Retail

Developer Plans 213-Unit Condo Conversion at 13-Story Rental Building, 225 West 86th Street, Upper West Side

11:00 am on April 20, 2016 By Reid Wilson

HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.

New Details of 42-Story, 440-Key Starwood Hotel Planned at 450 Eleventh Avenue, Hudson Yards District

10:00 am on April 20, 2016 By Reid Wilson

Flushing-based Marx Development Group reacquired, for $35 million, the development assemblage at 450 Eleventh Avenue, located on the corner of West 37th Street in the Hudson Yards District, in 2013. Since then, the developer purchased 35,550 square feet of development rights for $7 million, and now new details of the planned hotel have been revealed by The Real Deal. Planned is a 42-story, 440-key Starwood Hotels & Resorts Worldwide hotel. The tower will measure roughly 213,300 square feet and will feature 3,000 square feet of ground-floor retail space. DSM Design Group is designing the project. Groundbreaking is expected later this year, and opening is slated for 2019. Two low-slung commercial buildings – at 448-452 Eleventh Avenue – must first be demolished.

New Details, Rendering of 55-Story, 130-Unit Condo Tower Planned at 281 Fifth Avenue, NoMad

6:00 am on April 20, 2016 By Reid Wilson

Back in June of 2015, YIMBY revealed initial renderings of the 52-story, 141-unit residential tower planned at 281 Fifth Avenue, located at the corner of East 30th Street in NoMad. Although the latest filings still describe the same building, Curbed NY now has a new partial rendering depicting the façade of a 55-story, 130-unit tower on the corner site. The latest diagrams indicate the the 266,963-square-foot tower will rise 728 feet above street level. It will contain 7,927 square feet of retail space across the cellar, ground, and second floors, followed by residential amenities on the third through seventh floors. The residential units above will be condominiums, averaging 1,611 square feet apiece.

Four-Story, Six-Unit Mixed-Use Building Coming to 2173 65th Street, Mapleton

1:00 pm on April 19, 2016 By Reid Wilson

Brooklyn-based property owner Yong Lin has filed applications for a four-story, six-unit mixed-use building at 2173 65th Street, in Mapleton, located three blocks from the Bay Parkway stop on the N train. The structure will measure 4,417 square feet, and will include an 871-square-foot retail space on the ground floor. The residential units above should average a rental-sized 591 square feet apiece, and amenities will include a laundry located in the cellar. Benjamin B. Lam’s Queens-based Lam & Lam Engineering is the applicant of record. The 24-foot-wide, 2,400-square-foot lot is currently vacant. The site’s predecessor, a two-story house, was demolished back in 2006.

Rendering of 340 Flatbush Avenue Extension with the Dime Savings Bank at 9 DeKalb Avenue. Credit: SHoP

Landmarks Approves Changes to Dime Savings Bank, Paving Way for Brooklyn’s Tallest Tower at 340 Flatbush Avenue Extension

12:40 pm on April 19, 2016 By Evan Bindelglass

The Landmarks Preservation Commission, on Tuesday, issued a decision that paves the way for construction of Brooklyn’s new tallest tower, which will be located at 340 Flatbush Avenue Extension, on the same block as Junior’s.

Four-Story, Multi-Use Building With School Filed at 2429 Jerome Avenue, University Heights

11:00 am on April 19, 2016 By Reid Wilson

Midtown South-based Louise Paris Ltd. has filed applications for a four-story, 42,786-square-foot mixed-use building at 2429 Jerome Avenue, in University Heights, located directly below the Fordham Road stop on the 4 train. The structure would feature 7,640 square feet of ground-floor retail space, as well as a 24,956-square-foot school. The ground floor will host the school’s lobby, followed by classrooms on the second through fourth floors, and a playground on the rooftop. Mansukhbhai Patel’s New Jersey-based Vista Engineering Corp. is the applicant of record. An assemblage of five buildings – two three-story structures and two single-story buildings – at 2421-2431 Jerome Avenue must first be demolished.

Construction Underway at 14-Story, 100-Unit Mixed-Use Building at 175 Delancey Street, Essex Crossing, Lower East Side

10:00 am on April 19, 2016 By Reid Wilson

In January, news broke that New York University’s Langone Medical Center signed a lease for 55,000 square feet on three floors of the planned 14-story, 100-unit mixed-use project at 175 Delancey Street – Site 6 of the Essex Crossing mega-development – located on the Lower East Side. Now, construction is ongoing on the ground-floor of the building, The Lo-Down reports. This portion of the development will measure 177,950 square feet and will feature 100 senior housing units. In addition to the medical center, the project’s four-story base will include 6,000 square feet of retail, a 13,000-square-foot senior center with a coffee shop, a 24,000-square-foot education facility, and a 4,000-square-foot outdoor garden. Dattner Architects is behind the design, and Delancy Street Associates (L+M Development Partners, Taconic Investment Partners, and BFC Partners) is developing. Completion is expected in 2017.

33-Story, 179-Unit Mixed-Use Project Rises at 520 West 30th Street, Chelsea

6:30 am on April 19, 2016 By Reid Wilson

Back in October of 2015, foundation work was wrapping up on the 28-story, 174-unit mixed-use project under development at 520 West 30th Street, in West Chelsea. Since then, construction plans have been amended to build a slightly larger building, which is now up to the fourth floor and rising, as seen in photos taken by Tectonic earlier this month. The latest permits indicate the 315,586-square-foot project will stand 33 stories, or 367 feet, above street level (393 feet if you count the bulkhead). There will be 13,219 square feet of retail space across the ground floor, followed by 179 residential units (up from 174) that should average 1,250 square feet apiece, indicative of condominiums.

Nine-Story, 135-Unit Supportive Housing Project Planned at 2002 Surf Avenue, Coney Island

4:00 pm on April 18, 2016 By Reid Wilson

Developer iStar has filed applications for a nine-story, 135-unit supportive housing project at 2002 Surf Avenue, at the corner of West 21st Street on Coney Island, located seven blocks from the Coney Island-Stillwell Av stop on the D/F/N/Q trains. The structure will encompass 118,743 square feet, and will feature 7,815 square feet of ground-floor retail space. The apartments above should average 732 square feet apiece, and amenities listed in the Schedule A include bike storage, a fitness center, a laundry, a community room, an courtyard on the second floor, an a rooftop terrace. Stephen B. Jacobs Group is the architect of record. The developer is ground-leasing the 18,867 square-foot property from the New York City Economic Development Corporation (NYCEDC), according to The Real Deal.

Eight-Story, 141-Unit Mixed-Use Building Rises at 504 Myrtle Avenue, Clinton Hill

3:00 pm on April 18, 2016 By Reid Wilson

In December of 2014, YIMBY reported on applications for an eight-story, 141-unit mixed-use building at 504 Myrtle Avenue, in northern Clinton Hill, and then renderings were revealed of the project in 2015. Now, construction is underway on the second floor of the structure, according to the Myrtle Avenue Brooklyn Partnership. The new building will measure 113,898 square feet, of which 20,023 square feet of space on the ground floor will be used for retail. Twenty-eight of the apartments will rent at below-market rates through the housing lottery, and building’s amenities include a 95-car parking garage in the cellar, a fitness center, and an outdoor terrace on the second floor. Silverstone Property Group and Madison Capital Realty are the developers, and HTO Architects is behind the design. Completion can probably be expected in 2017.

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