Despite the anticipated slowdown of commercial real estate, Brooklyn Navy Yard Development Corporation, or BDNYC, is reporting more than 160,000 square feet of new commercial leases within the former industrial complex. This figure does not include an additional 81,000 square feet of lease renewals and an unspecified inventory in their 2021 pipeline.
Last week, the New York City Council approved a Flushing waterfront development set to cost $2 billion. The massive mixed-use project, which includes housing, commercial retail and office space, and hotel lodging, is being developed by a joint partnership between United Construction & Development Group, F&T Group, and Young Nian Group. The master plan, designed by Hill West Architects, will develop 29 acres of land bound by Flushing Creek, Northern Boulevard, College Point Boulevard, and Roosevelt Avenue, as well as upgrade the neighborhood’s public waterfront access.
The Landmarks Preservation Commission has approved proposals to construct a glass-clad rooftop addition at 13 Harrison Street in Manhattan. The property is located within the TriBeCa West Historic District and thus required certificate of appropriateness from the voting commissioners.
Demolition is continuing at 12 West 57th Street in Midtown, the site of a 672-foot-tall skyscraper that comes in at number 21 on our countdown of the tallest projects underway in the city. The 52-story project is designed by Skidmore, Owings, & Merrill (SOM) and is being developed by Sheldon Solow of Solow Management Corp., who filed permits back in 2019. A preliminary rendering was revealed in early May, showing a slender black glass monolith rising behind a white glass and marbled stone podium. The development required the demolition of three low-rise structures spanning from 10 to 20 West 57th Street.
This week LCOR announced plans to construct a 461-unit rental building near the Coney Island waterfront in Brooklyn. The property is located at 1515 Surf Avenue and will include a mix of market-rate and affordable housing units, residential amenities, and 11,000 square feet of ground-floor retail.