Retail

Tishman Speyer Planning Two Office Towers At 28-10 Queens Plaza South, Long Island City

11:00 am on March 2, 2016 By Reid Wilson

Tishman Speyer is now working to develop two more office towers on the same block as Two Gotham Center, the 22-story office building the developer built in 2011 at 42-09 28th Street, in Long Island City’s Queens Plaza section. According to The Real Deal, one of the buildings, dubbed One Gotham Center, will be a 29-story, 583,000-square-foot property with 20,000 square feet of retail space. It will include 200 parking spaces. Last year, WeWork signed a lease for 200,000 square feet of space in it. The second building, dubbed Three Gotham Center, will be a 30-story, 515,000-square-foot property with 11,000 square feet of retail space. WeWork has already leased 258,000 square feet of space in Three Gotham Center, according to EB-5 documents. The developer hopes to accumulate $145 million in financing from the EB-5 program. A targeted completion date has not given.

Developer Plans 20-Story, 65-Unit Mixed-Use Building At 200 East 21st Street, Gramercy

6:30 am on March 2, 2016 By Reid Wilson

In the summer of 2015, Chelsea-based Alfa Development entered into contract to acquire the development site spanning 253-261 Third Avenue (a.k.a 200 East 21st Street), in Gramercy, and now the developer is planning a 20-story, 65-unit mixed-use building. The Real Deal reports the project will measure 104,700 square feet in total and will include 7,200 square feet of ground-floor retail space. The rest of the new building will contain 65 condominium units, which will come in one- to four-bedroom layouts. BKSK Architects will be responsible for the design. Reportedly, the developers filed permits for the project, although they have yet to hit public record. Demolition permits, however, are on file for all of the assemblage’s existing buildings. Four three-story structures are to be demolished at 253-259 Third Avenue, and a five-story, 12-unit tenement building at 200 East 21st Street will be razed.

Shopping Complex Plans Nixed At 90-02 168th Street, Downtown Jamaica

6:00 am on March 2, 2016 By Reid Wilson

Back in 2013, the Greater Jamaica Development Corporation (GJDC) and Blumenfeld Development Group signed an agreement to build a 160,000-square-foot retail complex accompanied by a 550-space parking garage across two vacant lots in downtown Jamaica, specifically at 90-01 168th Street and 90-02 168th Street. Then early last year, the developers said they would build an additional 105,000 square feet of retail space and an affordable residential building. DNAinfo now reports the 2013 deal has terminated, effectively halting any plans for the sites. At this point, the GJDC plans to release a new and updated Request for Proposals (RFP), that will more than likely include affordable housing, for both properties later this spring. Both lots are currently being used for surface parking.

brooklyn bridge park pier 6 night rendering

State Puts Approval On Hold For 29-, 14-Story Pier 6 Residential Towers, Brooklyn Heights

6:30 am on March 1, 2016 By Reid Wilson

In June of 2015, YIMBY revealed renderings of the winning proposal that would bring two mixed-use towers to Pier 6 in Brooklyn Bridge Park, located in southern Brooklyn Heights. The project consists of a 29-story, 192-unit market-rate condominium building with 3,870 square feet of retail and a shorter, 14-story counterpart with 117 affordable and 30 market-rate rental apartments, a preschool, 930 square feet of retail, and a 1,500 square-foot community facility. Curbed NY now reports the project is on hold following relentless community opposition. The Empire State Development Corporation is not approving the project until the city can come to an agreement with the community on it. The city selected RAL Development and Oliver Realty to develop the two vacant sites, with ODA New York as the design architect. Construction was scheduled to begin this spring.

Developer Plans Mixed-Use Residential Complex At 1 Nassau Place, Tottenville

3:00 pm on February 29, 2016 By Reid Wilson

Midtown-based Bridgewater Capital has acquired the vacant 38.8-acre swath of land at 1 Nassau Place, on Staten Island’s South Shore neighborhood of Tottenville, for $30 million. According to The Real Deal, the developer plans to rezone the property, likely through the Urban Land Use Review Procedure (ULURP), to build a multi-building residential complex with roughly 220,000 square feet of big-box retail space. Under current zoning, the property could accommodate 3.5 million square feet of industrial or commercial space (in the form of office and retail). Bridgewater hopes to have a partner in the residential component, which would include senior units, and is currently negotiating with New Hyde Park-based Kimco Realty to partner in the retail portion. The site is located directly north of the Nassau station on the Staten Island Railway.

