NEW YORK | MID/LOW RISES | General Developments Updates/Compilation

[chris08876]

Project: 1434 Undercliff Avenue

The South Bronx continues to boom with new affordable and supportive housing projects. Non-profit Services for the Underserved hopes to build a seven-story apartment building at 1434 Undercliff Avenue, in the Highbridge section of the Bronx.

ames McCullar Architecture will be responsible for the design. McCullar also worked on SUS’s last project, a seven-story mix of supportive and affordable housing on Third Avenue in Morrisania. The 51-unit development was built using modular construction, with apartments assembled by Capsys at the Brooklyn Navy Yard. Capsys is closing up shop this month after 20 years at the Navy Yard, and 1434 Undercliff Avenue will be built with typical block-and-plank construction.

The development would have 75 apartments, which will break down into 65 studios and nine two-bedrooms, plus the super’s apartment. They’ll be spread across 49,143 square feet, for average, 655-square-foot units.

Construction is scheduled to begin in June and finish sometime in 2018.

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[chris08876]

Project: 1402 York Avenue

An anonymous LLC has filed applications for an 11-story, 11-unit residential building at 1402 York Avenue, located between East 74th and 75th streets on the Upper East Side. The structure will measure 21,185 square feet, which means its residential units should average a spacious 1,926 square feet apiece. The apartments will have full-floor configurations, and condominiums must be in the works. Amenities include private residential storage, storage for six bikes, and a fitness center. Midtown South-based Kossar + Garry Architects is the architect of record and will likely be designing the building. The 20-foot-wide, 1,960-square-foot site is currently occupied by a two-story building. Demolition permits were filed in December to knock it down.

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[chris08876]

Construction Update: 24-12 42nd Road




Credit: LICCourt

[chris08876]

Project: 22-43 Jackson Avenue

The Feldman family’s Circle F Capital is in contract to buy a Long Island City development site just a block away from MoMA PS1 and the 5Pointz project for nearly $25 million, sources told The Real Deal.

The NoMad-based family office led by Gary and David Feldman is planning a 10- or 11-story mixed-use building with residential condominium units and a 25,000-square-foot retail component. The firm is yet to file plans with the New York state attorney general’s office.

The site at 22-43 Jackson Avenue is home to a one-story, 6,400-square-foot building and offers about 76,000 buildable square feet, property records show. The seller, a local affiliate of the International Brotherhood of Teamsters labor union, owned and occupied the property as the headquarters of the local 808 pension and health fund union for more than 20 years, records show.

The deal is expected to close for about $330 per buildable square foot.

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[chris08876]

Note mentioned before in this compilation.
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Project: 187 Bridge Street

Within Downtown Brooklyn‘s detached island of urbanity between the Manhattan Bridge on-ramp and the Brooklyn-Queens Expressway, local architecture firm StudiosC has designed a modestly scaled, ground-up condominium at the corner of Bridge and Nassau Streets. Re-approved plans filed by the architect of record Karl Fischer detail an eight-story building with 12,000 square feet of gross floor area.

StudiosC’s project page says the building is envisioned as a statement to express its verticality and connect to its surrounding context seamlessly. It will present a modern facade of grey brick, light colored mortar joints, protruding corner windows, and two lines of juliet balconies. Inside will be nine condos crafted with a simple concept of what a luxury apartment can be. Homes will boast open layouts, large windows, wood floors, and windowed bathrooms with marble finishes. Construction of 187 Bridge is well underway with two stories remaining to frame out. Occupancy is slated for late 2016.

Current Status:



Credit: 6sqft

[chris08876]

Construction Update: 542 West 153rd Street




Credit: 6sqft

[chris08876]

Project: 150 Rivington Street


The Streit’s matzo factory, left, will be torn down to make way for 150 Rivington Street.

Katz’s is not the only historic institution cashing in on the Lower East Side’s soaring real estate values. Demolition of the Streit’s matzo factory could begin by the end of the month. A year ago, the family-owned business sold the Rivington Street factory to developers for $30.5 million, bringing 90 years of matzo production there to an end. It will be replaced with a seven-story glass condo, 150 Rivington Street, that will house 45 one- and two-bedroom apartments. Sales begin in May, with one-bedrooms starting at around $975,000.

