The Real Deal New York

Top 10 biggest real estate projects coming to NYC

Affordable housing projects dominated October's largest permit applications

November 12, 2015 08:00AM
By Ariel Stulberg

Top permits

Clockwise from the top left: Morris Moinian, a rendering of the West Farms redevelopment in the South Bronx, Mark Stagg and Barnard College’s new teaching and learning center at 32 Claremont Avenue in Morningside Heights (credit: SOM)

It’s still a long way to Mayor Bill de Blasio’s goal of creating or preserving 200,000 affordable housing units by 2025, but the city’s developers did their part in October. Affordable housing projects dominated last month’s largest permits, with Monadnock Construction’s 1903 West Farms Road in the Bronx and a city project developed by Acacia Networks at 413 East 120th Street in East Harlem leading the way.

Another theme this month was relatively low-rise structures. Just one of the top 10 projects is planned to stand taller than 20 stories, Fortuna Realty’s future hotel at 1150 Sixth Avenue in Midtown. Total floor space at the projects was still high however, with all 10 permits clearing 100,000 square feet, according to data from PropertyShark.

A rendering of the West Farms redevelopment in the South Bronx

1903 West Farms Road, Bronx

Monadnock Construction is planning a 15-story, 184,000-square-foot affording rental rental building near the Bronx River in West Farms, part of a 10-building development. The structure will house 185 apartments spread across 169,000 square feet of residential spaces. It will also contain two retail spaces totaling 3,900 square feet, as well as 11,000 square feet for a clinic and a community facility. Dattner Architects is designing.

413 East 120th Street, Manhattan

The city government filed plans to build a 12-story, 172,000-square-foot affordable housing building on an East Harlem site that was formerly home to a school. Acacia Networks will develop the project, which will take about two years to complete. The Magnusson Architecture and Planning-designed building will house about 164,000 square feet of residential space, 5,400 square feet of retail, and a 4,300-square-foot community facility.

145-01 101st Avenue, 97-46 146th Street, 97-34 Sutphin Boulevard, Queens

Jamaica, Queens-based Kaushik Patel filed permit applications to build three hotels totaling 166,000-square-feet on a block-wide lot bound by 146th and Waltham streets and 101st Avenue in Jamaica. The hotels will be branded as Country Inns & Suites, La Quinta Inns & Suites and a Wyndham Garden, and house 142 rooms, 108 rooms and 148 rooms respectively.

Morris Moinian

Morris Moinian

22 Eckford Street, Brooklyn

Heatherwood Communities is planning a 135-unit, 153,000-square-foot rental building in Greenpoint. The structure will stand seven stories and include a 68-car enclosed parking garage. The Long Island-based Heatherwood bought the property for $16 million from an undisclosed seller, closing last month. Goldstein, Hill & West is the architect of record.

1150 Sixth Avenue, Manhattan

Morris Moinian’s Fortuna Realty Group filed a permit application for a Ismael Leyva-designed 310-key hotel standing 38 stories above Midtown and spanning over 138,000 square feet of space. Fortuna bought the property, the Pan American Magazine Building, in 2012 for $39 million.

412 West 126th Street, 418 West 126th Street, Manhattan

Bo Jin Zhu filed plans for two new structures in West Harlem, a nine-story hotel and a 16-story apartment building. The latter structure will house 75 residential units within 59,000 square feet of space. The two buildings together will hold 65,000 square feet of commercial space, though neither its distribution nor the number of planned hotel rooms is known.

1040 St. John’s Place, Brooklyn

Soft Stone Development, a Borough Park-based firm affiliated with secretive developer Chaim Miller, is planning a seven-story 122,000-square-foot mixed-use building in Crown Heights. The structure will house 122 apartments in 84,000 square feet of residential space, along with a community facility totaling 29,000 square feet. Affordable Housing Real Estate Corp., the site’s owner, bought it 2004 for $1.9 million.

Barnard's New Teaching and Learning Center at (credit: SOM)

Barnard’s New Teaching and Learning Center at 32 Claremont Avenue in Morningside Heights (credit: SOM)

32 Claremont Avenue, Manhattan

Barnard College filed plans for an 118,000-square-foot facility to include library, labs, classrooms and a cafe between 116th and 119th streets, to replace the school’s library, Lehman Hall. Most of the structure will stand five stories, with a smaller, thinner section rising to 12 stories. Demolition at the site will begin this winter, with the new building opening in mid-2018.

Mark Stagg

Mark Stagg

3084 Webster Avenue, Bronx

The Stagg Group filed a permit application to build a 11-story, 116-unit residential building in Northwood between East 202nd and East 203rd streets. The building will span 116,000 square feet total, with the vast majority devoted to residential. An additional 4,000 square feet will be set aside for retail. The developer bought the site last year for $4.1 million.

308 Mulberry Street, Manhattan

Broad Street Development is planning a 12-story, 103,000-square-foot residential building with ground floor retail in Noho. The structure, to be designed by Rawlings Architects, will house 58 units. Broad Street brought the existing building on the site, along with 298 Mulberry Street, for $178.5 million this year.