From Piano Row To Billionaires’ Row: Demolition Wraps Up On Three Buildings At 27-33 West 57th Street

5:36 pm on February 26, 2016 By Vitali Ogorodnikov

The stunningly tall towers rising along 57th Street are taking the Manhattan skyline to a whole new level. Despite their relatively small footprints, some projects are actually replacing true architectural gems. Between the end of 2014 and the beginning of 2016, the LeFrak Organization and Vornado Realty leveled three pre-war buildings at 27-33 West 57th Street. Although the latest reports indicated a “seven star hotel,” final plans are still unknown. Given the site’s Billionaires’ Row location and proximity to Central Park, whatever gets built will most likely be very tall, and very expensive.

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69 East 125th Street

Foundation Work Underway For 12-Story, 75-Unit Mixed-Use Project At 69 East 125th Street, East Harlem

4:00 pm on February 26, 2016 By Reid Wilson

Last December, renderings surfaced of the 12-story, 75-unit mixed-use building at 69 East 125th Street, in East Harlem, and now foundation work is underway, Harlem+Bespoke reports. The project will encompass 80,619 square feet and will include 5,643 square feet of ground-floor retail space. The residential units will begin on the second floor and should average 767 square feet apiece, indicative of rental apartments. Twenty percent of the units will rent at below market-rates, and amenities will include underground parking for 15 vehicles, laundry, bike storage, residential storage, a fitness center, and rooftop recreational space. Greystone Property Development is the developer with Kutnicki Bernstein Architects designing. Completion is expected in early 2017.

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42-15 Crescent Street

11-Story, 124-Unit Mixed-Use Project Changes Hands At 42-15 Crescent Street, Long Island City

3:00 pm on February 26, 2016 By Reid Wilson

In early 2015, the two-story expansion of the 11-story, 124-unit residential conversion project at 42-15 Crescent Street, in the Queens Plaza section of Long Island City, topped out, and later that year exterior construction largely wrapped up. World Wide Group is now acquiring the project from Meadow Partners for roughly $70 million, according to The Real Deal. World Wide will finish construction on the 111,000-square-foot building, which will have 7,596 square feet of ground-floor retail space. The apartments will be rentals and should average 761 square feet apiece. Amenities will include a lounge, bike storage, a gym, and rooftop recreational space. Avinash K. Malhotra Architects is designing. Completion is expected later this year.

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1374 65th Street

Three-Story Multi-Use Commercial Project Coming To 1374 65th Street, Dyker Heights

2:00 pm on February 26, 2016 By Reid Wilson

Property owner Tiffany Tam, doing business as Staten Island-based Golden Stone Enterprise, has filed applications for a three-story, 6,000-square-foot multi-use commercial building at 1374 65th Street, in northern Dyker Heights, located four blocks from subway stops on the D and N trains. The ground floor of the new building will be entirely retail, the second floor will contain a children’s daycare center, and the third floor will have medical offices. Robert Palermo’s Brooklyn-based Corporate Design of America is the architect of record. The 50-foot-wide plot of land is currently occupied by a two-story brick house. Demolition permits have not yet been filed to knock it down.

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3430 Third Avenue

Four-Story, 11-Unit Residential Project Planned At 3430 Third Avenue, Morrisania

1:00 pm on February 26, 2016 By Reid Wilson

Property owner Franc Gjini has filed applications for a four-story, 11-unit residential building at 3430 Third Avenue, in Morrisania, located on the block between East 166th and 167th streets. The development will measure just 6,518 square feet in total and its residential units will average 593 square feet apiece, indicative of small rental apartments. The ground floor will host two apartments and the floors above will contain three apartments each. Pelham, N.Y.-based Fred Geremia Architects & Planners is the architect of record. The 25-foot-wide lot has long been vacant.

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