Six-Story, Four-Unit Mixed-Use Expansion Project Filed At 497 3rd Street, Park Slope

1:00 pm on February 29, 2016 By Reid Wilson

Property owner Peggy Hernandez has filed applications to renovate and expand the dilapidated, vacant tenement building at 497 3rd Street, in Park Slope, located seven blocks north of the 7th Avenue stop on the F and G trains. First reported by DNAinfo, the building would be expanded by 3,254 square feet and would grow from four to six stories. The ground floor would be converted into 455 square feet of retail space and the rest of the expanded structure would have four residential units. There would be one apartment per floor on the second through fourth floors, and a duplex unit on the top two floors. The apartments should average 1,363 square feet apiece, which means condominiums are in the works. Selim Vural’s TriBeCa-based Studio Vural is designing. The property sits outside of Park Slope’s historic districts, so the Landmarks Preservation Commission’s approval is not required.

Reveal For Seven-Story, Five-Unit Mixed-Use Project At 207 West 75th Street, Upper West Side

6:00 am on February 29, 2016 By Reid Wilson

Back in July of 2014, YIMBY brought you renderings of the proposed 14-story, 10-unit residential building at 207 West 75th Street, on the Upper West Side. The project required a special permit from the Board of Standards and Appeals, but the developer was unsuccessful in obtaining a variance and the site was eventually unloaded for $13.25 million in 2015. The new developer, Opal Holdings, has since filed applications to expand the existing two-story building into a seven-story, five-unit mixed-use one. Real Estate Weekly now reports a $14.8 million construction loan has been secured for the 20,000-square-foot project. There will be 5,000 square feet of retail on the ground and cellar levels, and full-floor apartments beginning on the second floor. The sixth and seventh floors will contain a five-bedroom duplex penthouse featuring a terrace. Jeffrey Cole Architects is designing.

44-Story, 448-Unit Residential Tower Rises To 35th Floor At 33 Park Avenue, Jersey City

3:00 pm on February 25, 2016 By Reid Wilson

In February of 2015, YIMBY revealed renderings of the two-tower, 900-unit residential development at 33 Park Avenue, in eastern Jersey City’s Liberty Harbor section. A few months after our post, Fisher Development broke ground on the first tower of the project, which includes a 44-story, 448-unit building with retail space in its base. Now, photos by Tectonic reveal that the structure is roughly 35 stories above street level and rising. Curtain wall installation has also begun on the four-story base podium. The other tower will also eventually stand 44 stories but will contain 452 residential units. Retail space in both components will total roughly 15,000 square feet. The apartment towers are being designed by Perkins Eastman and completion of the first tower is expected in 2017.

The Margo Nearly Complete at 180 Myrtle Avenue, DoBro

7:00 am on February 25, 2016 By Evan Bindelglass

It was nearly two years ago that YIMBY showed you renderings of the 15-story building being developed by John Catsimatidis’ Red Apple Group at 180 Myrtle Avenue in Downtown Brooklyn, dubbed the Margo. Since then the unit count has changed and the building is now nearly complete, with the façade in place, save for some work on the terraces. The realization of that latter fact comes courtesy of photos taken by our friend Tectonic.

Schematics Posted Of Eight-Story, 12-Unit Mixed-Use Project At 42-44 Crescent Street, Long Island City

10:00 am on February 24, 2016 By Reid Wilson

In July of 2014, YIMBY reported on applications for an eight-story, 12-unit mixed-use building at 42-44 Crescent Street, in Long Island City’s Queens Plaza section. Now, The Court Square Blog reports schematics have been posted of the project on site. Maspeth-based Angelo Ng + Anthony Ng Architects Studio is designing, although no official renderings have been released yet. The new building will encompass 15,338 square feet and will include 2,060 square feet of commercial space on the ground-floor for a restaurant. Residential units will begin on the second floor and should average 951 square feet apiece, which means either rentals or condos could be in the works. Flushing-based Andy Ho is the property owner and doing business under an anonymous LLC. The site’s old two-story building was demolished late last year and excavation appears imminent. Completion is expected in 2017.

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