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A blog from CityRealty (Links below will take you to the 6sqft site)
 
 

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137-31-45th-Avenue-1 Rendering of 137-31 45th Avenue via Peter Poon Architects
When a nursing home faces demolition to make way for a newer, more towering building, it's natural to react with outrage. However, the sale and demolition of 131-37 45th Avenue will prove highly beneficial to the New York Armenian Home, the longtime owner and New York's only residential facility for Armenian senior citizens. The number of residents has dropped, a more medically fragile population has arrived, and the building was deemed too old to upgrade.

With all that in mind, the New York Armenian Home made arrangements to enter a partnership with another organization and sell the property to EastOne Capital in 2016. The last residents of the Flushing facility were discharged in April 2018, and the Armenian Home has officially merged with the Armenian Nursing and Rehabilitation Center in Emerson, NJ. The proceeds of the $50 million sale (per Acris) will finance the joint partnership and a new building on an adjacent portion of the New Jersey property.
137-31-45th-Avenue-3 Rendering via Peter Poon Architects
Things have moved very quickly in Flushing since the August sale of the lot. Demolition permits for the old building were filed and approved in October. Permits for a replacement have not yet been filed, but Peter Poon Architects has already unveiled renderings of a 20-story, 275-unit building to rise in its place. The images show a curved, glassy building with a circular driveway and balconies running the length of the floors. Further details are not yet available.
137-31-45th-Avenue-4 Driveway and details via Peter Poon Architects
The New York Armenian Home got its start in the 1920s to assist a group of elderly Armenians, notably survivors of the 1915 genocide. After years of fundraising and struggles, the Armenian Welfare Association of New York was incorporated in 1948. A three-story Federal-style brick house in Flushing was purchased in 1954 and soon upgraded to meet the facility’s needs. In the years that followed, residents enjoyed Armenian food, cultural events, and religious services. The new facility will provide the same lifelong comforts as well as both skilled nursing and assisted living models.
137-31-45th-Avenue-2 New York Armenian Home circa spring 2018 via Katrina Shakarian
137-31-45th-Avenue-5 Rendering via Peter Poon Architects
Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City
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