New York Wheel [SILive]: Rich Marin has received “$150 million in foreign investment” from the Chinese — through EB-5 — to construct the 625-foot tall New York Wheel, in Staten Island’s St. George. The developer stated he “believes [he’ll] be ready to break ground in December.”
Crown Heights Rezoning [WNYC News]: Residents and local leaders of Crown Heights are banding together to support a rezoning of the mostly low-rise commercial district in the western-most area of the neighborhood. Crown Heights has become a highly desirable area, and the “current limitations are out of sync with the current needs.” Business owners have asked city leaders “to consider mixed-use zoning that would allow for manufacturing on the lower floors of residential towers.”
145 West 110th Street [Harlem+Bespoke]: Amid recently approved permits, demolition is now underway at the single-floor religious structure that occupied 145-151 West 110th Street, in Harlem. If developers have their wish, “an 11-story residential tower will rise” on the park-front property.
24-12 42nd Road [The Court Square Blog]: Recently revealed, developer Ampiera Group has begun demolition of existing structures spanning 42-34 – 42-38 Crescent Street, and 24-12 42nd Road, in Long Island City. A shed-like structure is currently meeting the wrecking ball, as well as two abandoned townhouses; eight-story and 36-unit mixed-use building is planned for the site.
340 East 24th Street [Commercial Observer]: Ben Shaoul, partnered with 40 North Properties, has “received $71 million in construction funds” to construct a 14-story and 253-unit dormitory at 332-342 East 24th Street, in Kip’s Bay. Demolition of the existing six-story building started last Friday, per notifications, and permits in “support of excavation” have also already been filed; Ismael Leyva is designing.
432 Park Avenue [Curbed]: Eclipsing all other buildings in Midtown Manhattan, and scheduled to top-out at 1,397 feet this fall, 432 Park Avenue is set to reveal another unique feature; the building’s 10×10-foot windows have started shedding their wrapping.
431 Kent Avenue [Brownstoner]: An eight-building development — totaling 188 units, at 431-433 Kent Avenue, in Williamsburg — has received a “red brick façade and windows,” and completion appears imminent. The development also includes hundreds of underground parking spaces and storage for 81 bikes.
346 Lafayette Street [Curbed]: Renderings, by Meltzer/Mandl Architects, have surfaced for the development site at 346 Lafayette Street — also 57-63 Bleeker Street, in NoHo — and the existing one-story structure is currently being vacated. The development will feature “ground floor retail with eight additional residential stories.”
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