Construction Update


Construction Breaks Ground at 126 East 57th Street in Midtown East, Manhattan

Excavation has begun at 126 East 57th Street, site of a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development, the 346-foot-tall structure will yield 208,000 square feet with 147 condominium units spread across 170,000 square feet, as well as lower-level commercial space. WSP USA is the engineer, Urban Atelier Group is the construction manager, and Plaza Buildings is the general contractor of the property, which is located at the corner of East 57th Street and Lexington Avenue.

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Estela Continues Construction at 414 and 445 Gerard Avenue in Mott Haven, The Bronx

Façade work is progressing on Estela, a two-building residential complex at 414 and 445 Gerard Avenue in the South Bronx neighborhood of Mott Haven. Designed by S9 Architects and developed by The Domain Companies and The Vorea Group with financing from the Goldman Sachs Urban Investment Group, the $310 million project will yield 544 apartments, with 30 percent designated for affordable housing for households earning 80 to 130 percent of the area median income, as well as 10,000 square feet of retail space. Monadnock Construction is the general contractor for the property, which is bound by Exterior Street to the west, Walton Avenue to the east, East 146th Street to the north, East 144th Street to the south, and Gerard Avenue running north and south down the middle.

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Bronx Point’s First Phase Tops Out at 575 Exterior Street in The South Bronx

Construction has topped out on the first phase of Bronx Point, a 22-story mixed-use building at 575 Exterior Street in the South Bronx. Designed by S9 Architecture and developed by L+M Development Partners, Type A Projects, and BronxWorks, the structure will yield 542 permanently affordable housing units in studio to three-bedroom layouts, all reserved for households and individuals earning between 30 to 120 percent of area median income, as well as for the formerly homeless. The edifice will also feature 56,000 square feet of community facility space, 12,000 square feet of retail space, and serve as the home of the Universal Hip Hop Museum. The building is the first to debut in the $349 million, 530,000-square-foot mixed-use master plan, which will bring 1,045 apartments and a 2.8-acre public green space next to Mill Pond Park designed by Marvel Architects and Abel Bainnson Butz. The property is located on a plot bound by the 145th Street bridge to the south, Exterior Street and the elevated Major Deegan Expressway to the east, and the Harlem River to the west.

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East Midtown Greenway Progresses Along The Sutton Bay Waterfront In Midtown, Manhattan

Construction is ongoing on the first phase of the $100 million East Midtown Greenway, a three-segment reimagining of the East Midtown Waterfront esplanade in Sutton Place between East 38th to East 61st Streets. Photographs below focus on the northernmost part of the scheme, which will span between East 53rd and East 61st Streets in Midtown, Manhattan. This part will include a new park entrance at East 60th Street, a pedestrian bridge, and the revamping of Andrew Haswell Green Park and the Alice Aycock Pavilion. The overall master plan aims to create new green space for pedestrian and bicyclists and provide safer access to the eastern edge of the island, which had been largely impeded by the FDR Drive.

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