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http://www.nytimes.com/2016/04/24/re...rise.html?_r=0

[streetscaper]

Great updates Chris!

[chris08876]

Construction Update: 42-14 Crescent Street




Credit: LICCourt

[chris08876]

Project: 1875 Atlantic Avenue



PDF: http://www.masseyknakal.com/listingi...ue_-_Setup.pdf

DESCRIPTION:

Massey Knakal has been retained on an exclusive basis to arrange for the sale 1875 Atlantic Avenue in Bedford Stuyvesant.
The subject property is an 80,963 buildable square foot development site with an existing 18,620 square foot warehouse.
The site is located outside the GEA, on the northwest corner of Atlantic Avenue and Columbus Place, allowing for
a 421(a) tax abatement as-of-right. The site also qualifies for an additional FAR Bonus via the Inclusionary Housing and
FRESH Initiative Programs. Further east along Atlantic Avenue is being considered a “growth corridor” for major mixed-use
rezoning and revitalization as part of the mayor’s $41 billion housing plan. The Ralph Avenue C Station is 3 blocks away,
providing access to Manhattan within 20 minutes and Downtown Brooklyn within 15 minutes. A recent Phase I and II Environmental
Survey can be provided upon request and demolition of the existing structure is underway.

[chris08876]

Project: 787 11th Avenue

Hedge funder Bill Ackman and Adam Flatto’s Georgetown Co. unveiled plans for the office redevelopment of an eight-story building on Hell’s Kitchen’s “Auto Row.”

Ackman partnered with Georgetown and investment firm Main Street Advisors at 787 11th Avenue, which is located between West 54th and West 55th streets and currently houses auto dealerships Jaguar Land Rover Manhattan, Infiniti of Manhattan and Nissan of Manhattan.

The partners shelled out $255.5 million to acquire the building from Ford Motor Co. last year and are investing another $100 million in an extensive renovation, led by noted architect Rafael Vinoly. The project will transform the floors above the dealerships into upscale offices, according to the Wall Street Journal.

Ackman’s hedge fund, Pershing Square Capital Management, is set to occupy a two-story glass penthouse addition atop the property – complete with a wraparound terrace — once work is completed near the end of 2017. There will also be a 12,000-square-foot rooftop deck available to tenants atop the penthouse addition.

The developers are asking rents in the mid-$70s per square foot at the property.

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http://www.wsj.com/articles/manhatta...ers-1461541521

[Busy Bee]

Originally Posted by chris08876

Project: 1875 Atlantic Avenue



PDF: http://www.masseyknakal.com/listingi...ue_-_Setup.pdf

What's with the horrible blank wall? That's rubbish.

[chris08876]

Project: 253 Tompkins Avenue

Designed by Issac and Stern, the development will bring 11 apartments to the corner of Tompkins Avenue and Van Buren Street, a few short blocks from the Bedford-Nostrand stop on the G train. They’ll be divided across 9,748 square feet of residential space, giving us average units of 886 square feet.

The first three floors will hold two units each, and the fourth and fifth floors will have two half-floor units and a duplex. The top floor will have one penthouse. Both the duplex and penthouse will get private terraces. The plans also include a shared backyard.

No parking is included, because the project is small enough to duck the city’s requirements.

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NYY

[chris08876]

Project: 1674 Park Avenue (Recently finished)

As the Upper East Side continues to extend itself northward, the southern portions of East Harlem are becoming increasingly trendy, yet still relatively affordable compared to other on-the-cusp ‘hoods. And if you’re looking to get in on the action, three $822/month studios have just come up through the city’s affordable housing lottery at 1674 Park Avenue, a newly constructed rental building at 118th Street. They’re available for single persons earning between $28,183 and $36,300 annually.

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6SQFT

[Busy Bee]

^Whats going on with the the mismatched brick on the parapet?

[chris08876]

Project: 411 East 178th Street

Here’s a first look at a new two-building development in the Bronx‘s East Tremont section designed by COOKFOX. Developed by nonprofit Breaking Ground, the project will include housing for low-income families and formerly homeless individuals, in addition to on-site social services and a community room. The structure will be encased in brick, which will have alternating rows protruding and receding by a half inch, giving it an appearance meant to reference “ocean sand or tree bark patterns.” It will also boast many eco-efficient features and will qualify for Zone Green benefits, allowing extra floor area for affordable homes, according to the architects.

