BLDG Management Company has landed a $254 million construction loan for their planned mixed-use project spanning 212-222 East 44th Street, in Midtown East, per Commercial Observer. YIMBY reported on the project’s design competition earlier in 2015, and a 42-story, 429-unit building is planned, with 87 apartments to be set aside as lottery-allocated housing. On the ground floor, 7,160 square feet of retail space is planned.
In northern Greenpoint, three mid-rise affordable residential buildings are going up, with 21 Commercial Street, a six-story, 93-unit residential building, the first to top out. In May, foundation work was underway at 33 Eagle Street, where a seven-story, 98-unit building is planned, and now construction is above street level, according to Brownstoner.
Last December, Thor Equities filed applications for a 71-story, nearly 353,600 square-foot mixed-use tower at 520 5th Avenue, in Midtown, and now Ceruzzi Properties has agreed to acquire the site for $325 million, according to Commercial Observer. The new owner plans to proceed with previous plans, which will feature three stories of retail, followed by 208 hotel rooms up to the 24th floor, and 145 residential units in the upper reaches of the tower.
The 26-story, 350-dorm-unit Passive House building in the works at Cornell Tech Campus, on Roosevelt Island below the 59th Street Bridge, is now under construction, according to The New York Times. The 270,000 square-foot building, designed by Handel Architects, would be the tallest Passive House building in the world upon completion in 2017. Hudson Companies, Cornell Tech and Related Companies are developing, and the entire $2 billion campus should be built out over the next two decades.
Last week, YIMBY revealed the exteriors for 1 Park Lane, which has an actual address of 36 Central Park South, the site of the current Helmsley Park Lane. While we speculated that Vinoly designed the building, we learned that Handel Architects was in fact behind the renderings; we have also obtained a new set of images which include that version of the project’s interiors and views, which will be very impressive.