Permits have been filed for a six-story mixed-use building at 321 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. Located between Clifton Place and Lafayette Avenue, the lot is near the Classon Avenue subway station, serviced by the G train. Mujahidul Islam under the 321 Franklin Avenue Corp. is listed as the owner behind the applications.
Creation, a commercial real estate developer, and its joint-venture partner J.P. Morgan Asset Management, have begun site work on McClellan One, a Class A logistics building in Newark, New Jersey. The project team recently secured a $64 million construction loan from PCCP, allowing construction to move forward on the 120,584-square-foot structure, which is located on a 10-acre site at the northwest corner of Route 1 and McClellan Street, adjacent to Newark Liberty International Airport.
Construction is complete on Arloparc, a 20-story residential building at 126 East 86th Street on Manhattan’s Upper East Side. Designed by Zproekt Architects and developed by Rybak Development and BK Developers, the 79,842-square-foot structure will yield 28 condominium units designed by STUDIO20MIGLIA, as well as 2,700 square feet of commercial space on the ground floor. Rybak is also serving as the general contractor for the property, which is located on a narrow rectangular interior plot between Lexington and Park Avenues.
Façade installation is moving along on One Times Square, a 26-story commercial tower at 1475 Broadway in Times Square. Designed by S9 Architecture with SLCE Architects as the architect of record and developed by Jamestown, the $500 million project involves the full gut renovation and re-cladding of the 120-year-old, 395-foot-tall steel-framed structure, along with the addition of new LED displays and public viewing decks with platforms that will overlook the district. Turner Construction Company is the general contractor for the property, which is located on a trapezoidal plot bound by West 43rd Street to the north, West 42nd Street to the south, Broadway to the east, and Seventh Avenue to the west.
New renderings have been revealed for 350 Park Avenue, a proposed supertall office skyscraper in Midtown East, Manhattan. Designed by Norman Foster of Foster + Partners and developed by Ken Griffin, Vornado Realty Trust and Rudin, the 62-story structure is planned to rise roughly 1,600 feet tall and yield 1.8 million square feet of office space, with 54 percent to be occupied by the hedge fund Citadel LLC. The project site is bound by East 52nd Street to the north, East 51st Street to the south, and Park Avenue to the east.
