Steelwork Wraps for Ronald O. Perelman Performing Arts Center in the Financial District, Manhattan

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

Steel assembly work is now complete on the Ronald O. Perelman Performing Arts Center with the installation of the final beam this past week at the Financial District site. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by an independent non-profit company called The Perelman, the 138-foot-tall cubic performance space stands at the northern end of the original 16-acre World Trade Center complex, bound by Greenwich Street to the east, Vesey Street to the north, Fulton Street to the south, and Skidmore Owings & Merrill‘s One World Trade Center to the west.

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100 Pearl Street’s Exterior Overhaul Progresses in the Financial District, Manhattan

7:30 am on May 4, 2021 By Michael Young

Work is progressing on 100 Pearl Street, a project to renovate the lower floors of the mixed-use Financial District building to an expanded, more pedestrian-friendly arcade, as well as upgrades at the roof level. Alternately addressed as 7 Hanover Square, the overhaul is being designed by S9 Architecture and developed by GFP Real Estate and will feature 1,450 square feet of indoor public space plantings, 10 to 18 food and beverage retailers, at least two new retail shops on Pearl Street and at least two on Water Street, kiosks, 167 new seats, and new lobby space.

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38-35 Crescent Street Apartments. All images courtesy of NYC Housing Connect

Affordable Housing Lottery Launches for 38-35 Crescent Street in Long Island City, Queens

6:30 am on May 4, 2021 By Vanessa Londono

The affordable housing lottery has launched for 38-35 Crescent Street, a six-story mixed-use building in Long Island City, Queens. The 26,000-square-foot development was designed by Mehdi Ghazi and yields 17 units. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,858 to $167,570.

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Central Park Tower’s Crown Begins to Illuminate Over Midtown

8:00 am on May 3, 2021 By Michael Young

Central Park Tower‘s crown lights began to illuminate for the first time this past weekend, an exciting harbinger of the imminent full completion of the 1,550-foot Midtown supertall. Located at 217 West 57th Street on Billionaires’ Row, the tower is designed by Adrian Smith + Gordon Gill and developed by Extell and stands as the tallest structure by roof height in the Western Hemisphere and the tallest residential building in the world. Corcoran Sunshine and Extell Marketing Group are leading sales for its 179 units and are anticipating a $4 billion sellout.

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