HAP Investment Developers has unveiled its designs for a 117-unit, 21-story apartment building in Chelsea that will replace longtime soccer pub Smithfield. [more]
Posts Tagged ‘american development group’
UPDATED, 12:32 p.m., Aug. 22: American Development Group and Langsam Property Services have sold a Chelsea site for about $50 million to a mystery buyer who plans to build a 147-unit residential tower, The Real Deal has learned exclusively. [more]
Sales have launched at Park Union, a new luxury Park Slope condominium conversion by American Development Group.
The historic, pre-war building at 910 Union Street between Eighth Avenue and Grand Army Plaza has 15 residences — two one-bedroom, two two-bedroom and 11 three-bedroom homes. It is being marketed by Halstead Property Development Marketing. The units range in size from 735 square feet to 1,905 square feet and in price from $799,000 to $2.29 million. [more]
A Coney Island development site ready for a 22-story building is hitting the market for $14 million, ERG Property Advisors, the site’s exclusive marketers told The Real Deal.
The property is located at 271 Seabreeze Avenue, near the Atlantic Ocean and adjacent to the Coney Island boardwalk and Seaside Park. It is zoned for residential, hotel or senior living use, and plans drawn up by owners American Development Group would sustain up to 153 apartments, or 183 extended-stay hotel rooms, and 102 parking spaces. [more]
Despite city policymakers and environmentalists advocating against motor vehicles on Manhattan Island, several developers are betting that wealthy homebuyers still value their cars, the New York Times reported. And in a bizarre twist, three of the most notable new condominiums with parking stand along 24th Street. In Chelsea, there’s the Millhouse Properties-developed 159 West 24th Street, an eight-story, 24-unit building with eight internal parking spaces. While two are reserved for penthouse buyers, the remaining six will sell for $200,000. Four avenues west along 24th Street is 200 Eleventh Avenue, developed by Young Woo & Associates and Urban Muse, where most of the building’s sixteen units come with a parking space next to the living room. … [more]
Over a six-day period next month, Paramount Realty USA will host an auction of $50
million worth of New York commercial real estate.
Misha Haghani, a principal at Paramount, which was hired by the various owners
of the six properties to hold the auction, said it’s the largest group of New York City
commercial properties to be auctioned in at least 10 years.
The properties include stalled condominiums in Crown Heights, Coney Island-
Brighton Beach and East Harlem, and mixed-use developments in Sheepshead Bay,
East Harlem, and Roslyn Heights, LI.
Headlining the auction is 271-275 Sea Breeze Avenue, near the border of Brighton
Beach and Coney Island, where American Development Group had planned to erect
a 151,000-square-foot, 22-story luxury condominium…. [more]
A new developer has taken over a beleaguered condominium project in Park Slope, with plans to add a four-story addition to the squat Depression-era building just outside the tony neighborhood’s landmark district.
Brian Lockner, head of acquisitions for American Development Group, the developer behind Little Italy’s 123 Baxter and its robotic parking garage, said his firm inked the deal early last month to take over construction of the 18-unit Park Slope project at 910 Union Street from Yachad Enterprises. Lockner said his company is having “very productive conversations with a few banks” and expects to secure financing by mid-summer.
The three-story brick building, most recently a church and schoolhouse, is one of roughly two dozen properties in Park Slope across from Prospect Park that are not protected by city landmark laws. Owners seeking to alter the exterior of a building within a landmark district must get approval from the city Landmarks Preservation Commission, which can add years to a project as transformative as the one Lockner’s firm is planning. … [more]