The top 10 biggest real estate projects coming to NYC
A 24-story mixed use building in Jamaica topped February’s list
Solomon Feder doubled up on major New York projects last month.
The Velocity Framers developer had two projects on February’s list of the top 10 buildings coming to New York City: a 286-unit residential building he has planned for Downtown Brooklyn and a 158-unit residential building slated for Long Island City.
The largest project plans filed in February were for a 522-unit mixed-use project in Jamaica at 147-07 94th Avenue, while other notable projects included a new Coney Island Hospital building and a new hotel in Chelsea. Overall, the list was split between four projects in Brooklyn, three projects in Queens, two projects in Manhattan and one project on Staten Island.
The full list of February’s top 10 biggest real estate projects is below:
1) 147-07 94th Avenue, Queens
Artimus Construction’s 24-story, 522-unit mixed use development coming to Jamaica topped February’s list of largest projects on their way to New York City. The project will span 427,537 square feet, split between 16,133 square feet of commercial space and 411,404 square feet of residential space, and GF55 Architects is designing it. Artimus acquired the ground lease for the property with Phoenix Realty Group in October 2016 in a deal that valued the property at $34 million.
2) 52-41 Center Boulevard, Queens
Queens took the number two spot as well thanks to TF Cornerstone filing permits for the company’s second building at 52-41 Center Boulevard. This part of the Hunters Point South complex will stand 46 stories tall and contain 394 residential units across about 374,000 square feet. The project will include roughly 8,000 square feet of community space and 850 square feet of commercial space as well. The site will also include a 56-story, 800-unit building that TF Cornerstone filed plans for in October.
3) 2619 Ocean Parkway, Brooklyn
Brooklyn’s first spot on the list comes courtesy of a new building on its way to the Coney Island Hospital campus. The property at 2619 Ocean Parkway, located next to the facility’s 371-bed location at 2601 Ocean Parkway, will stand 10 stories tall and span about 903,000 square feet. It will function as the resilient critical services building for the hospital and include a pharmacy, laboratory and emergency department. A grant from the Federal Emergency Management Agency that New York’s public hospitals received after Hurricane Sandy will fund the building.
4) 1441 South Avenue, Staten Island
Staten Island made its first and only appearance on the list at number four with plans for a 222,272-square-foot parking garage at 1441 South Avenue in the Bloomfield neighborhood. The project from the Nicotra Group will contain 640 parking spots and serve as an accessory to a new office building. CetraRuddy will design the office building, and the garage will also contain spots for 64 bicycles, according to New York YIMBY.
5) 260 Gold Street, Brooklyn
Feder’s plans to turn a Downtown Brooklyn parking lot into a 286-unit apartment building rounded out the top five projects for February. The developer has filed plans for a 13-story project at 260 Gold Street that should span just under 191,000 square feet. Feder agreed to buy the lot in October from Michael Zacharias, but the deal’s details have not been filed yet.
6) 113 West 24th Street, Manhattan
Manhattan’s first appearance on the list came thanks to Lam Generation’s plan to build a 38-story hotel in Chelsea at 113 West 24th Street, right by its Marriott at 112 West 25th Street. They hotel would contain 360 rooms, span roughly 130,000 square feet and stand 420 feet tall.
7) 45-57 Davis Street, Queens
Feder made his second appearance on the list for a project at 45-57 Davis Street in Long Island City. The development will stand nine stories tall and include 158 units across roughly 107,000 square feet, with about 290 square feet reserved for retail. Vorea Holdings initially purchased the site for roughly $21 million, but Feder said they then flipped it to him for $24.8 million. Feder plans to make 30 percent of the project’s units affordable and 70 percent market rate, and he received a $19 million mortgage for his purchase from Slate Property Group’s lending arm.
8) 314 West 127th Street, Manhattan
A 12-story, 117-unit building coming to Harlem took the number eight spot on February’s list. The project will span 96,896 square feet, and EQ Architecture will design it. The organization Center for Urban Community Services has partnered with the Department of Homeless Services to develop the project, which will provide support for people who need criminal justice assistance and have health issues, according to YIMBY.
9) 159 Broadway, Brooklyn
Another mixed-use project took the number nine spot with Isaac Hager’s plan to build a 26-story development at 159 Broadway in Williamsburg. The project, split between hotel space and residential space, will contain 21 residential units and stand 277 feet tall, spanning just under 96,000 square feet in total. The project will feature about 77,000 square feet of commercial space and about 18,000 square feet of residential space. Cornell bought the property in November for about $26.2 million. It was previously expected to be the site of the Williamsburg hotel, which would have been 26 stories tall with 13 residential units.
10) 350 Hicks Street, Brooklyn
Fortis Property Group closed out February’s list with a seven-story mixed-use project in Cobble Hill. The project, designed by FXFowle Architects, would be split between 59,693 square feet of residential space and 58,767 square feet of community space. The same team filed permits at the site in 2016 for a 19-story building with 48 apartments, and the current community space is expected to be for medical purposes, according to YIMBY.