FOUND Study, a provider of affordable student and intern housing, now operates one of largest hotel-to-residential conversion projects in Manhattan history. Located at 525 Lexington Avenue in Turtle Bay, the landmarked building was completed in 1923 and is designed by Empire State Building architect Arthur Loomis Harmon.
RXR has released new images of Maven, the developer’s latest residential project in the South Bronx. Located at 2413 Third Avenue in Mott Haven, the 27-story tower is designed by CetraRuddy Architects and contains 200 rental apartments, including 60 rent-stabilized units for middle-income households.
Hyundai Motor America has acquired a three-story commercial building at 500 West 14th Street in Manhattan’s Meatpacking District with plans to expand its presence in New York City. The existing building features a nondescript brick façade and occupies an entire wedge-shaped block.
Proposals to construct a nine-story mixed-use building at 712 Myrtle Avenue in Bedford Stuyvesant, Brooklyn are now under review by the Department of City Planning. Local developer Joel Berkowitz, doing business as 712 Myrtle Rezoning, LLC submitted the plans for approval along with an application for zoning map amendments that would permit the construction of a new residential property.
Construction has commenced at 499 Summit Avenue, the site of a 53-story residential skyscraper in the Journal Square section of Jersey City. Led by Panepinto Properties and AJD Construction and designed by HLW International, the tower will contain 605 rental apartments, 3,200 square feet of retail space on the lower floors, and a parking garage. While the full amenity package has not been announced, renderings of the building reveal a roof deck above the podium level with a large communal terrace, outdoor lounge space, and planters. The development will also create a new public plaza.
