Back in December, YIMBY reported that work had appeared to stall for The Perelman Performing Arts Center at the World Trade Center, in the Financial District. While things have appeared to remain in-stasis since then, news has now broken that Governor Cuomo has officially allowed construction of the new PAC. That means work should soon begin again on the site, and may partially explain the delays seen over the past few months.
Construction is wrapping up at the 63-story residential tower at 19 Dutch Street, formerly known as 118 Fulton Street, in the Financial District. The last time YIMBY covered the structure, it had just topped-out. Now, work is nearly complete, with the façade almost entirely installed. For now, the exterior hoist remains up, and installation of interiors is ongoing. Carmel Partners is responsible for the development.
Construction is moving along for the 22-story residential building at 511 East 86th Street, on the Upper East Side of Manhattan. The project is in Yorkville, and is just two avenues away from the brand new 86th Street Subway Station, serviced by the Q trains. Sky Management is responsible for the development.
Construction is nearly complete for the 62-story mixed-use tower named “ARO” at 242 West 53rd Street, in Midtown, Manhattan. A plethora of transit options are located near the site. The A, B, C, D, E, F, N, Q, R, W, and 1 trains can all be found within seven blocks distance. Algin Management is responsible for the development.
Demolition Permits have been filed for 517, 519, and 523 West 29 Street, in West Chelsea, Manhattan. The site is just blocks away from Hudson Yards. This comes over a year after reports broke that developer Six Sigma paid a pricey $800 per buildable foot for 4,900 square feet of air rights to add to the project. The $3.92 million purchase allows the developer to add another floor to the top of the structure, which can be expected to sell for quite a sum. Six Sigma purchased the actual property for $54.75 million.