On Tuesday, the Landmarks Preservation Commission approved a plan to relocate the entrance to the Paramount Building, an individual landmark at 1501 Broadway in Times Square, from Broadway on to West 43rd Street.
Douglaston Development’s fourth and final tower on the Williamsburg waterfront topped out yesterday at 2 North 6th Place.
One of the hundreds of vacant lots in the South Bronx is about to become supportive housing. A non-profit organization has filed plans for a six-story residential facility at 1084 Ogden Avenue in Highbridge, a western Bronx neighborhood just north of Yankee Stadium.
In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.
In the next few weeks, O’Neill Properties Group is expected to break ground on the 5.8-million-square-foot mixed-use mega-development planned on 418 acres along the Raritan River in Sayreville, New Jersey. The New York Times reports the project, dubbed the Pointe, will include 2,000 residential units, up to 1,000 hotel rooms, 750,000 square feet of office space, and 2.4 million square feet of commercial-retail space. Also approved is 226,000 square feet of Times Square-style digital signage across seven billboards.
