JDS Development Group and Largo Investments picked up a Williamsburg warehouse at 71 North 7th Street for $10,500,000 in March. Yesterday, plans were filed to expand the single-story building to three stories and convert it to condos.
JDS Development’s 41- and 48-story residential towers planned at 626 First Avenue, on the East River in Murray Hill, are now rising quickly, per Curbed. Construction began nearly a year ago, and completion of the 800-rental-unit development is expected in 2017. SHoP Architects is designing, and façade installation has also begun closer to street level. A 38,000 square-foot park is planned to surround the base of the project.
The past few months have seen construction kick into high gear at several sites along and adjacent to the 57th Street corridor, and now 111 West 57th Street will join the pack. Interior demolition and excavation began last year, and now the tower’s crane has arrived on-site, signaling its impending verticality.
Earlier this year, YIMBY posted drawings and floorplans that offered an idea of what 514 West 24th Street will look like. The site will soon give rise to a 10-story condominium building designed by Roman & Williams, and we can now reveal the first rendering of the project, dubbed The Fitzroy, which also now has its teaser website.
JDS and PMG’s 82-story, 60-unit condominium tower at 111 West 57th Street, in Midtown, has received a $725 million construction loan, thanks to AIG and Apollo Global Management. SHoP Architects is designing, and the supertall is now expected to stand 1,438 feet to its pinnacle. The existing Steinway building is being partially demolished, and foundation work is currently underway, with completion slated for 2018, according to Crain’s Business. In April, YIMBY brought you new renderings of the project.
