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The suburbs are second-rate. Cookie-cutter houses, treeless yards, mediocre schools, and more crime than you think. Do your family a favor and move closer to the city.
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If all others accepted the lie which the Party imposed, if all records told the same tale, then the lie passed into history and became truth. -Orwell
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The suburbs are second-rate. Cookie-cutter houses, treeless yards, mediocre schools, and more crime than you think. Do your family a favor and move closer to the city.
NEW YORK | 30-77 Vernon Boulevard | FT | FLOORS (710 Units)
Project: 30-77 Vernon Boulevard
Quote:
Cape Advisors has started to file plans for its massive 710-unit residential project on the Astoria waterfront.
The company pre-filed plans with the Department of Buildings on Friday for buildings at 11-28 and 11-12 30th Drive, also known as 30-77 Vernon Boulevard. The one at 11-28 30th Drive will span about 174,000 square feet with 266 residential units, while the one at 11-12 30th Drive will span about 200,000 square feet with 275 residential units. Both buildings will stand nine stories tall, and the one at 11-12 30th Drive will include 500 square feet of commercial space.
The project will ultimately include three buildings and span about 650,000 square feet overall. All units will be rentals, and about 30 percent will be affordable, according to Cape Advisors.
Lonicera Partners is looking to build a 160-unit apartment complex in Downtown Brooklyn.
The firm, headed by Demetrios Yatrakis, filed permits for a 23-story mixed-use property at 308 Livingston Street, just a few blocks away from the Brooklyn Academy of Music. Plans call for a 115,790-square-foot building with 109,331 square feet of residential space and 6,459 square of commercial space.
Planned amenities for the building include bicycle storage, a fitness center, a tenant amenity room and a rooftop deck. If approved as proposed, the structure would be 235 feet tall. The project would be built less than a block away from TF Cornestone’s newly-completed 714-unit residential tower at 33 Bond Street.
The planned structure will replace a three-story terra cotta structure built in 1910. The retail spaces in the property is currently occupied by wig shop Hair Heaven and hair salon Le Touch Unisex.
It’s unclear when Lonicera acquired the property. The last time the property changed hands was in 2002, when it was transferred to Amrik S. Hira.
JCS Realty has purchased three neighboring South Bronx sites along Grand Concourse, where they are planning to build a residential project with 520 units, according to property records and sources familiar with the deal.
A group of investors including Henry Kessler sold the properties at 296, 310 and 334 Grand Concourse to JCS Realty for a total of $27.7 million, split between $7.9 million for 334 Grand Concourse, $9.5 million for 310 Grand Concourse and $10.3 million for 296 Grand Concourse. The investment group previously purchased 296 and 310 Grand Concourse in 2008 for a total of $5.1 million and 334 Grand Concourse in 2002 for an unclear price.
The sites currently consist of two parking facilities at 296 and 310 Grand Concourse and a one-story commercial building at 334 Grand Concourse, and they are located between East 138th and East 140th Streets. JCS’ project will likely stand 12 stories tall and span about 400,000 square feet, and the company is still deciding whether the units will be affordable or market-rate, sources said.
An existing commercial structure at 2330 Broadway on Manhattan’s Upper West Side will be demolished and replaced with a state-of-the-art wellness facility and residential housing for senior citizens. Under development by Welltower, Inc. the property will be the global health provider’s second senior living property in New York City.
Real estate investment firm Hines and a passive institutional partner are credited co-developers of the new property. The building is designed by SLCE Architects, who also designed Sunrise at East 56th Street, Welltower’s first upscale senior facility.
The new property will stand 17 stories above 85th Street and will comprise 140,000 square feet, including both memory care facilities and senior living areas. Further details on interior components and design of the building have not been revealed by the developers.
Proposals submitted to NYC’s Department of City Planning reveal a sizable mixed-use development coming to 47-15 34th Avenue in Astoria, Queens.
The 14-story building would yield up to 191 market rate apartments, 47 affordable homes, nearly 21,000 square feet of retail, 5,000 square feet of ground floor community areas, and 101 parking spaces located both above and below-ground. Residential amenities and a private courtyard are located on the second level of the podium.
Ashley Young LLC and John Young Associates are listed as applicant entities for both rezoning proposals.