Construction Update

150 Rivington Street rooftop, design by GLUCK+

Construction Update, New Renderings for 150 Rivington Street, Lower East Side, Manhattan

7:30 am on January 8, 2018 By Andrew Nelson

A new seven-story residential building is starting to rise above its townhouse neighbors on the Lower East Side of Manhattan. 150 Rivington Street is located in a quiet spot of the bustling neighborhood, three blocks away from the Delancey-Essex Street Subway Station, serviced by the F, J, M, and Z trains. Cogswell Lee Development will be responsible for the development, which replaces the old Streitz Matzo Factory.

140 West 28th Street, rendering by Gene Kaufman

Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea

8:00 am on January 5, 2018 By Andrew Nelson

Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28^th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.

885 Grand Street, design by Oaklander, Coogan & Vitto Architects

Loan Acquired, Rendering Revealed for 885 Grand Street, East Williamsburg, Brooklyn

7:00 am on January 5, 2018 By Andrew Nelson

Plans for a new eight-story apartment building at 885 Grand Street in East Williamsburg are moving ahead after the joint venture of Lemle & Wolff Development Co. and Alphonso Milo secured a $12.85 million construction loan from Sterling National Bank. Today, YIMBY also has the first rendering for the project.

24 Second Avenue, image by Andrew Campbell Nelson

24 2nd Avenue Nears Completion in the East Village, Manhattan

6:30 am on January 5, 2018 By Andrew Nelson

A new mixed-use condominium building is racing toward completion in the East Village of Manhattan. 24 2^nd Avenue has topped out at the 10^th story, with nearly all window installation now complete. Permits were filed for the structure in mid-2015, replacing East Village’s last gas station. AORE Capital is responsible for the development.

Site 4 North of Essex Crossing, 180 Broome Street, rendering by Handel Architects

$200 Million Construction Loan Secured for 180 Broome Street, Essex Crossing, Lower East Side

7:30 am on January 4, 2018 By Andrew Nelson

Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.

54-Story Tower at 23 Park Row Begins to Rise Above Street Level, Financial District

8:00 am on December 27, 2017 By Nikolai Fedak

The last time YIMBY reported on progress at 23 Park Row, on the northern edge of the Financial District directly across from City Hall Park, excavation work had mostly wrapped, and foundation pouring had just begun. Four months later, concrete for the base of the soon-to-be 54-story tower has mostly wrapped, and formwork has breached street level, signaling the skyscraper’s rise is about to begin in earnest.

View of Downtown at 277 5th Avenue, image by Andrew Campbell Nelson

Exclusive First Look Inside Viñoly-Designed 277 Fifth Avenue, NoMad

8:00 am on December 26, 2017 By Andrew Nelson

Last week, YIMBY was the first media outlet to be given a tour of the sales gallery and construction site of the 55-story skyscraper at 277 Fifth Avenue, in Nomad, Manhattan, a project which we have reported on extensively over the past several years. Designed by Rafael Viñoly, the high-rise is currently on its 46^th floor, with only nine to go before topping-out occurs. After a nerve-racking elevator ride outside of the building, we stepped out to what is currently its highest floor, which already offers expansive views of the New York City skyline.

World Trade Center Performing Arts Center, image by REX

Work Appears To Stall for World Trade Center’s Ronald O. Perelman Performing Arts Center

8:00 am on December 22, 2017 By Nikolai Fedak

Back in August, YIMBY reported on apparent progress on the site of the Vehicle Security Center and future Ronald O. Perelman Performing Arts Center, on the site of the old temporary PATH Station. Unfortunately, while steel began to rise as summer turned to fall and reached street-level by November, December has seemingly brought a freeze to the pace of progress.

The Dime, rendering courtesy Fogarty Finger Architecture and Interiors

Foundation Work Begins for The Dime’s Residential Tower, Williamsburg, Brooklyn

7:30 am on December 22, 2017 By Andrew Nelson

Today, YIMBY has a photo update on the site of the Dime Savings Bank of Williamsburgh. Foundation work is moving along for the soon-to-be 22-story residential building that will rise adjacent to the historic structure, in Williamsburg, Brooklyn.

Norman Foster-Designed 425 Park Avenue Begins to Rise, Midtown East

8:00 am on December 21, 2017 By Nikolai Fedak

The blocks of Hudson Yards are the current hotspot for office construction in New York City, with supertall after supertall rising from nothing. But Midtown East might be the only location in Manhattan where major office projects are rising alongside existing fabric. While One Vanderbilt is only beginning to rise above 42nd Street, work is substantially further along at 425 Park Avenue, where Norman Foster’s vision is now climbing past the stump remaining from the site’s former occupant.

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