What's happening in your backyard? YIMBY AM delivers the day's top five new development stories to your inbox every weekday morning.

Subscribe!

What's happening in your backyard? YIMBY AM delivers the day's top five new development stories to your inbox every weekday morning.

Subscribe!

Midtown East


118 East 59th Street

38-Story Condominium Tower At 118 East 59th Street Revealed, Midtown East

The New York Times has revealed full renderings for the planned 38-story, 29-unit condominium tower at 118 East 59th Street, in Midtown East. YIMBY brought you news of the project last fall, which the Chinese firm Euro Properties is developing. Soo K. Chan, of SCDA Architects, is designing the 70,260 square-foot structure and all the condos – starting at 1,400 square feet — will span at least one floor. Demolition of the site’s former four-story buildings is complete and construction begins in June.


One Vanderbilt

SL Green’s One Vanderbilt Moves Another Step Closer to Reality

The City Council has voted to approve the re-zoning of a five-block stretch of Vanderbilt Avenue in Midtown East, per Capital New York. SL Green’s proposed 67-story, 1,501-foot-tall  One Vanderbilt is the first building to maneuver the rezoning, and a full-council vote could come as early as the end of May. SL Green is funding $220 million in transportation improvements for Grand Central, and completion is expected in 2020.


100 East 53rd Street

65-Story Condo Tower at 100 East 53rd Street Receives Financing

Per The Real Deal, RFR Realty, partnered with Hines, has received $360 million in financing from the Industrial and Commercial Bank of China for the 65-story, 91-unit condominium building at 100 East 53rd Street, in Midtown East. Vanke Holdings and China Cinda Asset Management have also purchased stakes in the project this past March. Foster + Partners is designing, and YIMBY brought you an update on construction in March.


425 East 53rd Street

Five-Story Building at 425 East 53rd Street Being Converted to Office Space

The Real Deal reports that an affiliate of Ruder Finn has acquired the five-story, 34,000 square-foot commercial building at 425 East 53rd Street, in Midtown East, for $30.7 million. The building will be converted to office space to house the firm’s new headquarters, and Spagnolo Gisness & Associates is designing. The currently occupying tenants will vacant the building this summer.