New York YIMBY

125 Greenwich Street Lands $313 Million to Finish Construction in Manhattan’s Financial District

8:00 am on February 7, 2023 By Michael Young

Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

223 West 46th Street Nears Completion in Times Square, Manhattan

7:30 am on February 7, 2023 By Michael Young

Construction is finishing up on the 20-story Marriott SpringHill hotel at 223 West 46th Street in Times Square. Designed by Gene Kaufman Architects and developed by McSam Hotel Group, the 70,000-square-foot structure will yield 200 guest rooms. Zhong Wang Construction Services is the general contractor for the project, which is located between Seventh and Eighth Avenues.

Evening rendering of 1188 President Street

Renderings Reveal Mixed-Use Expansion at 1188 President Street in Crown Heights, Brooklyn

7:00 am on February 7, 2023 By Sebastian Morris

Renderings from BILD NY Architecture are the first to reveal a new residential expansion project at 1188 President Street in Crown Heights, Brooklyn. The existing property, constructed around 1920, stands two stories tall and houses a small ground-floor deli and five rental apartments. The expansion will add a three-story volume above, and several neighboring properties along President Street and Nostrand Avenue.

Housing Lottery Launches for 124 Withers Street in Williamsburg, Brooklyn

6:30 am on February 7, 2023 By Vanessa Londono

The affordable housing lottery has launched for 124 Withers Street, a five-story residential building at in Williamsburg, Brooklyn. Designed by Michael Muroff Architect and developed by James Ruggiero, the structure yields 14 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,715 to $156,130.

Façade Work Continues on BIG’s One High Line at 500 West 18th Street in Chelsea, Manhattan

8:00 am on February 6, 2023 By Michael Young

Façade installation continues on One High Line, a two-tower mixed-use complex at 500 West 18th Street in Chelsea, Manhattan. Designed by Bjarke Ingels Group and developed by Witkoff Group and Access Industries, the 900,000-square-foot project consists of 36- and 26-story towers rising from a shared podium and will yield 236 condominium units, a hotel component, ground-floor retail space, and a public plaza. Witkoff purchased the property, formerly known as The XI, in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital to complete the once-stalled development. Suffolk Construction is the new general contractor, Enzo Enea is the landscape architect, and Corcoran Sunshine Marketing Group is handling sales and marketing for the project, which is alternately addressed as 76 Eleventh Avenue and stands adjacent to the High Line on a plot bound by West 18th Street to the north, West 17th Street to the south, Tenth Avenue to the east, and West Street to the west.

540 Waverly Avenue Completes Construction in Clinton Hill, Brooklyn

7:30 am on February 6, 2023 By Michael Young

Construction is complete on 540 Waverly Avenue, a nine-story residential building in Clinton Hill, Brooklyn. Designed by Kutnicki Bernstein Architects and developed by The Daten Group, the 117,000-square-foot structure yields 135 rental units spread across 91,000 square feet with 41 residences reserved for affordable housing, 52 parking spaces, and 6,000 square feet of ground-floor retail space. The property is located at the corner of Waverly and Atlantic Avenues.

106 Mt. Hope Place in The Bronx - Node Architecture

Construction Now Complete at 106 Mt. Hope Place in Mount Hope, The Bronx

7:00 am on February 6, 2023 By Sebastian Morris

Construction is now complete on 106 Mt. Hope Place, a new eight-story rental property in the Mount Hope section of The Bronx. Designed by Node Architecture, the building comprises 28,294 square feet with amenity spaces that include bike storage and a rear yard.

Permits Filed for 45-07 45th Street in Sunnyside, Queens

6:30 am on February 6, 2023 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building with affordable housing at 45-07 45th Street in Sunnyside, Queens. Located between Queens Boulevard and Greenpoint Avenue, the lot is two blocks from the 46 Street-Bliss Street subway station, serviced by the 7 train. Alex Lau under the 4502 Sunnyside LLC is listed as the owner behind the applications.

Anish Kapoor’s Bean Sculpture Unveiled at 56 Leonard Street in Tribeca, Manhattan

8:00 am on February 5, 2023 By Michael Young

Work is finally finished on Anish Kapoor’s mirrored bean sculpture at the base of 56 Leonard Street, an 831-foot-tall residential skyscraper in Tribeca. The 19-foot-tall, 48-foot-long amorphous artwork was unveiled last week beside the main lobby and ground-floor retail space of the 57-story reinforced concrete tower, which was designed by Herzog & de Meuron and Hill West Architects for Alexico Grpup and opened in 2017. Performance Structures was the fabricator for Kapoor’s 40-ton permanent installation, located at the corner of Leonard and Church Streets.

428 West 19th Street Nears Topping Out in Chelsea, Manhattan

7:30 am on February 5, 2023 By Michael Young

Construction is nearing topping out on 428 West 19th Street, an 11-story residential building in Chelsea, Manhattan. Designed by BKSK Architects and developed by Anbau Enterprises, which purchased the property for $18.5 million in 2020, the 118-foot-tall structure will yield 32 condominium units with an average scope of 1,463 square feet. Ryder Construction is the general contractor for the project, which is located on an interior lot between Ninth and Tenth Avenues.

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