New York YIMBY

Demolition Concludes for Extell’s Potential Supertall at 570 Fifth Avenue in Midtown, Manhattan

8:00 am on December 29, 2022 By Michael Young

At number three on our December countdown of the tallest buildings underway in New York is 570 Fifth Avenue, a potential 1,101-foot supertall in Midtown, Manhattan. Developed by Extell, the skyscraper could rise 78 stories and span 1.4 million square feet with hotel and condominium components. Alternately, the plot could give rise to an 860-foot-tall, 47-story office tower yielding more than 1.5 million square feet. ALBA Services is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 46th Street.

Rendering of completely repurposed 25 Water Street, New York City, from office to residential, courtesy of CetraRuddy.

Developers Close on $535M Loan to Redevelop 25 Water Street in Financial District, Manhattan

7:30 am on December 29, 2022 By Sebastian Morris

Newmark has arranged a $535.8 million loan to support a 22-story office-to-residential conversion project at 25 Water Street in Manhattan’s Financial District. The joint venture behind the project includes GFP Real Estate, Metro Loft Management, and Rockwood Capital.

Housing Lottery Launches for 60 Fulton Street in Manhattan’s Financial District

7:00 am on December 29, 2022 By Vanessa Londono

The affordable housing lottery has launched for 60 Fulton Street, a 23-story mixed-use building at 54-56 Fulton Street in Manhattan’s Financial District. Designed by Hill West Architects and developed by Parkland Group and Socius Development Group, the structure yields 120 residences. Available on NYC Housing Connect is a waiting list to fill four current and ongoing vacancies for the 30 affordable units allotted to residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,378 to $187,330.

Permits Filed for 195 East 163rd Street in Concourse, The Bronx

6:30 am on December 29, 2022 By Vanessa Londono

Permits have been filed for a six-story mixed-use building at 195 East 163rd Street in Concourse, The Bronx. Located at the intersection of East 163rd Street and Sheridan Avenue, the corner lot is a short walk south of the 167th Street subway station, serviced by the B and D trains. Yoel Brody is listed as the owner behind the applications.

Rendering of 41-47 West 57th Street by OMA

1,100-Foot Supertall Awaits Construction at 41-47 West 57th Street in Midtown, Manhattan

8:00 am on December 28, 2022 By Michael Young

The fourth-tallest building on our year-end countdown is 41-47 West 57th Street, a proposed 1,100-foot mixed-use supertall along Billionaires’ Row in Midtown. Designed by OMA and developed by Sedesco, the 63-story skyscraper will yield 119 condominium units spread across 237,000 square feet, a 158-room hotel spanning 205,100 square feet on floors two through 20, and a 10,212-square-foot restaurant. The tower is set to rise from an interior plot between Fifth and Sixth Avenues with frontage along both West 57th and West 58th Streets.

Rendering of the Alafia campus along Fountain Avenue and Betts Creek

Renderings Reveal $1.2B Mixed-Use Alafia Campus in East New York, Brooklyn

7:30 am on December 28, 2022 By Sebastian Morris

Developers and New York State agencies have revealed renderings for Alafia, a 27-acre redevelopment project in East New York, Brooklyn. Located along Fountain Avenue near the Betts Creek waterfront, the $1.2 billion multi-phase campus will create 2,400 affordable apartments, a 15,000-square-foot outpatient medical clinic, retail space, multiple parking areas, and a mix of publicly accessible green space and recreational area.

Housing Lottery Launches for 875 4th Avenue in Sunset Park, Brooklyn

7:00 am on December 28, 2022 By Vanessa Londono

The affordable housing lottery has launched for 875 4th Avenue, an eight-story residential building in Sunset Park, Brooklyn. Designed by Fischer + Makooi Architect and developed by Heritage Equity Partners under the 875 4th Avenue Acquisition LLC, the structure yields 150 residences and 62 enclosed parking spaces. Available on NYC Housing Connect are 45 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,863 to $187,330.

Permits Filed for 1652 Grand Avenue in Morris Heights, The Bronx

6:30 am on December 28, 2022 By Vanessa Londono

Permits have been filed to expand a two-story, two-unit mixed-use building at 1652 Grand Avenue in Morris Heights, The Bronx. Located between West 174th Street and West 176th Street, the lot is near the 176th Street subway station, serviced by the 4 train. Isaac Friedman is listed as the owner behind the applications.

Excavation Underway for Supertall Hotel and Observation Tower at 740 Eighth Avenue in Midtown, Manhattan

8:00 am on December 27, 2022 By Michael Young

Leading off the top five in our year-end countdown of the tallest construction projects underway in New York is 740 Eighth Avenue, a planned 1,067-foot hotel and observation tower in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story supertall will span 776,000 square feet with 825 hotel rooms on the lower half and a public observatory with a drop ride attraction on the upper levels. The project will also feature retail space, two upper restaurant floors, and a pool deck. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling the excavation and foundations for the property, which is located between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

Rendering of 963 Atlantic Avenue - Courtesy of Paperfarm; Kutnicki Bernstein Architects

963 Atlantic Avenue Wraps Up Construction in Clinton Hill, Brooklyn

7:30 am on December 27, 2022 By Michael Young

Construction is wrapping up on 963 Atlantic Avenue, a nine-story residential building in Clinton Hill, Brooklyn. Designed by Kutnicki Bernstein Architects and developed by Efraim Weber, the structure will yield 124 rental units designed by Durukan Design in studio, one-, and two-bedroom layouts, as well as ground-floor retail space for two tenants and a selection of amenities. Durukan Designers is the interior designer and NY Developers and Management is the general contractor for the property, which is alternately addressed as 957 Atlantic Avenue and is located between Classon Avenue to the east and Grand Avenue to the west.

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