Articles by Michael Young

Columbia’s Newest Building Makes Vertical Progress on Manhattanville Campus

7:30 am on May 6, 2019 By Michael Young

Progress on the steel superstructure is moving quickly on the first of the Diller Scofidio + Renfro-designed pair of buildings on Columbia University’s new Manhattanville campus. These will be formally named the Henry R. Kravis Building and the Ronald O. Perelman Center for Business Innovation, and construction can easily seen from the nearby 125th Street subway station. The project will yield over 450,000 square feet of classrooms, faculty offices, lounge areas, and double-height spaces that will overlook outdoor green spaces.

Margaritaville Resort Begins to Rise Above Street Level at 560 Seventh Avenue, in Times Square

8:00 am on May 5, 2019 By Michael Young

The first floor slabs for a new Margaritavile Resort at 560 Seventh Avenue are beginning to rise above the crowded tourist-congested streets and sidewalks of Times Square. The 29-story building will sit at the intersection of Seventh Avenue and West 40th Street. Coming to the property will be a three-story restaurant, an outdoor swimming pool with plentiful seating and beach-themed motifs, and a rooftop bar called the LandShark Bar & Grill. Sharif El-Gamal of Soho Properties is developing the site along with MHP Real Estate Services. The cost to build is expected to be around $300 million.

Leasing Begins This Week at The Enclave, aka 675 Monmouth Street, in Jersey City

7:30 am on May 5, 2019 By Michael Young

Leasing is beginning this week for The Enclave, aka 675 Monmouth Street, an upcoming six-story rental property on the border of Jersey City and Hoboken. BNE Real Estate Group, Hoboken Brownstone Company, and McKinney Properties are the three developers while The Marketing Directors is in charge of leasing and marketing for the property’s 260 residences.

Unique Brick Façade and New Interior Shots Unveiled For 100 Franklin Street, in Tribeca

8:00 am on May 3, 2019 By Michael Young

The uniquely detailed façade of 100 Franklin Street in the Tribeca East Historic District is beginning to be revealed. The residential project consists of conjoined triangular-shaped buildings on a narrow property, yielding ten full-floor residences. Half of the scaffolding and white sheathing that was covering the main eastern elevation has now been disassembled, exposing its detailed masonry craftsmanship. DDG is the architect of the project. The intricately detailed curtain wall uses hand-laid Petersen Tegl bricks. Douglas Elliman is in charge of handling sales.

Condo Sales Launch for Landmarked Broad Exchange Building at 25 Broad Street, in the Financial District

8:00 am on May 2, 2019 By Michael Young

The condominium conversion and redevelopment of the landmarked Broad Exchange Building, aka 25 Broad Street, has officially wrapped, with sales now launching. The structure was designed by Clinton & Russell, and was once the largest office building in the Financial District and all of Manhattan, formerly serving as the headquarters of investment bank and stock brokerage firm Paine Webber. It was designated as a landmark in 2000. A total of 307 units will be created and be divided between 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Prices will start from under $1 million and range from about $950 per square foot on the ground floor to $2,150 per square foot for the top floors, with LCOR serving as the site’s developer.

Thomas Heatherwick’s Sculptural Windows Going Up at 515 West 18th Street, in Chelsea

8:00 am on May 1, 2019 By Michael Young

The first sculptural glass panels on Thomas Heatherwick’s premiere residential project at 515 West 18th Street are starting to be installed. The glass and metal frames are rising on the western elevation of the shorter ten-story building, which has topped out along Tenth Avenue. Heatherwick’s pair of architecturally matching structures straddle the High Line and will be an interesting addition to the Chelsea neighborhood. The taller half of the complex is rising on the western edge of the elevated park and will soon stand 22 stories high. The site is being developed by Related Companies.

YIMBY Tours the Residential Conversion of One Wall Street, in Financial District

8:00 am on April 30, 2019 By Michael Young

YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.

Construction Resumes at 540 Fulton Street in Downtown Brooklyn

7:30 am on April 30, 2019 By Michael Young

Work has resumed on 540 Fulton Street, a 511-foot-tall, 42-story, mixed-use skyscraper in Downtown Brooklyn. Construction had been suspended since February, when stop work orders were issued due to alleged safety concerns at the site. The mixed-use residential project is being designed by Marvel Architects and developed by Jenel Management. The reinforced concrete tower will yield about 330,000 square feet, with nearly 96,600 square feet to be allocated to commercial space on the lower floors. The remainder will be reserved for residences and measure about 236,900 square feet.

Funding Secured for Brooklyn’s First Supertall, at 9 DeKalb Avenue

8:00 am on April 29, 2019 By Michael Young

Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.

Brick Facade Progressing at 138 North 10th Street in Williamsburg

7:30 am on April 29, 2019 By Michael Young

Construction has topped out and façade work is underway at 138 North 10th Street, a six-story warehouse-inspired condominium complex in Williamsburg, Brooklyn. The project is being designed by Morris Adjmi Architects and developed by Eli Hamway and Michael Shamah of Eastern Capital Group. The structure will contain nine loft homes with two- and three-bedroom units, as well as two lower triplexes. Halstead Property Development Marketing’s The Aguayo Team is marketing and handling sales, with units starting at $1.7 million. The site is located on North 10th Street between Berry Street and Bedford Avenue.

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Articles by Michael Young

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