-1651 First Avenue. Combined with the new acquisition, the 20,650-square-foot assemblage now supports 206,500 square feet of new mixed-use development up to 210 feet above street level. The developer is apparently planning a 20-story, 200-plus-unit condominium project at the site, although there aren’t many details on it. Demolition permits haven’t been filed for any of the Extell-owned properties, but Gristedes is expected to vacate the premises later this year.