Articles by Michael Young

Mandarin Oriental Residences Fifth Avenue Nears Completion at 685 Fifth Avenue, in Midtown, Manhattan 

8:00 am on March 24, 2023 By Michael Young

Exterior work is nearing completion on the Mandarin Oriental Residences Fifth Avenue, a 29-story residential tower at 685 Fifth Avenue in Midtown. Designed by Marin Architects and developed by SHVO in partnership with Deutsche Finance, the $135 million project involves the construction of a ten-floor addition above a former commercial building and the residential conversion of 100,000 square feet of its office space, and will yield 69 fully furnished condominium units managed by Mandarin Oriental Hotel Group and marketed by Douglas Elliman Development Marketing. The Rinaldi Group of New York is the general contractor for the property, which is located between East 53rd and 54th Streets.

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The Matteo Nears Completion at 323 East 79th Street on Manhattan’s Upper East Side

8:00 am on March 11, 2023 By Michael Young

Exterior work is finishing up on The Matteo, a 17-story residential building at 323 East 79th Street in the Yorkville section of the Upper East Side. Designed by Woods Bagot Architects and developed by Boomerang Development Group, which purchased the property from Spruce Capital Partners for $13.7 million, the 214-foot-tall structure will yield 35,045 square feet with 15 full-floor condominium units in three- to four-bedroom layouts. All homes will feature direct elevator access, and some will span two floors. Sunlight Construction AA is the general contractor and The Masters Division at Nest Seekers is handling sales and marketing for the property, which is located on a narrow interior plot between First and Second Avenues.

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1491-1493 First Avenue Readies for Excavation on Manhattan’s Upper East Side

8:00 am on March 10, 2023 By Michael Young

Demolition is complete at 1491-1493 First Avenue, the site of a 24-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property for $73.5 million in early 2022 from local developer Robert Chou, the 209-foot-tall structure will yield 94 condominium units with an average scope of around 1,900 square feet, as well as 7,120 square feet of ground-floor retail space and cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

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Ruby Nears Completion at 241 West 28th Street in Chelsea, Manhattan

8:00 am on February 15, 2023 By Michael Young

Exterior work is nearing completion on Ruby, a 22-story two-tower residential complex at 241 West 28th Street in Chelsea. Designed by COOKFOX and developed by MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot project will yield 480 rental units with 144 reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. Urban Atelier Group is the general contractor for the property, which is located on a through-block parcel between Seventh and Eighth Avenues with frontage on both West 28th and 29th Streets. The developers are aiming for LEED Silver certification.

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Hudson Arts Building’s Foundations Progress at 220 Eleventh Avenue in West Chelsea, Manhattan

8:00 am on February 3, 2023 By Michael Young

Foundation work is progressing for the Hudson Arts Building, a ten-story commercial structure at 220 Eleventh Avenue in West Chelsea. Designed by STUDIOS Architecture and developed by The Moinian Group, the 145-foot-tall project will yield office space with column-free floor plates ranging from 17,500 to 25,000 square feet, as well as retail space. 220 Eleventh LLC is the owner, AECOM Tishman is the general contractor, and JLL is the exclusive leasing agent for the property, which is located along Eleventh Avenue between West 25th Street and West 26th Streets.

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