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Hendrix House Tops Outs at 250 East 25th Street in Kips Bay, Manhattan

Developer New Empire Corp recently celebrated the topping out of Hendrix House, a boutique condominium project at 250 East 25th Street in Manhattan’s Kips Bay neighborhood. Sales launched two months ago for the 12-story development featuring a mix of 60 studios, one-, and two-bedroom residences, and inventory has already reached the 50 percent sold milestone. DXA Studio is the architect of Hendrix House with resident spaces by interior designer Paris Forino. Sales and marketing is led by CORE Real Estate, with co-exclusive agent One Realty.

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Demolition Is Complete At 201 East 23rd Street in Kips Bay, Manhattan 

Demolition work has concluded at 201 East 23rd Street, the site of a 19-story residential building in Kips Bay, Manhattan. Developed by Naftali Group, which acquired the property in a 99-year ground lease for $21.5 million last September, the 210-foot-tall structure will span 111,000 square feet and yield 69 units, likely condominiums, as well as ground-floor retail space. The property is alternately addressed as 301 Third Avenue and is situated at the intersection of Third Avenue and East 23rd Street.

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Construction Nears Completion on 609 Second Avenue in Kips Bay, Manhattan

Construction is approaching the finish line on 609 Second Avenue, an 18-story residential building in Kips Bay, Manhattan. Designed by Fischer + Makooi Architects and developed by The Horizon Group, the 212-foot-tall structure will span 74,528 square feet and yield 65 condominium units in studio to three-bedroom layouts, with sales led by Ariel Tirosh and Team at Douglas Elliman. The property is located on an interior lot between East 33rd and 34th Streets, just south of Murray Hill.

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View of SPARC Kips Bay, looking northeast from First Avenue and 25th Street, via edc.nyc

Master Plan Revealed for SPARC Life Science and Public Health Innovation Hub in Kips Bay, Manhattan

Governor Kathy Hochul and New York City Mayor Eric Adams have unveiled the master plan for the Science Park and Research Campus (SPARC) Kips Bay, a new life sciences hub located on Hunter College’s Brookdale Campus at East 25th Street and First Avenue in Kips Bay. Designed to transform a city block in Manhattan, SPARC Kips Bay is expected to create over 15,000 jobs and generate an economic impact of $42 billion over 30 years.

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