YIMBY Today: Construction Financing Secured for 42-Story 1 West End Avenue, More

1 West End Avenue1 West End Avenue, rendering via Silverstein Properties/Elad Group

1 West End Avenue [Real Estate Weekly]: Silverstein Properties and Elad Group “are just closing on $605 million in construction financing” for their 42-story, 374-unit mixed-use building — totaling 761,552 square feet, including 124,841 square feet of commercial space — at 1-15 West End Avenue, between West 59th and 60th Streets. “Above ground construction work” is expected to commence in January.

45 Broad Street [The Real Deal]: The vacant parcel spanning 45 Broad Street in the Financial District “will return to the market next year,” possibly listing for $110 million. Carmel Partners was reportedly close to purchasing the site, which includes 264,200 square feet of development potential, but instead bought 112-118 Fulton Street.

100 Avenue A, rendering by Issac & Stern

100 Avenue A, rendering by Issac & Stern

100 Avenue A [EV Grieve]: Demolition is complete and excavation is imminent at the site of a planned six-story, 29-unit residential and retail building of nearly 27,700 square feet located at 98-100 Avenue A, in the East Village. Ben Shaoul is developing, and completion is likely by 2016.

137-45 Northern Boulevard [Times Ledger]: Century Construction Group has “filed an applications to rezone” 137-45 Northern Boulevard in Flushing to accommodate an 11-story, 214,000 square-foot mixed-use building with 191 hotel rooms, 43 residential units, and commercial and retail space.

44 Union Square East, renderings by BKSK Architects

44 Union Square East, renderings by BKSK Architects

44 Union Square East [DNAinfo New York]: BKSK Architects is designing the renovation and expansion of the low-rise, landmarked Tammany Hall headquarters building at 44 Union Square East. A “30-foot glass dome” will top the building adding “about 27,000 square feet” of office space, in addition to façade restoration and retail additions.

538 Washington Avenue, image by Brownstoner

538 Washington Avenue, image by Brownstoner

538 Washington Avenue [Brownstoner]: On-site renderings have been posted at 538 Washington Street, in Clinton Hill, where a long-stalled five-story, eight-unit residential building recently restarted construction and has already topped out. Façade installation is imminent, and completion is likely in early 2015.

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