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NYC Development News

Pearl Paint's Former Canal Street HQ Will Soon Be Home to Apartments

Longtime Canal Street institution Pearl Paint officially closed two years ago, and was listed for sale not long before that. And plans on file with the DOB suggest that it may soon become a mixed-use building with a few apartments.

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Gramercy Hospital Will Sell 24-Story Residential Building to Counter Losses

After posting losses for two consecutive years, Mount Sinai Beth Israel has decided to sell this 156-apartment building that houses its medical residents. Those residents will be relocated to buildings near their other locations.

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Former Brooklyn Heights Hotel Is Latest Witnesses Property to Hit the Market

This latest offering from the Witnesses spans 314,000 square feet and is located within the Brooklyn Heights Historic District. Any buyer will have to get approval from the Landmarks Commission to make exterior changes to the property.

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Public Art Will Revitalize Staten Island's North Shore

In the next few months, the developers of this project will award four fellowships to people in the fields of participatory art, urban design, policy, and graphic design, to lead the research, design, and community engagement efforts.

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Beloved Manhattan Art Supply Store Will Close Thanks to Influx of Supertalls

In 2013, the brothers who inherited the business from their parents, decided to sell the store and the building it is in for $65 million. That deal fell through, but the brothers inked a deal with Thor Equities the following year rumored at $85M.

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Hudson Yards's 38-Story Residential Building Gets Its First Rendering

The project came about after Lalezarian Properties' purchase of four lots on West 36th and 37th Streets between in 2012 and 2013 for a combined total of $46.9 million. They now want to bring a 38-story residential building to the site.

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Sunset Park Library's Transformation To Rentals Is Getting Closer To Reality

First proposed in 2014, the project to transform the Sunset Park branch into a larger library and 49 affordable apartments on top is getting closer to reality with BPL considering a temporary shift to a local courthouse during construction.

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Bed-Stuy's Former Beaux-Arts Bank Debuts as Rentals With a 'Bike Vault'

Bed-Stuy's Roosevelt Savings Bank, built in 1907, has reemerged as 50 apartments. Rentals in the building are asking from $1,895. Where else in Brooklyn can you store your bike in a former bank vault?

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Developers of Upper East Side Skyscraper May Have Skirted Zoning Regulations

Opponents of the building say that the 521-foot tower flouts current zoning rules

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Brooklyn's Rumored First Apple Store May Be Nearing Completion

Rumors around Apple's first Brooklyn store have been swirling around for years now, and a storefront in Williamsburg could just be it, but the owners of the building nor the tech giant have yet to confirm this.

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Bed-Stuy Rentals Targeting Artists Hit the Market From $1,994

Artist grads, look on: a new rental building on Franklin Avenue is now renting from $1,994. Amenities in the building include the typicals (gym, shared deck) and the less common (art studio, gallery).

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Touring 1 John Street, Dumbo’s Waterfront Condo With Lovely Views

Of the 12-story building's 42 apartments, only four are still on the market, and of those, contracts are already out on a couple. Sales have moved along at a steady pace since this project first went into the development stage three years ago.

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49-Story DoBro Rental Tower Is Rejected By Community Board

Development firm Savanna purchased the site at 141 Willoughby Street, which is currently home to the Institute of Design and Constriction, in early 2014 for $28 million. They need a zoning change to move forward with their plans.

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A 34-Story Tower Will Bring 103 Rentals to Kips Bay

The project came about after developers purchased by five, four-to-six story buildings located side by side on Third Avenue in a $50 million sale last year. This new building will also 3,000 square feet of retail.

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Gas-Station Replacing Hotel and Office Building Planned in Washington Heights

Developers Youngwoo & Associates purchased this site, which was once home to a Shell gas station, in the summer of 2013 for $12 million. They now want to build an 18-story hotel at the site which will also have offices and retail.

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Supertall Slated for 45 Broad Street One Step Closer to Reality

The developers behind the Financial District project have filed plans with the Department of Buildings. When complete, it'll stand 1,115 feet and hold 150 apartments. Pleasant surprise: they won't be that expensive.

