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1873 Starr Street/176 Woodward Avenue, rendering by Aufgang Architects

New Developers To Build Five-Story, 130-Unit Residential Project At 1873 Starr Street, Ridgewood

11:00 am on March 21, 2016 By Reid Wilson

In October of 2015, YIMBY reported on applications for a five-story, 130-unit residential building at 1873 Starr Street, in western Ridgewood, located five blocks from the Jefferson Street stop on the L train. Now, Slate Property Group has sold the development site to Valyrian Capital and MGM Property Group for $18.5 million, according to Real Estate Weekly. The new owners plan to move forward with the approved project, which measures 141,929 square feet in total and will include 5,009 square feet of ground-floor retail space along with 3,000 square feet of community facility space. The apartment units should average 650 square feet apiece, with 45 of them to be rented at below-market rates. Amenities include a gym, a roof deck, a laundry room, and a garage for 64 bikes and 65 cars. Aufgang Architects is designing the building.

Five-Story, 57,800-Square-Foot Office Conversion Planned At 815 Broadway, Bushwick

10:00 am on March 21, 2016 By Reid Wilson

Property owner Transition Acquisitions is planning to convert the five-story, 57,800-square-foot former Globe Exchange Bank building, located at 815 Broadway in far-western Bushwick, into office space, Commercial Observer reports. The property is currently vacant and boasts 41,673 square feet of commercial space. According to the Schedule A, 15,600 square feet of retail space will span the ground floor, medical offices will be located in the cellar level, and the rest of the building will full-floor contain office spaces. Boaz Golani’s Bronx-based BMG Design Build is the architect of record. The current owner acquired the building in July of 2015 for $15.1 million and the conversion is expected to be complete in the spring of 2017.

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

6:30 am on March 17, 2016 By Reid Wilson

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

BIG Plans Revealed For Two Penn Plaza Transformation

8:00 am on March 16, 2016 By Nikolai Fedak

Among the numerous hulking eyesores in New York City, Two Penn Plaza manages to make a particularly negative impact, and its placement above Penn Station helps cement the latter’s status as an architectural failure. But now we have a first look at plans to transform the structure completely, created by Bjarke Ingels Group/BIG for developer Vornado.

Landmarks Approves New Six-Story Commercial Building at 134 Wooster Street, SoHo

7:00 am on March 16, 2016 By Evan Bindelglass

It was back in December that YIMBY told you of Premiere Equities’ plans for a new commercial building at 134 Wooster Street, located between Houston and Price streets in the SoHo-Cast Iron Historic District. Those plans went before the Landmarks Preservation Commission on Tuesday and were approved with very little fuss.

New Rendering Of Four-Story, Eight-Unit Mixed-Use Project At 325 Henry Street, Cobble Hill

6:00 am on March 16, 2016 By Reid Wilson

Back in December of 2014, YIMBY reported on the Landmarks Preservation Commission approval of the four-story, eight-unit mixed-use building at 112 Atlantic Avenue, in northern Cobble Hill (within the Cobble Hill Historic District), after initial plans for the site were rejected the month before. Curbed NY now has a new rendering of the project, which is reportedly now under construction and using the address 325 Henry Street. The latest filings describe a 25,244-square-foot structure with 6,000 square feet of ground-floor retail space. The condominium units will begin on the second floor and should average a very spacious 2,169 square feet apiece. There will also be six bike storage spaces and an eight-car automated parking garage in the cellar. BKSK Architects is designing, and Avery Hall Investments and OTL Enterprises are the developers. Completion is probably expected later this year or in 2017.

Construction Update: 52 Wooster Street, SoHo

7:30 am on March 15, 2016 By Evan Bindelglass

When YIMBY last reported on the six-story, five-unit residential project at 52 Wooster Street, located at the corner of Broome Street in the SoHo-Cast Iron Historic District, a teaser site had just been launched. Now, thanks to photos from our friend Tectonic, we can see that much more has been accomplished.

12-Story, 430-Unit Residential Building Complete At 365 Bond Street, Gowanus

2:00 pm on March 14, 2016 By Reid Wilson

Back in January, construction was wrapping up on the 12-story, 430-unit residential building at 365 Bond Street, in Gowanus, and now Real Estate Weekly reports the building is nearly complete. Curbed NY also has new renderings of the project, dubbed 365 Bond. The rental apartments will come in a variety of configurations, including studio-, one-bedroom, and townhouse-style layouts, although details for the larger apartments haven’t been made available yet. There will be roughly 40,000 square feet of amenities in the form of a fitness center, a spinning room, a yoga room, multiple lounges, a library, a recreation room, multiple rooftop terraces, a waterfront esplanade, an interior courtyard, and residential and bike storage.There will also be 1,240 square feet of retail space on the ground floor. The Lightstone Group is the developer and Goldstein, Hill & West Architects designed the building. MARKZEFF and Weintraub Diaz Landscape Architecture also aided in the design process. Occupancy is expected in April, and construction is currently underway on another 270-unit residential building at 363 Bond Street.

Seven-Story, 50-Unit Condominium Project Now Planned At 221 East 138th Street, Mott Haven

1:00 pm on March 14, 2016 By Reid Wilson

In June of 2015, YIMBY reported on applications for a 10-story, 57-unit mixed-income rental project at 221 East 138th Street, in Mott Haven, but now Tahoe Development is swapping plans for a seven-story, 50-unit market-rate condominium building. Welcome2TheBronx reports the developer is abandoning plans to include affordable units due to cost concerns. It would also be the first market-rate condo project in the South Bronx since the 2008 financial crisis. The condos will come in studio, one-, and two-bedroom layouts, and the new building will contain ground-floor retail space as previously planned. Hudson Square’s Michael Muroff Architect is the architect of record. The existing two-story warehouse is currently being demolished.

Former renderings of 98-81 Queens Boulevard - RJ Capital Holdings

Reveal For Five-Story, 100,000-Square-Foot Office Building At 98-81 Queens Boulevard, Rego Park

11:00 am on March 14, 2016 By Reid Wilson

RJ Capital Holdings is planning to develop a five-story, 100,000-square-foot multi-use commercial building at the right triangle-shaped block at 98-81 Queens Boulevard, in Rego Park, located four blocks from the 67th Avenue stop on the M/R trains. Commercial Observer has revealed a rendering of the project, which has not yet been filed with the Department of Buildings. The project will feature a mix of commercial uses, including medical office space and ground-floor retail. There will also be an underground parking garage. Multiple low-rise buildings will have to be demolished first, including the Ohr Natan Synagogue, whose lease expires in February of 2017, and commercial buildings at 98-69 and 98-83 Queens Boulevard and 66-02 99th Street. The developer acquired the assemblage in 2013 for $9 million.

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