The Real Deal New York

The top 10 biggest real estate projects coming to NYC

An affordable housing development in the Bronx topped the list
By Miriam Hall | July 24, 2017 07:00AM

Clockwise from top left: rendering of 29-55 Northern Boulevard and Douglas Durst (Credit: CityRealty and Getty Images), rendering of 315 Linwood Street (Credit: Michael Gelfand/MHG Architects), 165-20 Archer Avenue and a rendering of 1932 Bryant Avenue
(Credit: Association of New York Catholic Homes
and Dattner Architects)

The Durst Organization’s plans for a nearly 1-million-square-foot mixed-use project in Long Island City was the biggest real estate project filed with the city last month.

The company wants to build 763 rental units on Northern Boulevard in Queens. It’s just one of several developments slated for the outer boroughs. Queens, Brooklyn, the Bronx and Staten Island all feature heavily on the list of June’s top developments. Only two of the 10 projects are planned for Manhattan, according to The Real Deal’s analysis of Department of Buildings filings.

Take a look below for a rundown of the biggest permits filed in June:

1) 29-55 Northern Boulevard, Queens
The Durst Organization is planning to build what would be the biggest residential project in Queens, based on unit count, at the Clock Tower development site. The company filed plans last month for a nearly 1 million-square-foot mixed-use project at 29-55 Northern Boulevard in Long Island City.

The proposed tower will feature 763 rental units across 786,355 square feet of residential space. There would also be 8,702 square feet of commercial space, according the the plans. Handel Architects is the architect of record.

The site at 29-55 Northern Boulevard was previously owned by Property Markets Group and Hakim Organization. The developers were planning to build a mix of condos and rentals, but they sold the property to Durst last year for $175 million instead.

2) 1932 Bryant Avenue, Bronx
Tony Savarese’s Sav Enterprises wants to build 319 affordable housing units in West Farms, a neighborhood just north of the Cross Bronx Expressway. The proposed 15-story building at 1932 Bryant Avenue would span a total of 296,722 square feet, including 12,075 square feet for commercial space and 275,636 square feet for residential space, according to a permit application filed with the DOB last month. Dattner Architects is the architect of record.

The nonprofit Second Farms Neighborhood Housing Development Fund owns the land, which is currently home to a vacant garage. The Association of New York Catholic Homes is developing the project.

3) 10 Schroeders Walk, Brooklyn
Arker Companies filed plans for another piece of the Fountains East New York mixed-use complex that it’s developing with Seaview One Housing Development Fund Corporation. The proposed seven-story building would feature 200 units, with 154,637 square feet for residential space and 11,162 square feet for commercial space.

Arker bought the site for complex for $10 million through Empire State Development, according to Real Estate Weekly. The plan is to build eight buildings at the housing development. In May, the company filed plans for an apartment that would feature 144 units across 118,462 square feet.

4) 266 Wild Avenue, Staten Island

A 123,600-square-foot self-storage facility is coming to Wild Avenue in the Travis neighborhood of Staten Island. Gunit Sabharwal of Sabharwal Properties wants to build a four-story building with four loading berths and parking for 12 cars.

5) 315 Linwood Street, Brooklyn

B&B Urban filed plans to build 100 affordable housing units at 315 Linwood Street in the Cypress Hill section of East New York. It’s the company’s first move into Brooklyn, and the proposed 10-story building will have 30 percent of its units set aside for formerly homeless families, the firm’s principal Alan Bell told TRD earlier this month. The building would feature around 89,500 square feet in total, including 3,660 square feet of commercial space.

The site at 315 Linwood Street was opened up for residential use by the East New York rezoning plan.

6) 165-20 Archer Avenue, Queens

Hotel developer Manny Chadha wants to replace a car wash in Jamaica with a 206-room Holiday Inn Express, DOB filings show.

The 10-story, 72,062-square-foot hotel would be located at 165-20 Archer Avenue and feature seven rooms on the cellar level, 14 rooms on the first floor and between 19 and 23 rooms on the second through 10th floors. It would also feature a rooftop bar, Chadha told TRD last month. He said he plans to start building the hotel early next year.

“You’ve got to make some money, you know?” he said in June. “The car wash is definitely not the right fit. The zoning allows a lot more buildable square feet than we have.”

Michael Kang is the architect of record.

7) 112 East Clarke Place, Bronx 

The faith-based nonprofit Volunteers of America filed plans last month for a 14-story building with 122 affordable housing units. The building would span a total of 68,104 square feet, the filing shows. The organization, which focuses on social issues like homelessness and domestic violence, bought the vacant site at 112 East Clarke Place for $3 million earlier this year.

In May, it sold its building at 340 West 85th Street to the West Side Federation for Senior and Supportive Housing.

8) 2461 Broadway, Manhattan
Hampshire Properties is planning to build 33 apartments on the Upper West Side. The building would span a total of 64,419 square feet, according to the permit filed last month. It will feature 5,662 square feet of commercial space, the filings shows. Last year, Hampshire paid $37.6 million for the building and an adjacent commercial building.
The firm planned to “run the buildings as rentals” and also to realize the long-term value of the excess air rights,” Cushman & Wakefield’s Clint Olsen, who represented the seller, told TRD at the time of the sale. ODA is the architect of record.

9) 29 Featherbed Lane, Bronx

An eight-story building could rise in a vacant block in the Bronx, according to local investor Arjan Gjushi’s filing with the DOB last month. The plans for 29 Featherbed Lane are for a 61,031-square-foot building featuring 94 units. Badaly & Badaly Architects is the architect of record.

Gjushi purchased the property last year for $500,000 from the Stagg Group.

10) 316 Fifth Avenue, Manhattan
Cottonwood Management is planning a 40-story, 27-unit condominium tower in Koreatown, the permit shows.

Cottonwood purchased the development site, which is one block away from the Empire State Building, for $19.3 million in 2016. The 59,240-square-foot building would reach 535 feet, and replace the 113-year-old Kaskel & Kaskel Building. Retail space is planned for the ground floor and two units on the higher floors will be two-level apartments. Amenities include terraces, a gym and a reading room.