685 Fifth Avenue. Rendering via Marin Architects

Mandarin Oriental Residences Fifth Avenue Progresses at 685 Fifth Avenue in Midtown, Manhattan

Construction is continuing on the Mandarin Oriental Residences Fifth Avenue, a 29-story residential conversion at 685 Fifth Avenue in Midtown, Manhattan. Designed by Marin Architects and developed by SHVO in partnership with Deutsche Finance, the $135 million project will convert 100,000 square feet of former office space into a condominium property managed by Mandarin Oriental Hotel Group, above Fifth Avenue retail frontage marketed by Brookfield Properties. The Rinaldi Group of New York, LLC is the general contractor of the project, which is located between East 53rd and East 54th Streets.

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Housing Lottery Launches for 288 Units at Sven in Long Island City, Queens

The affordable housing lottery has launched for Sven, a 67-story mixed-use residential building at 2959 Northern Boulevard in Handel Architects and developed by The Durst Organization, the structure yields 958 residences. Available on NYC Housing Connect are 288 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,229 to $192,400.

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