Development

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DNAinfo published a few more details on Jasper Venture Group’s plan to convert the vacant Parkway Hospital site, located in Forest Hills, to a condo development. Turns out Jasper Venture Group did not secure the building in a recent auction, like we assumed. The group already holds the mortgage on the building and, according to DNAinfo, “said that it was hoping to sell the site in a foreclosure auction, but so far that effort has not been successful.”

When 70-35 113th Street Holdings LLC — the winners of he most recent auction — missed two deadlines to pay off the price of the hospital, Jasper Venture Group came up with a new plan to convert the site themselves. The actual details of the development planned are not known; it’s likely the developers will have to apply for a zoning variance. Japsper Venture Group also hinted at demolition for the hospital, which has sat vacant since 2008. The have not yet filed any work with the DOB.

Luxury Condo Eyed For Old Hospital Building in Forest Hills, Developer Says [DNAinfo]
All Parkway Hospital coverage [Q’Stoner]

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After a very long haul, construction has finally begun at Flushing Commons. Queens Crap posted a group of photos showing construction workers out and some demolition work underway. This March, the developers announced that they took out a $300,000,000 loan to begin on the first phase of construction.

The first phase of this mega-development includes 150,000 square feet of office space, 56,000 square feet of retail, 150,000 square feet of residential condos and a 982 space parking garage. That’s scheduled to wrap in the spring of 2017. The second phase will bring mixed-use space, a YMCA, an outdoor public plaza, and more housing and parking to the neighborhood.

Flushing Commons Construction Begins [Queens Crap]
All Flushing Commons coverage [Q’Stoner]

Photo via Queens Crap

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Ladies and gentleman, here is the new build slated for 41-07 Crescent Street, the now-empty lot on the corner of 41st Avenue in Long Island City. New York YIMBY snagged the rendering, which was designed by the architect Fogarty Finger. (Also the architect behind popular LIC development Five 27.) The developer is Ranger Properties.

DOB permits indicate this will be a nine-story, 50-unit development with 3,556 square feet of commercial space. YIMBY says that the penthouse unit will span the entirety of the ninth floor. The DOB just issued new building permits at the site in April; construction is expected to last until 2015.

Revealed: 41-07 Crescent Street [New York YIMBY]
All 41-07 Crescent Street coverage [Q’Stoner] GMAP

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Preliminary construction work started up at the RKO Keith Theater site, the troubled building recently purchased by JK Equities for $30,000,000. The development company plans to build out condos here, and they told the Queens Chronicle that they were cleared by the LPC and the DOB to obtain a permit for “soft demolition.” The head of JF Equities, Jerry Karlik, stated that “the permit allows his firm to clean up the landmarked theater lobby and ticket booth, which is expected to cost more than $6 million alone to restore.” The company hopes to officially break ground on the development by next year, which includes 357 condo apartments over 17 stories, as well as retail space, a senior center and underground parking.

This news marks serious progress for a site troubled by failed development attempts. Infamous Flushing developer Thomas Huang was found guilty of partially gutting the landmarked interior and dumping 10,000 gallons of oil in the basement. The building then moved on to Shaya Boymelgreen, who lost it during the recession. The bank sold the RKO Keith to Patrick Thompson for $20,000,000, who secured approvals for a plan to build out 357 apartments. Thompson ran out of money and sold it to JF Equities, who are moving ahead with Thompson’s previously approved plans.

Preliminary Work Begins at Keith’s [Queens Chronicle]
All RKO Keith’s Theater coverage [Q’Stoner]

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Here’s what’s coming for 136-72 Roosevelt Avenue, between Main and Union Streets in Flushing. New York IMBY snagged the rendering, which is by the architect Raymond Chan. The developer is Flushing Kent Realty Corp.

The developers haven’t filed anything with the Department of Buildings yet, but Raymond Chan’s website says it will be two 14-story towers spanning 300,000 square feet. The parcel is an irregular U-shaped lot, with a total of 43,500 square feet. YIMBY guesses there will be some sort of retail component — an existing commercial tenant at the site will remain open during construction. No word on whether it’ll be rental or condo, or the construction timeline.

Revealed: 136-72 Roosevelt Avenue [New York YIMBY] GMAP

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New York City is getting is second TRYP by Wyndham Hotel, and it’ll be in Long Island City. The location in question is 38-55 11th Street, right off 40th Avenue and a few blocks from the waterfront. Hospitality Net shares that the new-construction building will hold 104 rooms. The hotel will offer a rooftop café and bar, a fitness room, and what’s known as “the Samsung Experience room,” which will have multimedia equipment. The ETA is slated for the spring of 2016.

New York’s first (and only) TRYP by Wyndham is located on West 35th Street, near Times Square. GMAP

Photo via Google Maps

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Of all the many, many residential projects in the works in Long Island City, we are pretty excited to see the results at 5-33 48th Avenue. Construction has moved slowly at the old brick warehouse for awhile now; before that the building was in pretty bad shape. Since a check-in earlier this year, the facade looks great and the windows even better. Now it’s just a question of how the interiors turn out. At the end of the day, there should be 36 residential units and ground-floor commercial space here.

All 5-33 48th Avenue coverage [Q’Stoner] GMAP

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Here’s what the construction site at 41-42 24th Street looks like, just off Queens Plaza North. The World-Wide Group is building a 21-story, 421-unit rental building which will be called “QLIC.” The development will have 5,000 square feet of amenity space, including a rooftop outdoor pool, landscaped deck, fitness center, private gardens, indoor parking and a bike room. Construction should wrap in early 2015.

All 41-42 24th Street coverage [Q’Stoner] GMAP

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Earlier this week the Architect’s Newspaper spoke with the architects of the Astoria Cove development, which just began its six-month review process for a zoning change. The 1,000,000-square-foot, mixed-use development includes both affordable and market-rate housing, a public school, a supermarket and a waterfront park. It’s located just north of the larger Hallets Point development.

Landscape architect Ken Smith will line the green space with walkways, rows of trees, flowerbeds, and a rain garden. STUDIO V Architecture is designing the buildings — principal Jay Valgora says the apartment buildings will have “‘expressive’ carved-out corners and tops.” Restaurants and shops will be “tucked” into the towers. And the single-family homes in the development will be “partially clad in horizontal wood slats and connected to each other through a landscaped courtyard.” STUDIO V, aware of the risk of waterfront development, set the entire scheme above the current and future floodplain. STUDIO V is also designing the adjoining Hallets Point development, meaning this single architectural firm will pretty much build out this entire waterfront area.

Check out more renderings of the future Astoria Cove after the jump.

Astoria’s Crescent Cove [A/N]
All Astoria Cove coverage [Q’Stoner]

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A Williamsburg developer purchased the building belonging to the Romanian Church of God of Ridgewood, as well as an adjacent residence, located at the corner of St. Nicholas Avenue and Harman Street. (The location is technically in Brooklyn, one block away from the borough line.) According to Wyckoff Heights, the property spent about a year on the market asking $1,399,000. It sold for $1,600,000.

The church was built in 1917. The buyer, Noam Amos of Home Zone/SNY Group, is now constructing new buildings at 257 Jefferson Street and 186 Greenpoint Avenue in Brooklyn. It’s probably safe to say, expect a tear down here soon…

Church of God Sells Property to Developer, Purchases Former New Apostolic Church [Wyckoff Heights] GMAP

Photo via Google Maps