383 Madison Avenue. Rendering courtesy of JPMorgan.

By Michael Young and Matt Pruznick

Façade Removal Underway For 383 Madison Avenue Overhaul in Midtown East, Manhattan

Renovation work is moving along on 383 Madison Avenue, a 47-story office skyscraper in Midtown East, Manhattan. Designed by Skidmore, Owings & Merrill along with Foster + Partners and Gensler, the project will re-clad the 755-foot-tall structure’s façade and revamp its 1.2 million square feet of office space to serve the banking investment division of JPMorgan Chase. Formerly known as the Bear Stearns Building, the tower was originally designed by David Childs of SOM and completed in 2001. The property is bounded by Madison and Vanderbilt Avenues and East 46th and East 47th Streets, and stands directly south of the financial institution’s recently completed headquarters at 270 Park Avenue.

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133-45 39th Avenue. Photo by Michael Young.

Excavation, Pilings Underway At 133-45 39th Avenue in Flushing, Queens

By Michael Young and Matt Pruznick

Below-grade work is progressing at 133-45 39th Avenue, the site of an eight-story mixed-use building in Flushing, Queens. Designed by My Architect PC and developed by Hang Dong Zhang, the 165-foot-tall structure will yield 23,666 square feet of commercial space and 9,693 square feet of community space. GBZ 39 REALTY LLC is listed as the owner of the 17,345-square-foot property, which is located near the intersection of 39th Avenue and Prince Street.

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Financing Secured For Five-Building Portfolio In Williamsburg And Brooklyn Heights

By Max Gillespie

Edifice Partners LLC has secured $19 million in financing for the Edifice Portfolio, a group of five renovated multifamily properties located in Brooklyn. The Edifice Portfolio consists of 42 residential units spread across five pre-war buildings at 431–433 Wythe Avenue and 313 South 4th Street in Williamsburg, and 19–21 Columbia Place in Brooklyn Heights. JLL Capital Markets arranged the financing from City National Bank.

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144 St. Felix Street. Image: FXCollaborative and ADP Architects via LPC

LPC To Review Revised Proposal for 27-Story Tower at 144 St. Felix Street In Fort Greene, Brooklyn

By Max Gillespie and Matt Pruznick

The New York City Landmarks Preservation Commission (LPC) is set to review revised plans for a proposed 27-story residential tower at 144 St. Felix Street in Fort Greene, Brooklyn. Designed by FXCollaborative and ADP Architects and developed by Stretke, the structure would incorporate the landmarked Hanson Place Central United Methodist Church into its base and yield 240 units, with 60 permanently dedicated to affordable housing. The project would also include ground-floor retail space and a community facility. The property is located at the corner of St. Felix Street and Hanson Place, within the Brooklyn Academy of Music Historic District.

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