Articles by Michael Young

The Benson Nears Completion at 1045 Madison Avenue in Carnegie Hill, Manhattan

8:00 am on November 7, 2021 By Michael Young

Construction is wrapping up on The Benson, an 18-story condominium building at 1045 Madison Avenue in the Carnegie Hill section of the Upper East Side. Designed by Peter Pennoyer and developed by The Naftali Group, the 210-foot-tall reinforced concrete structure will yield 16 residential units spread across 59,032 square feet, for an average of 3,700 square feet apiece, as well as 3,993 square feet of ground-floor retail space. The inventory of homes includes three penthouses, and the majority of the units feature full-floor layouts. Leeding Builders Group is the general contractor of the project, which is located between East 79th and East 80th Streets, a short walk from Central Park.

30 West 39th Street’s Façade Installation Nears Completion in Midtown, Manhattan

7:30 am on November 7, 2021 By Michael Young

Work is nearing completion on 30 West 39th Street, 27-story hotel tower in Midtown, Manhattan. Designed by Peter Poon Architects and developed by Fortuna Realty, the 323-foot-tall structure will yield 133,500 square feet and 330 rooms. Leeding Builders Group, LLC is the general contractor for the property, which is located between Fifth and Sixth Avenues, a block south of Bryant Park.

150 East 78th Street’s Brick and Limestone Exterior Wraps Up on Manhattan’s Upper East Side

8:00 am on November 6, 2021 By Michael Young

Exterior work is getting closer to completion on 150 East 78th Street, a 16-story residential building on Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects and developed by Midwood Investment & Development and EJS Group, the 205-foot-tall structure will yield 25 units in three- to five-bedroom layouts spread across 68,293 square feet as well as 3,739 square feet of ground-floor retail. Ismael Leyva Architects is the executive architect and residential layout designer for the project, which is located at the corner of East 78th Street and Lexington Avenue. Sales are underway and are being handled by Compass Development Marketing Group.

The Rowan At 21-21 31st Street Receives TCO With Move-Ins Imminent In Astoria, Queens

8:00 am on November 5, 2021 By Michael Young

The Rowan, at 21-21 31st Street in Astoria, Queens, has received its TCO, with closings now imminent. DXA Studio is the designer of the residential development, which yields a total of 46 residences, and is among the newest construction projects that have risen over the neighborhood in recent years. RockFarmer Properties is the developer of the building and Brown Harris Stevens Development Marketing is handling sales and marketing of the one to three bedroom condominiums. Only four units remain available for sale, which include a three-bedroom duplex measuring 1,856 square feet with 1,057 square feet of outdoor space, asking $2,549,000; and two three-bedroom penthouses with their own outdoor space. The Rowan is over 85 percent sold, with a recent penthouse sale setting a new record for the highest price per square foot paid for a three-bedroom condominium in the neighborhood.

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Governor Kathy Hochul Reveals Updated Plans And Renderings For Penn Station Overhaul in Midtown, Manhattan

8:00 am on November 4, 2021 By Michael Young

Yesterday afternoon Governor Kathy Hochul revealed numerous new renderings of what the outdated 53-year-old Penn Station and the surrounding Midtown, Manhattan district could soon become. Despite being slightly downsized by 7 percent from former Governor Cuomo’s ten-building master plan, the new proposal still encompasses an incredible 18.3 million square feet of construction and redevelopment. Vornado Realty Trust is the developer of the master plan, which is expected to take four to five years to complete and cost between $6-7 billion.

200 East 83rd Street’s Façade Installation Continues on Manhattan’s Upper East Side

8:00 am on November 2, 2021 By Michael Young

Façade installation is continuing to progress on 200 East 83rd Street, a 35-story residential tower on Manhattan’s Upper East Side. Designed by Robert A.M. Stern Architects and developed by Naftali Group and Rockefeller Group, the 243,128-square-foot reinforced concrete superstructure will yield 86 units spread over 205,877 square feet, averaging 2,393 square feet apiece. Sales for the homes are currently underway and are being handled by Compass. SLCE Architects is the architect of record and Leeding Builders Group is the general contractor for the project, which is located at the corner of Third Avenue and East 83rd Street.

Excavation Underway for Three-Story Target Store at 22-11 31st Street in Astoria, Queens

7:30 am on November 2, 2021 By Michael Young

Excavation work is ramping up at 22-11 31st Street, the site of a three-story retail structure with a Target store in Astoria, Queens. Developed by Jenel Real Estate, the building will yield 97,314 square feet with 175 feet of frontage along 31st Street. Pav-Lak Contracting, Inc. is the general contractor for the property, which was previously occupied by a two-story Key Food supermarket until its demolition in 2020. Target signed a lease with A&H Acquisitions and will provide a variety of households needs, décor, men’s and women’s apparel and accessories, baby and children’s apparel and toys, an adult beverage section, a CVS Pharmacy and Order Pickup, and tech and fitness accessories.

109 East 79th Street. Rendering by Noë & Associates with The Boundary

Sales Launch for 109 East 79th Street on Manhattan’s Upper East Side

8:00 am on November 1, 2021 By Michael Young

Sales have launched for the topped-out 109 East 79th Street, a 20-story residential building under construction on Manhattan’s Upper East Side. Designed by Steven Harris Architects and developed by Legion Investment Group, the 210-foot-tall structure will yield 145,000 square feet divided into 31 condominiums, some spanning over 6,000 square feet. Corcoran Sunshine Marketing Group is the exclusive marketing and sales agent for the two- to five-bedroom residences. Cauldwall Wingate is the general contractor for the project, which is located between Lexington and Park Avenues. The Cathy Franklin Team is handling on-site sales and pricing begins at $5.5 million for a two-bedroom residence to $35 million for a full-floor penthouse with private roof terrace. Interiors and landscaping are being done by Rees Roberts + Partners.

New York Korea Center Continues to Progress at 122-126 East 32nd Street in Murray Hill, Manhattan

7:30 am on November 1, 2021 By Michael Young

Work is continuing to progress behind scaffolding on the New York Korea Center, a seven-story structure at 122-126 East 32nd Street in Murray Hill. Designed by Samoo Architects and Engineers (SAMOO) and developed by Level Group, the 36,500-square-foot edifice will serve as the headquarters for the Consulate General of the Republic of Korea in New York, which purchased the property in March 2008 at a cost of $15.8 million. This sale also included the use of nearly 4,500 square feet of air rights. Construction took a quite some time to commence, and ground broke in June 2018 for the 120-foot-tall project. KSK Construction Group is the general contractor for the building, which sits between Park Avenue South and Lexington Avenue. The developers are aiming for LEED Certification.

Calyer Place Waterfront Complex Continues to Rise Over Greenpoint, Brooklyn

8:00 am on October 31, 2021 By Michael Young

Construction is continuing to rise on Calyer Place, a nearly 1-million-square-foot residential development on the Greenpoint, Brooklyn waterfront. Designed by Cooper Robertson & Partners with SLCE Architects as the architect of record, and developed by M&H Realty LLC, the project includes a pair of 40-story towers along with 32- and 22-story siblings, and will yield around 700,000 square feet of residential space with 700 apartments, as well as 10,000 square feet of commercial space, 7,160 square feet for unspecified community facility use, and over 600 parking spaces. The land was once home to the historic Greenpoint Terminal Market, which suffered a ten-alarm fire and was demolished in 2017 before site preparations and construction began.

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Articles by Michael Young

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