NEW YORK | Residential Conversions

207 West 28th Street

https://www.crainsnewyork.com/real-estate/grant-shapolsky-prime-manhattan-development-buy-chelsea-office-building

The buyer is a limited liability company called Grace Hanover. Its signatory was Grant Shapolsky, who is the founding principal of Lower East Side-based family real estate firm Prime Manhattan Development. He plans to convert the 6-story building into residential condos within the next several years, he said.

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25 Columbia Heights
30 Columbia Heights

https://www.crainsnewyork.com/real-estate/cim-group-wants-convert-dumbo-property-residential-buildings

The Jehovah’s Witnesses former world headquarters could again see new life, this time as residential apartments.

Los Angeles-based CIM Group is seeking to rezone a swath of land in Dumbo that was once occupied by the Jehovah’s Witnesses sprawling Downtown Brooklyn campus at 25-30 Columbia Heights, according to an application submitted Friday to the Department of City Planning. Home to what is now known as Panorama Brooklyn — a retail, entertainment and creative office complex — CIM is proposing to transform the property into two mixed-use buildings containing about 640 apartments and a combined 113,000 square feet of commercial space.

The latest proposed iteration includes converting Panorama’s existing office space into a pair of mixed-use buildings with apartments. Specifically, 25 Columbia Heights, which currently sits vacant, would be expanded to 17 stories and partially converted to residential use. It would contain a total floor area of about 379,500 square feet, including about 367,200 square feet of residential use and 12,240 square feet of commercial or community facility space.

And 30 Columbia Heights, which is currently 13 stories, would be boosted to 14 stories, containing a total of 428,060 square feet of floor area. It would also be partially converted to include about 260,500 square feet of residential space and 167,500 square feet of commercial space. A quarter of the apartments in the residential portion of the property would be set aside as affordable, according to the application.

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