Back in March of 2014, YIMBY first reported on new building applications for a site bound by Houston Street, Avenue C, and East 2nd Street, at 11 Avenue C. Now, we have the reveal for the project, which is being developed by BLDG.
Construction is now seven stories above street level on the 42-story, 429-unit mixed-use building under development at 212 East 44th Street (a.k.a. 222 East 44th Street), in Midtown East. The structure can be seen thanks to photos posted to the YIMBY Forums by Tectonic. The latest building permits indicate the project will measure 361,354 square feet and rise 556 feet above street level.
BLDG Management has acquired the three properties spanning 211-215 East 38th Street, in Midtown East, for $36.7 million, which reportedly completes a development assemblage that also includes the two buildings at 203-209 East 38th Street. The developer plans to demolish the entire assemblage to make way for a new residential tower with ground-floor retail space, according to The Real Deal. The site measures 17,944 square feet, which means it can accommodate up to 179,440 square feet of development potential. Other details, including the architect have not been disclosed. What must first be demolished is a two-story brick structure, three four- to five-story tenement buildings, and a five-story parking garage.
BLDG Management is marketing 701 West 181st Street in northern Washington Heights as a development site, according to DNAinfo. The building once housed Manhattan’s oldest operating movie theater, which shuttered in 2011, and has since been filled with small retail tenants. The property allows for a 70,000 square-foot commercial building. Zelnik & Company Real Estate is marketing the site.
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.