Articles by Michael Young and Matt Pruznick

Foundations Underway For 5055 Broadway in Inwood, Manhattan 

7:30 am on August 25, 2024 By Michael Young and Matt Pruznick

Below-grade work is underway at 5055 Broadway, the site of an 11-story mixed-use building in Inwood, Manhattan. Designed by Fischer + Makooi Architects and developed by Timber Equities, the 155-foot-tall structure will span 50,808 square feet and yield 60 rental apartments in one- to two-bedroom layouts, with 25 percent dedicated to affordable housing, as well as amenities and ground-floor retail space. The 7,500-square-foot property is located between West 215th and 216th Streets and was once a surface-level parking lot.

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25 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan

8:00 am on August 24, 2024 By Michael Young and Matt Pruznick

Construction progressing on 25 Water Street, a 32-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the replacement of the building’s brick façade with a modern fenestration featuring more expansive windows, a gut renovation of its 1.1 million square feet of interiors, and the construction of ten new stories above its former parapet. The overhaul will yield 1,300 apartments, making it the largest office-to-residential conversion in US history by unit count, surpassing the 566-unit redevelopment of One Wall Street a few streets to the north. The property is bound by Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west.

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Construction Goes Vertical on 68-Story Skyscraper at 100 West 37th Street in Midtown, Manhattan

8:00 am on August 23, 2024 By Michael Young and Matt Pruznick

Construction is rising on 100 West 37th Street, a 68-story mixed-use skyscraper in the Garment District of Midtown, Manhattan. Designed by C3D Architecture and developed by Sioni Group under the 989 Sixth Realty LLC, the 785-foot-tall structure will span 384,118 square feet and yield 300 condominium units with an average scope of 991 square feet, as well as 86,817 square feet of commercial space and two cellar levels. The property is alternately addressed as 989-993 Sixth Avenue and located at the intersection of Sixth Avenue and West 37th Street.

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Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

335 Eighth Avenue’s Brick Façade Begins Installation in Chelsea, Manhattan

8:00 am on August 22, 2024 By Michael Young and Matt Pruznick

Façade installation is steadily progressing on 335 Eighth Avenue, a seven-story residential building in Chelsea, Manhattan. Designed by COOKFOX Architects and developed by MAG Partners and Mutual Redevelopment Houses, Inc., the 200,000-square-foot structure will yield 188 rental units in studio to two-bedroom layouts, a 23,000-square-foot Lidl supermarket, and additional ground-floor retail space. Thirty percent of the homes will be reserved for affordable housing. Urban Atelier Group is the general contractor for the ground-up property, which is located at the corner of Eighth Avenue and West 26th Street within the Penn South affordable housing cooperative, officially known as Mutual Redevelopment Houses.

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1 Park Point Wraps Up Construction in Windsor Terrace, Brooklyn

8:00 am on August 7, 2024 By Michael Young and Matt Pruznick

Construction is finishing up on 1 Park Point, a 13-story residential building in Windsor Terrace, Brooklyn. Designed by FXCollaborative and developed by Focus Property Group, a subsidiary of JEMB Realty, the 145-foot-tall structure will span 395,726 square feet and yield 375 rental units with an average scope of 798 square feet, as well as 5,388 square feet of retail space, 18,850 square feet of community space, a cellar level, and 106 enclosed parking spaces. Twenty-five percent of the residential units will be dedicated to affordable housing. Pavarini McGovern served as the general contractor for the property, which was formerly addressed as 11 Ocean Parkway and is located on Machate Circle at the southwestern corner of Prospect Park, bound by Ocean Parkway, Coney Island Avenue, and Caton Place.

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