Articles by Michael Young

The Borden Complex Nears Completion at 23-30 Borden Avenue in Long Island City, Queens

8:00 am on July 7, 2024 By Michael Young

Construction is nearing completion on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. The development is located on a large parcel between Borden Avenue and Newton Creek.

125 West 57th Street’s Curtain Wall Progresses in Midtown, Manhattan

8:00 am on July 5, 2024 By Michael Young

Façade installation is moving along on 125 West 57th Street, a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 420-foot-tall structure will yield 260,000 square feet with 185,000 square feet of full-floor Class A office space, a dedicated amenities floor designed by Gensler, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. The property is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

New Renderings Released For Riverwalk Heights At 430 Main Street on Roosevelt Island, Manhattan

8:00 am on June 28, 2024 By Michael Young

New renderings have been released for Riverwalk Heights, a 30-story residential building at 430 Main Street on Roosevelt Island. Designed by Handel Architects and developed by Related Companies and The Hudson Companies, the 305-foot-tall structure will span 292,865 square feet and yield 253 market-rate rental apartments in studio to three-bedroom layouts, with 104 units reserved for employees of Memorial Sloan Kettering Cancer Center (MSK) across eight floors, as well as 3,700 square feet of ground-floor office space for the Roosevelt Island Operating Corporation. The building was formerly known as Riverwalk 9 and is the final and tallest component of the Riverwalk master plan, located along Main Street just east of the Riverwalk Commons green lawn.

19 Rockwell Place from street level, via Daniel Goldner Architects

19 Rockwell Place Rises in Fort Greene, Brooklyn

8:00 am on June 27, 2024 By Michael Young

Construction is rising on 19 Rockwell Place, a 27-story residential building in Fort Greene, Brooklyn. Designed by Daniel Goldner Architects for Chesky Rosen under the 19 Rockwell Place LLC, the 304-foot-tall structure will yield 172 rental units in studio to two-bedroom layouts spread across 120,000 square feet. The project is located on an interior lot between Fulton Street and Dekalb Avenue.

1487 First Avenue Tops Out Over Manhattan’s Upper East Side

8:00 am on June 26, 2024 By Michael Young

Construction has topped out on 1487 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed and built by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner of the property, which is located at the southwestern corner of First Avenue and East 78th Street.

Construction Nears Topping Out At 98 Dekalb Avenue in Fort Greene, Brooklyn

7:30 am on June 24, 2024 By Michael Young

Construction is on the verge of topping out on 98 Dekalb Avenue, a 610-foot-tall residential skyscraper in Fort Greene, Brooklyn. Designed by SLCE Architects and developed by Rockrose Development, the 49-story structure will span 418,092 square feet and yield 609 residential units and 3,775 square feet of commercial space. The property is alternately addressed as 180 Ashland Place and located at the corner of Dekalb Avenue and Ashland Place.

Updated rendering of 200 East 20th Street

200 East 20th Street Nears Completion in Gramercy Park, Manhattan

8:00 am on June 19, 2024 By Michael Young

Construction is wrapping up on 200 East 20th Street, a 19-story residential building in Gramercy Park, Manhattan. Designed by CetraRuddy and developed by Tidhar Group Ltd., the 210-foot-tall structure will span 82,800 square feet and yield 52 condominium units in one- to three-bedroom layouts with an average scope of 1,260 square feet, as well as 2,730 square feet of retail space. The property is located at the southeast corner of East 20th Street and Third Avenue.

660 Lexington Avenue Continues Ascent in Midtown East, Manhattan

7:30 am on June 18, 2024 By Michael Young

Construction is rising above street level on 660 Lexington Avenue, a 19-story residential building in Midtown East, Manhattan. Designed by Zproekt Architecture and developed and built by Sergey Rybak of Rybak Development under the 660 Lexington Avenue Development LLC, the 233-foot-tall structure will span 52,558 square feet and yield 23 condominium units with an average scope of 2,123 square feet, as well as 2,551 square feet of commercial space, 1,174 square feet of community facility space, and a cellar level. The property is alternately addressed as 133 East 55th Street and located at the corner of Lexington Avenue and East 55th Street.

Façade Installation Progresses On 262 Fifth Avenue in NoMad, Manhattan

8:00 am on June 17, 2024 By Michael Young

Façade installation is progressing on 262 Fifth Avenue, a slender 56-story residential skyscraper in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 860-foot-tall structure will yield 26 condominium units with an average scope of 3,200 square feet, including at least one quadruplex unit. The project stands on a 5,000-square-foot plot at the southwest corner of Fifth Avenue and West 29th Street.

550 Tenth Avenue Nears Completion in Hell’s Kitchen, Manhattan

8:00 am on June 11, 2024 By Michael Young

Construction is nearing completion on 550 Tenth Avenue, a 520-foot-tall residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 47-story structure will span 430,000 square feet and yield 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner of the property, which is located along Tenth Avenue between West 40th and 41st Streets.

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Articles by Michael Young

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