Work Continues on Mandarin Oriental Residences Fifth Avenue at 685 Fifth Avenue in Midtown, Manhattan

8:00 am on July 2, 2022 By Michael Young

Work is continuing to progress on the Mandarin Oriental Residences Fifth Avenue, a 29-story building at 685 Fifth Avenue in Midtown and the first east coast residential-only property from the prestigious hotel brand. Designed by Marin Architects and developed by SHVO in partnership with Deutsche Finance, the $135 million project involves the construction of a ten-floor addition above a former commercial structure and the conversion of 100,000 square feet of office space, creating a total of 69 fully furnished turnkey condominium residences managed by Mandarin Oriental Hotel Group and marketed by Douglas Elliman Development Marketing. The Rinaldi Group of New York is the general contractor for the property, which is located between East 53rd and East 54th Streets. The Fifth Avenue retail frontage is marketed by Brookfield Properties.

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Rendering of venue entry and reception area at 92NY - Beyer Blinder Belle

92NY Breaks Ground on $200M Redevelopment at 1395 Lexington Avenue on Manhattan’s Upper East Side

7:30 am on July 2, 2022 By Sebastian Morris

This month, the 92nd Street Y kicked-off a multi-phase redevelopment of its historic headquarters on the Upper East Side, Manhattan. Located at 1395 Lexington Ave at the corner of East 92nd Street, the $200 million restoration project will help the organization enrich the services, events, and facilities it provides to its visitors and the local Manhattan community.

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Affordable Housing Lottery Launches for 310 Grand Concourse in Mott Haven, Bronx

7:00 am on July 2, 2022 By Vanessa Londono

The affordable housing lottery has launched for 310 Grand Concourse, a 14-story residential building in Mott Haven, The Bronx. Designed by Fischer + Makooi Architect and developed by Simon Kaufman, the structure yields 135,106 square feet, with 157 units and 66 enclosed parking spaces. Available on NYC Housing Connect are 24 units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $56,983 to $115,280.

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Olympia’s Façade Nears Completion at 30 Front Street in DUMBO, Brooklyn

8:00 am on July 1, 2022 By Michael Young

Façade work is wrapping up on Olympia, a 33-story residential tower at 30 Front Street in DUMBO, Brooklyn. Designed by Hill West Architects and developed by Fortis Property Group, the 401-foot-tall sail-shaped structure will yield 76 condominium units in one- to five-plus-bedroom layouts with interiors by Workstead. Sales and marketing are being led by Fredrik Eklund and John Gomes of the Eklund Gomes Team at Douglas Elliman and Karen Heyman at Sotheby’s, and Urban Atelier Group is the general contractor for the property, which is bound by Front Street to the north, Washington Street to the east, and York Street to the south.

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