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Five most expensive NYC condo plans of 2021 total $463M

By Atticus O’Brien-Pappalrdo PincusCo recently examined condominium development in New York City from January 2020 through May 2021. The report found that Brooklyn was outpacing both Manhattan and Queens in terms of condominium units planned in the boroughs. Now, PincusCo is taking a look at the five most expensive condominium plans filed so far this year, in terms of sellout price, to see which developers…

Senlac, Macklowe file demo in Park Slope to prep for 40-unit mixed-use building

Senlac Ridge Partners and William Macklowe Company, on June 29, filed a permit application for the demolition of a building at 120 5th Avenue in Park Slope, Brooklyn. Gary Griggs, senior project manager at William Macklowe Company, filed the plans. New building plans were filed in 2017 for a 62-foot tall, four-story, 52,012-square-foot mixed-use building with 40 dwelling units at the site. According to reports,…

Gilar Realty files demos in Murray Hill ahead of 122-unit project

Gilar Realty, on June 29, filed two permit applications for the demolition of two buildings at 534 Third Avenue and 536 Third Avenue in Murray Hill. Robert Gilardian filed the plans. The demolitions will help clear way for a 190-foot tall, 17-story, 93,435-square-foot residential building with 122 units which the developer filed plans for last May. The new building plans have addresses of 162 East…

Permit for 96-key hotel in Jamaica

Liberty Tuck NY LLC, on June 30, was given a permit for construction of a 96-key, 59,145-square-foot hotel at 104-16 Tuckerton Street in Jamaica. Tejpal Sandhu filed the plans. The plans, pre-filed on October 14, 2020, call for the construction of an 84-foot tall, eight-story hotel. The project is described in the filings as: this application is filed for new eight-story transient hotel with community…

Related permitted for $15M build-out at 50 Hudson Yards

Related Companies, on June 30, was given a permit for a $15 million build-out of three floors of an office building at 415 Tenth Avenue, known as 50 Hudson Yards, in Hudson Yards. The developer recently received permits for additional $15 million and $20 million build-out projects at the building. All of the plans were filed together in a series of permit applications filed for…

Palladium Property Group files plans for 101-unit mixed-use building in East Harlem

Palladium Property Group, on June 24, filed a permit application for construction of a 101-unit, 76,790-square-foot mixed-use building at 185 East 109th Street in East Harlem, Manhattan. Joe Nebenzahl, manager at Palladium Property Group, filed the plans. Palladium Property Group, an international real estate investment brokerage, typically focusses in off market direct to owner assets, according to the firm’s website. The plans call for the…

Parkland Group files plans for 103K sf storage building in Yorkville

The Parkland Group, on June 25, filed a permit application for construction of a 103,412-square-foot storage building at 424 East 90th Street in Yorkville in Manhattan. Steven Brauser, CEO of the Parkland Group, filed the plans. The Parkland Group, a development and investment company based in New York city, has also developed residential projects in the past. One of those projects is the 23-story luxury…

Plans filed for 44-unit resi building in Tremont

Lulzim Leguci, on June 25, filed a permit application for construction of a 44-unit, 25,861-square-foot residential building at 106 Mount Hope Place in Tremont, the Bronx. The plans call for the construction of a 98-foot tall, eight-story residential building, and were filed with the New York City Department of Buildings under number X00546393. The development site spans one tax lot. The project is described in…

Anbang Insurance Group files plans for $70M multi-floor rehab of Waldorf Astoria Hotel

Anbang Insurance Group, on June 24, filed plans for a $70 million rehab of several floors of the Waldorf Astoria Hotel at 301 Park Avenue in the Plaza District of Manhattan. The plans call for work on floors five through 12 of the 570-foot tall, 44-story building, and were filed with the New York City Department of Buildings under number M00482474. The plans were filed…

Park Tower Group permitted for 374-unit mixed-use building in Greenpoint

Park Tower Group, on June 25, was given a permit for construction of a 374-unit, 318,639-square-foot mixed-use building at 35 Commercial Street in Greenpoint, Brooklyn. Guy Morton, vice president of construction at Park Tower Group, filed the plans. The plans, pre-filed on April 3, 2020, call for the construction of a 213-foot tall, 22-story mixed-use building. The project is described in the filing as: new…

