Rendering of 520 Fifth Avenue and the Midtown skyline

520 Fifth Avenue’s Curtain Wall Takes Shape in Midtown, Manhattan

8:00 am on December 29, 2023 By Michael Young and Matt Pruznick

At number three on our year-end countdown of the tallest buildings under construction in New York is 520 Fifth Avenue, a 1,002-foot residential supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 88-story structure will span 415,000 square feet and yield 100 condominium units with interior design by Charles & Co., as well as commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

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Render of 30-02 Whitestone Expressway, courtesy of JLL

Developer Secures Loan For 30-02 Whitestone Expressway In College Point, Queens

7:30 am on December 29, 2023 By Max Gillespie

New York-based real estate development firm Triangle Equities has secured $50 million in pre-development financing for a new multi-story logistics facility in College Point, Queens. The loan was arranged by JLL Capital Markets and provided by Centennial Bank. This financing marks an important step toward the development of the planned 425,000-square-foot industrial site located at 30-02 Whitestone Expressway.

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Housing Lottery Launches for 673 Hart Street in Bushwick, Brooklyn

7:00 am on December 29, 2023 By Vanessa Londono

The affordable housing lottery has launched for 673 Hart Street, a five-story residential building in Bushwick, Brooklyn. Designed by Fang Architect and developed by Louis Yeung, the structure yields 29 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $95,829 to $198,250.

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Permits Filed for 1493 Dekalb Avenue in Bushwick, Brooklyn

6:30 am on December 29, 2023 By Vanessa Londono

Permits have been filed to convert a two-story structure into a four-story residential building at 1493 Dekalb Avenue in Bushwick, Brooklyn. Located between Irving Avenue and Knickerbocker Avenue, the lot is near the Dekalb Avenue subway station, serviced by the L train. Yaniv Garbo under the Moore Residence LLC is listed as the owner behind the applications.

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The Greenwich’s Exterior Nears Completion at 125 Greenwich Street in Financial District, Manhattan

8:00 am on December 28, 2023 By Michael Young and Matt Pruznick

The fourth-tallest building on our year-end construction countdown is The Greenwich, a 912-foot-tall residential skyscraper at 125 Greenwich Street in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group, Bilgili, and Bizzi & Partners, the 88-story structure will yield 273 condominium units designed by March & White (MAWD) and marketed by Douglas Elliman Marketing Development. Homes will range from studios to three-bedroom layouts with pricing starting at $1.15 million. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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