New York YIMBY

Housing Lottery Launches for 282 Hinsdale Street in East New York, Brooklyn

6:30 am on August 15, 2023 By Vanessa Londono

The affordable housing lottery has launched for 282 Hinsdale Street, an eight-story residential building in East New York, Brooklyn. Designed by Curtis + Ginsberg Architects and developed by New York City Department of Housing Preservation and Development, the structure yields 71 residences. Available on NYC Housing Connect are 27 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $37,920 to $91,500.

Construction At PENN2 Continues At Two Penn Plaza in Midtown, Manhattan

8:00 am on August 14, 2023 By Michael Young

Construction and expansion work continues at PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the topped-out project involves the replacement of the 412-foot-tall tower’s outdated midcentury façade with a new glass curtain wall and set of light-colored metal paneling, a full gut renovation of its 1.61 million square feet of office space, new pocketed corner terraces, and a multi-story cantilevering volume along Seventh Avenue. GMSLLP is the façade consultant and Turner Construction Company and Skanska are the contractors for the property, which is located between West 31st and West 33rd Streets within the Penn District revitalization master plan.

Excavation Underway for Hendrix House at 429 Second Avenue in Kips Bay, Manhattan

7:30 am on August 14, 2023 By Michael Young and Matt Pruznick

Excavation is unfolding for Hendrix House, a 12-story residential building at 429 Second Avenue in Kips Bay, Manhattan. Designed by DXA Studio and developed by New Empire Corp., the 150-foot-tall structure will span 44,571 square feet and yield 59 condominium units and a suite of Paris Forino-designed amenity spaces. CORE Real Estate is handling sales and marketing and New Empire Builder Corp. is the general contractor for the property, which is located at the corner of Second Avenue and East 25th Street.

“Bars of Color within Squares” at 425 Park Avenue South - Photo by Alan Schindler

L&L Holding Company Unveil Large-Scale Artworks at 425 Park Avenue in Midtown, Manhattan

7:00 am on August 14, 2023 By Sebastian Morris

L&L Holding Company has unveiled a pair of prominent artworks at Norman Foster‘s 425 Park Avenue office skyscraper in Midtown East. The artworks now occupy the building’s jewel box triple-height lobby and show on a digital display on the three ornamental fins that crown the structure.

Permits Filed for 1320 Inwood Avenue in Mount Eden, The Bronx

6:30 am on August 14, 2023 By Vanessa Londono

Permits have been filed for a 14-story mixed-use building at 1320 Inwood Avenue in Mount Eden, The Bronx. Located between West 170th Street and Clarke Place West, the lot is near the 170th Street subway station, serviced by the 4 train. Ralph Fasano of the Concern for Independent Living is listed as the owner behind the applications.

The Warren Street Hotel Approaches Completion at 86 Warren Street in Tribeca, Manhattan

8:00 am on August 13, 2023 By Michael Young and Matt Pruznick

Construction is nearing completion on the Warren Street Hotel, an 11-story building at 86 Warren Street in Tribeca. Designed by Paul Taylor with Stonehill Taylor and developed by Firmdale on a land lease from Solil Management, the 135-foot-tall structure will span 44,000 square feet and yield 69 guest rooms operated by Firmdale Hotels, as well as the 150-seat Warren Bar and Restaurant, a drawing room, an orangery, and a private event space. Pavarini McGovern is the general contractor and Kit Kemp is the interior designer for the project, which rises from the site of a former open-air parking lot between Greenwich Street and West Broadway.

New York Korea Center Awaits Finishing Touches at 122-126 East 32nd Street in Murray Hill, Manhattan

7:30 am on August 13, 2023 By Michael Young and Matt Pruznick

Work is wrapping up on The New York Korea Center, the new seven-story home of the Consulate General of the Republic of Korea at 122-126 East 32nd Street in Murray Hill. Designed by Samoo Architects and Engineers (SAMOO) and developed by Level Group, the 120-foot-tall structure will yield 36,500 square feet and is engineered to achieve LEED Certification. KSK Construction Group is the general contractor for the property, which is located on an interior lot between Park Avenue South and Lexington Avenue.

Aerial view of Edgemere Commons - Aufgang Architects

Wells Fargo Hits $780M Financing Milestone for New York City Affordable Housing Projects

7:00 am on August 13, 2023 By Sebastian Morris

The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.

Permits Filed for 586 Schenectady Avenue in East Flatbush, Brooklyn

6:30 am on August 13, 2023 By Vanessa Londono

Permits have been filed to expand a one-story structure into a four-story residential building at 586 Schenectady Avenue in East Flatbush, Brooklyn. Located between Rutland Road and Winthrop Street, the lot is near the Sutter Avenue – Rutland Road subway station, serviced by the 3 train. Yossi Gershovitz is listed as the owner behind the applications.

Rendering of the National Black Theatre and Ray Harlem

Ray Harlem Rises At 2033 Fifth Avenue in East Harlem, Manhattan

8:00 am on August 12, 2023 By Michael Young

Construction is in full swing for Ray Harlem at 2033 Fifth Avenue in the Special Arts District in East Harlem, Manhattan. Designed by Handel Architects and Frida Escobedo, and developed by Ray and LMXD, the ground-up 21-story, 240-foot-tall mixed-use project will yield 222 rental units in the main tower ranging from studios to two-bedrooms, a portion of which are designated towards affordable housing, while the National Black Theatre (NBT) is expected to occupy 25,000 square feet of space on the ground floor, cellar level and floors three through five and feature a 250-seat flexible temple space and a 99-seat studio theater, classrooms, and offices. Little Wing Lee is the interior designer, Charcoalblue, Marvel Architects, and Studio & Projects are overseeing the theater aspect and Chatsworth Builders is listed at the general contractor for the property, which is located along Fifth Avenue between East 125th and East 126th Streets.

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