Douglas Elliman

Mandarin Oriental Residences Fifth Avenue Nears Completion at 685 Fifth Avenue, in Midtown, Manhattan 

Exterior work is nearing completion on the Mandarin Oriental Residences Fifth Avenue, a 29-story residential tower at 685 Fifth Avenue in Midtown. Designed by Marin Architects and developed by SHVO in partnership with Deutsche Finance, the more than $300 million project involves the construction of a ten-floor addition above a former commercial building and the residential conversion of 100,000 square feet of its office space, and will yield 69 fully furnished condominium units managed by Mandarin Oriental Hotel Group and marketed by Douglas Elliman Development Marketing. The Rinaldi Group of New York is the general contractor for the property, which is located between East 53rd and 54th Streets.

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Final Exterior Work Underway on FÖRENA at 540 Sixth Avenue in Chelsea, Manhattan

Construction is nearing completion on FÖRENA, a 12-story residential building at 540 Sixth Avenue in Chelsea. Designed by Morris Adjmi Architects and developed by Landsea Homes and DNA Development, the 80,000-square-foot structure will yield 50 condominium units in one- to three-bedroom layouts with pricing starting at $1.575 million. Fredrik Eklund and John Gomes of The Eklund Gomes Team and The Tuinstra-Davis Team at Douglas Elliman are leading sales and marketing for the property, which was built by Ryder Construction at the corner of West 14th Street and Sixth Avenue, on the border with Greenwich Village.

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128 East 28th Street Stands Complete in NoMad, Manhattan

Construction has wrapped up on 128 East 28th Street, an eight-story residential building in NoMad, Manhattan. Designed by TRA Studio for Sinha Development, the 80-foot-tall structure spans 28,000 square feet and yields ten condominium units in two-bedroom to three-bedroom penthouse layouts, as well as ground-floor retail space marketed by Newmark. ES Builders Group was the general contractor for the project, which is located between Lexington Avenue and Park Avenue South. Douglas Elliman Development Marketing Group is handling sales and marketing for the residential component.

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125 Greenwich Street Lands $313 Million to Finish Construction in Manhattan’s Financial District

Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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The Brooklyn Tower’s Podium Continues to Take Shape in Downtown Brooklyn

Work is continuing on the multi-story podium of The Brooklyn Tower, a 1,066-foot residential supertall at 9 DeKalb Avenue in Downtown Brooklyn. Designed by SHoP Architects and developed and built by JDS Development, the 93-story skyscraper stands as the tallest structure in the outer boroughs that will yield 550 units composed of 150 condominiums, 120 affordable rentals, and 280 market-rate rentals, as well as a 100,000-square-foot retail podium incorporated into the landmarked Dime Savings Bank of Brooklyn. Douglas Elliman Development Marketing Group is the marketing, sales, and leasing agent for the residential component, Gachot Studios is the interior designer, Krista Ninivaggi of Woods Bagot is the amenity designer, and HMWhite is the landscape designer for the property, which is bound by Flatbush Avenue Extension to the northeast, Fleet Street to the northwest, DeKalb Avenue to the south, and the adjoining Dime Savings Bank to the west.

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