YIMBY first reported on permits for 118 East 59th Street back in September of 2014, and we posted the first renderings back in January. Now we have the full set of images depicting both exteriors and interiors for the project, and its website has also gone live.
BLDG Management Company has landed a $254 million construction loan for their planned mixed-use project spanning 212-222 East 44th Street, in Midtown East, per Commercial Observer. YIMBY reported on the project’s design competition earlier in 2015, and a 42-story, 429-unit building is planned, with 87 apartments to be set aside as lottery-allocated housing. On the ground floor, 7,160 square feet of retail space is planned.
SL Green’s 1.6 million-square-foot office tower at One Vanderbilt Avenue will not only be a test case for the city’s ambitious Midtown East rezoning plan, but it’s one of the few times in recent memory that a private developer has agreed to finance and perform substantial construction work for the MTA.
Only placed on the market earlier this month, Kuafu Properties is in contract to acquire the development assemblage spanning 143-161 East 60th Street, on the northern edge of Midtown East, for more than $300 million. A 280,000 square-foot residential building with a retail portion could be accommodated at the site, and rumor has it that condominiums are likely planned. Six low-rise buildings — the largest being 11 stories — currently occupy the site.
A committee assigned to propose changes for Midtown East’s zoning is expected to submit plans with the City by June 30th, hopefully facilitating a rezoning that would be formally crafted by the Department of Planning. The rezoning may give developers a boost in FAR in return for funding transit improvements. Also, developers may be able to transfer air rights from landmarked buildings to other properties within the district as-of-right, according The Wall Street Journal.
The Turtle Bay outpost of AKA’s condo-style extended-stay residences is getting a revamp, and the company sent along renderings of the new interiors for the 21-story tower at 234 East 46th Street.
UPDATE: Per the developer, SLCE Architects is designing the building.
Earlier this year, YIMBY posted preliminary renderings for a new project coming to 131-141 East 47th Street, in Midtown East. Now, we have new images for the (approximately) 50-story building.
World Wide Group has placed an assemblage of buildings, spanning 143-161 East 60th Street, in Midtown East, on the market as a development site for what is being valued north of $300 million, according to Crain’s Business. Six buildings are included in the assemblage, most being townhouses in the four- and five-story range, but an 11-story building exists at No. 155. A 280,000 square-foot residential and retail building could be built, but the tower could be even larger if a developer chooses to satisfy the inclusionary housing bonus.
L&L Holdings and GreenOak Real Estate have landed a $556 million construction loan for their 47-story, 893-foot-tall office building planned at 425 Park Avenue, in Midtown East. The developers are expanding the existing 32-story building office building to accommodate 670,000 square feet of modern office space. Partial demolition begins this month, and the building is scheduled to open in 2018.
With a vote of 49 to zero, the City Council unanimously approved the application for a 63-story office tower at One Vanderbilt, as well as the rezoning for a five-block stretch of Vanderbilt Avenue between 42nd and 47th Streets.