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Islamic Cultural Center and Condos Slated For 45 Park Place Move Forward

When plans for this site were first introduced in 2010, it was dubbed the "Ground Zero Mosque" due to the inclusion of a 15-story Islamic cultural center as part of the project. Those plans have since been scaled back significantly.

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Behold, Richard Meier's 'Neo-Modernist' Monolith For the Far East Side

Pritzker Prize-winning architect Richard Meier has departed from his normal all-white palette for his next New York City building, a 42-story apartment tower on First Avenue. The building is poised to rise on a site long owned by billionaire...

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15-Story Rental Will Soon Rise Near the Queensboro Bridge

A 15-story, 43-unit residential building in Long Island City has successfully completed its foundation work. With that milestone, the development under way at 41-32 27th Street is set to begin its rise above the neighborhood.

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Trump's Son-In-Law Is Helping to Fund Brooklyn's First Supertall Tower

Brooklyn's first supertall tower will rise with help from Kushner Companies, the development firm of Jared Kushner. Kushner is married to Ivanka Trump, making him son-in-law to The Donald.

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A 19th-Century Noho Building Will be Replaced by More Apartments

The existing structure was built circa 1830, but its façade was significantly altered in 1984. This was the reasoning used by the LPC commissioners to allow for its demolition and replacement with a six-story, mixed-use building.

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Brooklyn Heights Library Redevelopment Will Begin Soon

The plan to redevelop the site of the Brooklyn Heights branch of the Brooklyn Public Library with a condo tower with room in its base for a new library branch is moving forward. A timeline for the project has been revealed by the BPL.

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LES Mainstay ABC No Rio Finally Begins Its Transformation

ABC No Rio in its current form will soon be no more: The Lower East Side cultural space, a neighborhood fixture for artists and activists since 1980, is on the verge of being demolished—but a new, energy-efficient structure will rise in its place.

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High Line-Hugging Rental Towers Will Ask Upwards of $5,000 For a 1BR

This three-building project comprises of a 35-story building, which is also the tallest residential building on the High Line, and two, smaller 12-story apartment buildings — leasing will first get underway for those buildings in August.

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Long Island City Could Get a 700-Foot, 66-Story Residential Tower

The skyscraper boom in Long Island City continues: Plans filed with the Department of Buildings recently call for a 700-foot-tall, 66-story mixed-used tower to rise near Court Square, with the possibility of more than 900 apartments.

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Delayed East New York Affordable Housing Project Moves Forward

The first three phases of this project saw the creation of nearly 300 modular, affordable homes in East New York that were seen as a precursor for changes in the affordable housing industry, but plans for this latest phase are as yet unclear.

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Lower East Side Waterfront May Get Two More Huge Towers

Just a short while after plans were unveiled for JDS's massive 77-story residential building on the LES waterfront, rumors are now doing the rounds about two 50-story residential buildings close by.

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West Village Condo on a Triangular Lot Launches Sales From $6.6M

There are just five condos at 175 West 10th Street, which developer Greystone describes as "townhome living with the accoutrements of new construction." The pricey apartments are located on a triangular lot in the Greenwich Village Historic District.

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Moinian's Hudson Yards Supertall May Already Be In Trouble

Moinian secured $65 million in tax breaks in February 2015. But there was a caveat. The developer had to secure an anchor tenant and construction financing for the project within a year. Moinian was able to do neither.

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Apartments at St. Luke in the Fields Co-op Hit the Market From $4.7M

It took a few years and a couple of turns through the Landmarks Preservation Commission, but Toll Brothers' West Village co-op building, located next to the historic Church of St. Luke in the Fields, has launched sales as of today.

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Plans Unveiled For Megamansion on West Village's Jane Street

In 2012, two Jane Street properties billed as "the last great mansion site available in the West Village" sold for $32 million. Plans to remake the garage and former piano shop into a palatial single-family residence will appear tonight in front...

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19th-Century UWS Mansion Reborn as Boutique Condos

Sales have launched for luxury condos at 272 West 86th Street, a new Upper West Side condo development. The building was originally three separate mansions by architect C.P.H. Gilbert; it's now home to just seven units.

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