Manhattan

Exterior Construction Wraps Up on 20-Story, 82-Unit Rental Building At 501 East 74th Street, Upper East Side

10:00 am on August 21, 2015 By Reid Wilson

Last summer, YIMBY revealed renderings for Benjamin Ohebshalom’s planned 20-story, 82-unit rental building at 501 East 74th Street, on the Upper East Side, and then YIMBY reported the structure’s topping out last February. Now, per DNAinfo, the façade is being installed, and move-ins are expected this November. The building is being dubbed The Rose Modern, and leasing is expected to kick off next month. The Stephen B. Jacobs Group is the project’s architect.

Developer Acquires Vacant Property At 34 East 62nd Street, Upper East Side

4:00 pm on August 20, 2015 By Reid Wilson

Rye, NY-based Woodbine Company has purchased the development site at 34 East 62nd Street, on the Upper East Side, for $11.9 million from Russian developer Janna Bullock. Back in 2007, she filed permits for a five-story townhouse, but plans stalled out. The vacant property has 8,000 square feet of development rights, but can be expanded by 6,000 square feet with the purchase of additional air rights. No new building applications have been filed.

Developers Close On 520 Fifth Avenue, Plan 71-Story Mixed-Use Tower, Midtown

6:30 am on August 20, 2015 By Reid Wilson

In June, Ceruzzi Properties was reportedly in contract to purchase 520 Fifth Avenue, on East 43rd Street, and now the developer has closed on the $325 million site, according to Commercial Observer. Shanghai Municipal Investment’s U.S. arm is partnering with Ceruzzi, and the team is planning to follow through with applications filed back in 2014, which call for a 71-story mixed-use tower.

Extell To Expand Assemblage With 350 East 86th Street Purchase, Upper East Side

10:00 am on August 19, 2015 By Reid Wilson

Extell Development is in contract to purchase the single-story grocery store at 350 East 86th Street, on the Upper East Side, for $100 million, Crain’s reports. The developer also owns neighboring sites, and can build a 20-story, 230,000 square-foot condominium building, with 200 units and retail space. The acquisition is expected to close next year, also when Gristedes’ lease expires. Extell’s plans have yet to be disclosed, and assemblage could be expanded with further acquisitions.

Demolition Underway At 143 Fulton Street, Site Of 26-Story, 288-Key Hotel, Financial District

6:00 am on August 19, 2015 By Reid Wilson

Last month, YIMBY brought you news of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street/26 Ann Street, in the Financial District, and now crews are prepping the existing three-story building for demolition, courtesy of a YIMBY reader. Retail space will be located on the first three floors in the 88,447 square-foot building, and SLCE Architects is the architect of record. The new building’s design has not yet been revealed.

Eight-Story, 10-Unit Mixed-Use Building Filed At 150 East 108th Street, East Harlem

2:00 pm on August 18, 2015 By Reid Wilson

Prime Rok Real Estate has filed applications for an eight-story, 10-unit mixed-use building at 150 East 108th Street, in East Harlem, two blocks from the 6 train’s stop at 110th Street. The 13,187 square-foot building will feature 2,209 square feet of retail space on the ground floor, followed by the same square footage in health care facility on the second floor. Apartments will occupy the third through eighth floors, averaging 877 square feet apiece. Bushwick-based Hany Rizkalla is the architect of record.

29-Story, 249-Key Hotel Finally Rising At 6 Water Street, Financial District

6:00 am on August 18, 2015 By Reid Wilson

In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.

Six-Story, Six-Unit Residential Building Filed At 316 East 81st Street, Upper East Side

6:30 am on August 17, 2015 By Reid Wilson

The head of the Midtown-based law firm King & Spalding has filed applications for a six-story, six-unit residential building at 316 East 81st Street, on the Upper East Side, in Yorkville. The building will measure 11,660 square feet in total, and units will likely be condominiums, averaging 1,943 square feet apiece. Issac & Stern is designing, and an old three-story townhouse must first be demolished; the building was purchased in 2012 for $3.2 million.

Air Rights Assembled For 24-Story, 246-Key Hotel At 250 West 49th Street, Midtown

2:00 pm on August 13, 2015 By Reid Wilson

The Hakimian Organization, partnered with Gorjian Properties, is acquiring 16,000 square feet of air rights for their planned 24-story, 246-key hotel building at 250 West 49th Street, in Midtown’s Theater District. The existing eight-story building is to be converted into the hotel’s lower portion, while a 16-story expansion will be placed on top, topping out at 279 feet in height. The 94,850 square-foot structure will also feature retail on the ground floor. Gillman Consulting Inc. is the applicant of record.

Excavation Work Imminent At 80 Essex Street, Site of 24-Story, 195-Unit Mixed-Use Building On LES

6:30 am on August 13, 2015 By Reid Wilson

At the beginning of the year, YIMBY revealed the first few buildings in the Essex Crossing development on the Lower East Side, including the 24-story, 195-unit mixed-use building planned at 115 Delancey Street/80 Essex Street. In the spring, demolition was underway to remove the old Essex Street Market building, and now excavation appears imminent, per Bowery Boogie. Handel Architects is designing, and a Regal movie theater, the Essex Street Market, and an urban farm will occupy the building’s base. Completion is expected in 2018.

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