NEW YORK CITY — Thor Equities has acquired 57-63 Greene Street, a 13,854-square-foot retail condominium for $17.2 million in New York City. The six-story building is located between Broome and Spring streets, neighboring top-tier fashion brands including Chanel, Ralph Lauren and Prada. Including this acquisition, Thor Equities has nearly 300,000 square feet in the SoHo district, New York City’s fashion retail epicenter.
NEW YORK CITY — The owner of 1991 Broadway in New York City’s Upper West Side has selected the Stan Johnson Company to market the Class A retail condominium. The building, which is vacant, is being offered for $39.5 million. The property is situated on Broadway between 67th and 68th streets and near the new Apple store and TD Bank.
ATLANTA — The Development Authority of Clayton County and the Clayton County office of Economic Development will move forward with plans to develop the $100 million University Station Town Center, a live-work-play community four miles south of Hartsfield-Jackson Atlanta International airport. The 165,000-square-foot development will be located near the National and State Archives facilities. The project will include 100,000 square feet of retail, a hotel with up to 100 beds, a maximum of 50,000 square feet of office space, and up to 20,000 square feet of senior living space. The project is already home to a soundstage where several recent projects have been filmed, including the upcoming Scary Movie 5.
NEW YORK CITY — The eight-story 1175 Grand Concourse building, formerly known as the Verizon Building, has undergone $5 million in capital improvements. The 346,130-square-foot property has shifted from residential to commercial use and includes retail and office spaces. Houlihan-Parnes Realtors LLC and JJ Operating Inc. contributed the equity for the renovations after recently purchasing six of the eight floors. Verizon Wireless, which previously owned the entire building, has retained the two lower floors.
GRAPEVINE, TEXAS — The Weitzman Group has been named the exclusive agent to market pad sites at Silver Lakes Crossing, a mixed-use development under construction on a 52-acre site along State Highway 26 near State Highway 121 in Grapevine. Blake Shipp, Matt Baisch and Hank Wright of The Weitzman Group's Commercial Retail Division will handle the project's retail marketing. Silver Lakes Crossing will include two hotels (Courtyard and Towneplace Suites by Marriott), 46,500 square feet of restaurant space, a 5,800-square-foot gas station, office space, retail space, multifamily units and a six-acre lake with 1,700 square feet of lake side frontage.
NEW YORK CITY — A six-story, mixed-use building in Manhattan has sold for $8.1 million to 281 St. Nicholas Partners. The 50,706-square-foot property, which is located at 281 St. Nicholas Ave., was built in 1921 and has 32 apartments and six stores. Cignature Realty Associates represented 281 St. Nicholas Partners and the seller, Harrjoy Realty Corp, in this deal.
BROOKLYN, N.Y. — Ideal Development has purchased 442 Grand St., a 15,000-square-foot development site in Brooklyn for $4.2 million. Ideal plans to develop rental apartments on the site, a former gas station, which offers 45,000 square feet in buildable space. The building is also slated to have ground-floor retail. James Dari and Fred Rufrano of locally based Kalmon Dolgin Affiliates represented Ideal and the seller, Keap Grand LLC, in the deal.
WICHITA, KAN. — Locally based Occidental Management has acquired the historic Union Station campus in Wichita. While the purchase price was not disclosed, the list price for the property was $6.5 million. The 9.5-acre sit includes four buildings — two are listed on the National Historic Registry— totaling more than 111,000 square feet. NAI Martens represented the seller, Cox Communications in the deal. Occidental plans to convert the building to mixed-use including restaurant, retail and office spaces. Union Station is located in downtown Wichita, between the Old Town Entertainment District and the 15,000-seat INTRUST Bank Arena.
PLANO, TEXAS — Cencor Realty Services is under way with the construction of West Plano Village, a mixed-use project located at the northeast corner of the Dallas North Tollway and Parker Road in Plano. The development will include 90,000 square feet of retail and restaurant space, 60,000 square feet of second-floor office space and 245 residential units. A 10,000-square-foot eatZi's Market & Bakery will anchor the retail portion of the development, along with the existing Cinemark West Plano and XD theater. AMLI Residential will develop the multifamily component of West Plano Village in a four-story configuration. Michelle Caplan and Earl Harris of The Weitzman Group are handling the leasing of the retail portion, while Chrystal Morgan of Weitzman is handling office leasing. The apartment community is slated for a summer 2014 opening, while the retail and office space will open in the fall of 2014. David Palmer of Cencor is directing the development of the mixed-use development, and Dallas-based Hodges & Associates is designing the retail and office components.
DALLAS — Dallas-based Harwood International, a global real estate developer and investor, plans to break ground on District 1444: The Design Village, a mixed-use village located at the southeast corner of Dragon Street and Oak Lawn Avenue in the Dallas Design District. District 1444 will feature 224 apartment units, a rooftop junior Olympic pool with cabanas, views of the Dallas skyline, a fitness center, fire pits, game room, gardens and more than 46,000 square feet of retail space. An architectural team led by Laura Lleal and Ben Cortez of Harwood Design Factory LLC is designing the property. Harwood has signed three of the five restaurant spaces to lease deals and will break ground on the development in the spring. The Dallas Design District began as a post World War II collection of warehouses and has since transformed into a mixed-use residential district.