Per The Real Deal, the Salvation Army has sold the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million, which equates to $2,500 per square-foot. The site boasts 14,400 square feet of building potential, and undisclosed construction plans will almost surely include a large retail component.
212 Fifth Avenue will see new life as a residential building. On Tuesday, the Landmarks Preservation Commission approved changes to the structure, which was originally constructed as an office building in 1913. The redevelopment of the building is being done by Building & Land Technology, Madison Equities and Thor Equities.
Today, Landmarks approved the design for a new eight-story residential building with ground floor retail at 146-150 Wooster Street in SoHo.
Earlier today, a permit application was submitted for an unusual building in Brooklyn: five stories of commercial and community facility space, with no housing. While normally rents are not high enough in the borough to…