Construction Update

625 Fulton Street’s Foundations Reach Street Level in Downtown Brooklyn

Construction is set to go vertical on 625 Fulton Street, a 35-story mixed-use tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group with $450 million in construction financing from Madison Realty Capital, the structure will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. Galaxy Developers is the general contractor for the property, which is bound by the 34-story 80 DeKalb Avenue to the north, Fulton Street to the south, Rockwell Place to the east, and Hudson Avenue to the west.

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3401 Third Avenue - Alexander Gorlin Architects

Affordable Housing Development ‘El Borinquen Residences’ Now Complete at 3401 Third Avenue in The Bronx

Developers and city agencies recently celebrated the completed of El Borinquen Residences, a new, deeply affordable property in The Bronx. Located at 3401 Third Avenue in the Morrisania neighborhood, the ten-story building houses 148 affordable apartments, including 29 homes for seniors at or below 30 percent Area Median Income (AMI), and 90 units designated for the formerly homeless and youths aging out of foster care. The latter includes access to on-site supportive services.

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425 Park Avenue. Rendering by Dbox, courtesy of Foster + Partners

425 Park Avenue Celebrates Grand Opening in Midtown East, Manhattan

YIMBY attended the official opening ceremony of 425 Park Avenue, a 47-story commercial skyscraper in Midtown East and the first new full-block building to be built along Park Avenue’s Plaza District in nearly half a century. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall structure yields 667,000 square feet of column-free Class A office space with design flexibility and panoramic views up and down Park Avenue. Adamson Associates Architects was the architect of record, WSP was the structural and MEP engineer, R&R Scaffolding provided the BMU, and Tishman Construction was the construction manager for the project, which is located between East 55th and East 56th Streets.

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540 Fulton Street, designed by Marvel Architects

The Paxton’s Façade Nears Completion at 540 Fulton Street in Downtown Brooklyn

Exterior work is nearing completion on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall tower will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, 137,075 square feet of commercial space, and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.

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50 Hudson Yards Celebrates Grand Opening in Hudson Yards, Manhattan

Last Wednesday, developers Related Companies, Mitsui Fudosan America, and Oxford Properties celebrated the grand opening of 50 Hudson Yards, a 78-story supertall commercial skyscraper in Hudson Yards. Designed by Foster + Partners, the 1,011-foot-tall structure is the largest building by volume in the first phase of the Hudson Yards complex and the fourth-largest in the city overall, yielding 2.9 million feet of office space. ArcelorMittal provided the steel components, R&R Scaffolding provided the BMU equipment, Langan Engineering is the civil and environmental engineer, and WSP is the structural and MEP engineer for the $3.8 billion project, which occupies a full block bound by West 34th Street to the north, West 33rd Street to the south, Tenth Avenue to the east, and Hudson Boulevard to the west.

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