Retail

529 Broadway

Construction Wraps on Six-Story, 44,000-Square-Foot Retail Building at 529 Broadway, SoHo

6:00 am on March 24, 2016 By Reid Wilson

In September of 2013, the Landmarks Preservation Commission (LPC) approved the design for a six-story, 44,243-square-foot commercial-retail project at 529 Broadway, located on the corner of Spring Street in SoHo. The site, along with much of the neighborhood, is located within the SoHo-Cast Iron Historic District, which means projects are subject to LPC approval. Construction at the building, technically an expansion of an existing two-story structure, is now wrapping up, as seen in photos by Tectonic. The new structure has already received a majority of its curtain wall and work is likely now focused on the interior. When it opens later this year, the entire building will be leased as retail space. BKSK Architects designed the building, and Aurora Capital Associates, Wharton Properties, Thor Equities, and the Adjmi family are the developers.

315 York Avenue

Three-Story, Two-Unit Mixed-Use Project Coming To 315 York Avenue, New Brighton, Staten Island

3:00 pm on March 23, 2016 By Reid Wilson

Staten Island-based property owner Dominick Grasso has filed applications for a three-story, two-unit mixed-use building at 315 York Avenue, in New Brighton, located on Staten Island’s north shore. The new building will measure 2,772 square feet in total and will include a 924-square-foot retail unit on the ground floor. The second and third floors will include full-floor residential units averaging 924 square feet apiece. Family-sized rental apartments are probably in the works. Staten Island-based Ryan & Vaccaro is the architect of record. The 30-foot-wide lot is currently vacant.

1780 Sheepshead Bay Road

Eight-Story Mixed-Use Apartment Building Planned At 1780 Sheepshead Bay Road, Sheepshead Bay

2:00 pm on March 23, 2016 By Reid Wilson

Back in November, YIMBY reported on applications for a six-story, 19-unit mixed-use building at 1780 Sheepshead Bay Road, in southern Sheepshead Bay, located four blocks from the Sheepshead Bay stop on the B/Q trains. Now, it appears those plans have been replaced with plans for a larger building, Sheepshead Bites reports. Starealty.Estate acquired the development assemblage at 1780-1784 Sheepshead Bay Road for $3.66 million last February, and now an eight-story mixed-use building is being planned. It’s expected to include commercial-retail and a community facility on the ground and second floors. Rental apartments will fill the upper six floors and the project will feature a 30-car parking garage. The corner lot is currently vacant, although two three-story buildings were filed for demolition earlier this month and are expected to be razed in the next few weeks. Construction is scheduled to begin by the summer.

1179 Second Avenue

Residential Development Site At 1179-1183 Second Avenue Purchased, Upper East Side

1:00 pm on March 22, 2016 By Reid Wilson

S.W. Management has acquired the vacant development site spanning 1179-1183 Second Avenue and 249-251 East 62nd Street, on the Upper East Side, for $64.3 million. According to Crain’s, the property lot at the corner of Second Avenue and East 62nd Street, at 253 East 62nd Street, is not included in the acquisition, although its former five-story predecessor was demolished just last year. The site that was newly acquired can accommodate 87,650 square feet of development potential as-of-right. A future building could include ground-floor retail space and residential units above. Plans for the site have not been disclosed. Sometime between 2009 and 2011, five tenement buildings ranging between three and five stories were demolished at the site.

Triangle Park

Deal Reached For Triangle Park Multi-Building Mixed-Use Development, Newark

11:00 am on March 22, 2016 By Reid Wilson

Early last year, the Newark City Council approved plans to build a 2.5-acre park in the city’s downtown. It would connect Prudential Center to the Ironbound’s Peter Francisco Park by bridging over Newark Penn Station, but it would also serve as the centerpiece of a multi-building mixed-use development of the surrounding vacant blocks. Last week, the city of Newark struck a deal with Edison Properties and J&L Parking Corporation to development the buildings, Newark Patch reports. Details on the new buildings are sparse, but there will be a significant number of residential units, retail space, and possible office space. Construction is expected to commence later this year and completion is tentatively set for July of 2018. The Newark Community Economic Development Corporation will head the construction of the park, being designed by MKW + Associates.

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