Top 10 biggest real estate projects coming to NYC
The biggest projects were big, but only half the projects exceeded 100K sf in November
Boston Properties and Rudin Management’s long-planned WeWork-anchored Dock 72 office building was the largest construction permit filed with the city in November. Another Brooklyn project, the four-building second phase of the city’s Livonia Commons development was second on the list. Gary Barnett-led Extell Development filed plans for two more Midtown residential buildings while Tzvi Lipsitz’s Affordable Housing Real Estate Corporation also filed two sets of plans, for two Brooklyn residential projects.
While the biggest projects were very big, only half of the projects this month crossed 100,000 square feet. Residential builds and storage facilities dominated. Brooklyn, with six projects, was by far the best-represented borough.
652 Kent Avenue, Brooklyn
Boston Properties and Rudin Management filed plans for a 17-story, 556,000-square-foot office building at the Brooklyn Navy Yards, called Dock72. The building’s anchor tenant, coworking space provider WeWork, has agreed to lease 220,000 square feet of space. Asking rents at the building run between $60 and $70 per square foot, Rudin VP Michael Rudin told The Real Deal in September.
463, 487 and 500 Livonia Avenue, 453 Hinsdale Street, Brooklyn
The city kicked off the second phase of its Livonia Commons development, filing plans for four East New York affordable rental buildings, totaling 336,000 square feet housing 292 apartments, 27,000 feet of commercial space and 21,000 square feet of community facilities. The developers are BRP Companies, Local Development Corporation of East New York, HELP USA and Common Solutions.
3024 Cropsey Avenue, Brooklyn
Queens-based Storage Deluxe filed a permit application for a seven-story, 157,000 square foot storage facility on Coney Island. Six berths are planned. Butz Wilbern, based in Virginia, is the architect of record.
842-826 Seventh Avenue, Manhattan
Extell Development is planning a 29-story, 112,000-square-foot residential and retail building at Seventh Avenue and West 54th Street. It will hold 54 apartments across 74,000 square feet of residential space, along with 38,000 square feet of retail space on the lower six floors. Extell paid $24.5 million for 842 Seventh Avenue in 2007, and $37.6 million for 846 Seventh Avenue in 2014.
111 East 172nd Street, Bronx
Community Access, a health nonprofit, filed plans for 14-story, 107,000-square-feet building in the Bronx. About half its units will be used as “supportive housing” for people suffering from mental illness or drug addiction. The rest will be affordable at 50 percent of the neighborhood’s median income. Peter Woll is the architect of record.
630 East New York Avenue, 577 Maple Street, Brooklyn
Tzvi Lipsitz’s Affordable Housing Real Estate Corporation filed permit applications for two connected seven-story buildings in Prospect Lefferts Gardens, totaling 87,000 square feet. They will hold 26 apartments in 26,000 square feet of residential space, 993 square feet per unit. It was also include a 17,000 square foot community facility and 13 subterranean parking spaces.
5002 Second Avenue, Brooklyn
Banner Development is planning a 140,000-square-foot self-storage facility in Sunset Park, two blocks from New York Harbor. Long Island-based Frank Relf is the architect of record.
668 Bushwick Avenue, Brooklyn
In addition to its pair of Crown Heights residential buildings, Tzvi Lipsitz Affordable Housing Real Estate Corporation is planning a six-story, 54,000-square foot mixed-used building at the site of a KFC restaurant in Bushwick. It will have 52 residential units in 35,000-square feet of residential space, 678 per unit. It will have a 9,400-square-foot retail space on the ground floor and a 92,000-square foot community facility on the second floor.
134 West 58th Street, Manhattan
Extell filed an application for yet another Midtown residential building, just south of Central Park. It will stand 18 stories, and hold 41 apartments in 52,000 square feet of space. Isaac & Stern Architects will answer for the design.
21-07 Astoria Boulevard, Queens
Antonios Dagounakis’ Figame Management is planning a 55-unit apartment building with 9,000-square-feet of ground floor retail between 21st and 22nd streets in Astoria. The apartments will occupy 38,000 square feet of residential space, 690 square feet per unit.