Permits were approved in March for construction on the adjoining buildings at the corner of East 178th Street and Park Avenue. The development site was formerly industrial and is situated between the Metro North Harlem Line and Webster Avenue.

The first building, the Webster Residence at 411 East 178th Street, will rise eight stories and house 171 apartments, the community room, and facilities for the offices used by the social services. The second, the Park House at 4275 Park Avenue, will be 12 stories and include 248 apartments. Amenities include basement storage, bike rooms, fitness rooms, laundry rooms, and on-site parking.

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6sqft

[chris08876]

Project: 366-370 Gates Avenue

New condos are growing at 366-370 Gates Avenue in the heart of Bed-Stuy, and we have the first look at the new project.

Developer Tower Real Estate Investments sent along a rendering and details on their four-story, three-building development. The complex is under construction between Bedford and Nostrand avenues, five blocks from the Bedford-Nostrand G train stop.

The finished buildings will hold 16 apartments – eight two-bedroom, two-baths and eight one-bedrooms. They’ll be divided across 15,800 square feet, giving us an average unit size of nearly 1,000 square feet.

The apartments will be fairly high-end for the neighborhood. The developers promise they’ll be equipped with “smart wiring” that allows the buyer to wirelessly connect and control their thermostat, speakers, and security cameras from their phone.

The architects of record are Suresh Manchanda’s L&C Associates.

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[chris08876]

Project: 950 East 176th Street

The latest offering is at 950 East 176th Street. It’s Building A of the Crotona Terrace development and will have 79 affordable units. Though the address is just a few short blocks from the park, it’s also directly adjacent to the Cross Bronx Expressway and elevated tracks of the 2/5 trains, a fact that might seem like less of a nuisance considering the apartments range from $975/month studios to $1,486/month two-bedrooms.

The 115,000-square-foot project will altogether have 175 apartments, as well as 10,000 square feet of ground-floor retail and commercial space.

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6sqft

[chris08876]

Project: 38-01 Queens Boulavard

Developers of a Queens site plan to construct a glass-and-steel building geared toward medical, nonprofit and community-service tenants.

Curbcut Urban Partners LLC and Platinum Realty Associates have unveiled renderings for a nine-story, mixed-use building at 38-01 Queens Blvd., a site that sits on the border of the Long Island City and Sunnyside neighborhoods.

As nonprofit, arts and other public-sector organizations have begun migrating to the outer boroughs in search of affordable space, Curbcut saw an opportunity to fill that need, said David Lebenstein, executive managing director at real estate services firm Cushman & Wakefield, which is the leasing agent for the property.

The 146,000-square-foot building will have some general office and retail space, but zoning rules require a large amount of the property be developed for community-service uses.

Its design caters to these types of tenants with features such as multiple separate lobbies, entrances and elevators, said Aaron Malinsky, Curbcut’s chief executive.

The building also will have a rooftop deck and outdoor terraces. Large glass show windows face the elevated 7 subway line. The project’s estimated cost, including the acquisition and cleaning of the site, is more than $65 million, Mr. Malinsky said. Space in the building will be available to lease or purchase as commercial condominiums.

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http://www.wsj.com/articles/whats-the-deal-1462146112

[chris08876]

Project: 36-31 31st Street

The seven-story project will rise at 36-31 31st Street, half a block from the 36th Avenue stop on the N and Q trains. Twenty apartments will be stacked on top of a 1,200-square-foot retail space. Since they’ll be distributed across 15,140 square feet of residential space, the average unit will measure 750 feet, which is typical for rentals.

Each of the upper floors will have four apartments, and the cellar will include nine cars.

The design, from T.F. Cusanelli & Filletti Architects, has many of the neo-Classical design touches we’ve come to expect from new construction in Astoria. The top three floors are set back from the rest of the building, and the cornices are surprisingly pronounced and detailed for a new building. It’s hard to say how it will fit in with the rest of the block, which is lined with aging wood frame houses and low-slung industrial buildings.

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