Permit issued for Xenolith, Kretchmer 201-unit senior housing tower in Soundview

The New York City Housing Authority, on June 25, was given a permit for construction of a 201-unit, 136,017-square-foot residential building at 1001 Thieriot Avenue in Soundview, the Bronx. Xenolith Partners, the Kretchmer Companies, ELH Mgmt., and JASA are all part of the development team, according to Yimby. In May of last year, The New York City Housing Authority filed a zoning lot description to…

City files plans for 42K sf school in Staten Island

New York City School Construction Authority, on June 25, filed a permit application for construction of a 42,393-square-foot school building at 348 Deisius Street in Huguenot, Staten Island. The plans call for the construction of a 58-foot tall, three-story building. The project is described in the filings as: PS5R herewith filing three-story new school building. According to the plans, the ground floor of the building…

Related permitted for $15M build-out at 50 Hudson Yards office tower

Related Companies, on June 24, was given a permit for a $15 million build-out of three floors of an office building at 415 Tenth Avenue, known as 50 Hudson Yards, in Hudson Yards. The plans were part of a series of permit applications filed for $65 million of work at the building last November. The developer recently received a permit for a $20 million build-out of…

Sachs Companies signs $81.2M refi loan for three properties in Manhattan

Sachs Companies through the entity 155 East Property LLC as borrower signed a refi loan with lender Prime Finance Partners through the entity Prime Finance Short Duration Holding Company II LLC valued at $81.2 million for three properties including the 56-unit office building (O6) at 155 East 55th Street in Plaza District, Manhattan, 79-unit rental (D6) at 65 West 55th Street in Plaza District, Manhattan,…

Rolex files plans for 155K sf commercial office building in Plaza District

Watchmaker Rolex, on June 23, filed a permit application for construction of a 155,883-square-foot commercial office building at 665 Fifth Avenue in the Plaza District of Manhattan. Robert Kaden, Director of facilities at Rolex, filed the plans. A 2020 PincusCo analysis exploring how Covid-19 could impact Fifth Avenue identified the Rolex Building as having the 17th most feet of frontage on the Avenue. The project,…

Lendlease files plans for 477-unit mixed-use building in Greenpoint, part of 800-unit plan

Lendlease, on June 22, filed a permit application for construction of a 477-unit, 437,596-square-foot mixed-use building at 1 Java Street in Greenpoint, Brooklyn. Isaac Henderson, development director at Lendlease, filed the plans. The developer first released plans for the project with partner Aware Super back in 2018. At the time, the project was estimated to have a value of $718 million. Lendlease then released more…

L+M, National Black Theater file plans for 222-unit mixed-use building in Central Harlem

L+M Development Partners and the National Black Theater, on June 22, filed a permit application for construction of a 222-unit, 203,519-square-foot mixed-use building at 2033 5th Avenue in Central Harlem of Manhattan. Lisa Gomez, Chief Operating Officer and Partner at L+M, filed the plans. Last year L+M Development signed a $32 million development agreement with National Black Theater at the site. According to a PincusCo…

City seeks zoning changes to construct 556 affordable units at former Greenpoint Hospital campus

The city’s Department of Housing Preservation and Development is seeking zoning changes to develop two new buildings and facilitate the enlargement of two existing buildings which would provide roughly 553 units of affordable and senior housing. The changes would also allow for three units for superintendents, community facility uses, retail spaces, and the on-site replacement of the 200-bed Kleiman Residence homeless shelter. The development site…

Plans filed for 59-unit resi building at newly purchased Tremont site

Darwin Torres, on June 22, filed a permit application for construction of a 59-unit, 35,989-square-foot residential building at 1771 Weeks Avenue in Tremont, the Bronx. The property was acquired for $2.9 million on May 25, 2021. The plans call for the construction of a 74-foot tall, eight-story residential building, and were filed with the New York City Department of Buildings under number X00544328. The development…

Efraim Weber permitted for 124-unit mixed-use building in Clinton Hill

Efraim Weber, on June 22, was given a permit for construction of a 124-unit, 88,368-square-foot mixed-use building at 963 Atlantic Avenue in Clinton Hill. The permit issued was a new building permit. The developer received initial foundation permits in April. The plans, pre-filed on September 16, 2019, call for the construction of a 95-foot tall, nine-story building. The project is described in the filings as:…