Permits have been filed for 495 Eleventh Avenue, a pair of mixed-use residential skyscrapers atop of a five-story podium in Midtown West, Manhattan. Located between West 39th and 40th Streets, the two towers will stand 680 feet tall and 57 stories, and 653 feet tall and 56 stories. NYC Economic Development Corporation is listed as the owner behind the applications.
Economic Development Corporation
Work is progressing at 215 West 42nd Street, where the historic Times Square Theater is in the process of a retail conversion and expansion. Designed by Beyer Blinder Belle and developed by NYC Economic Development Corporation and Stillman Development International, the $100 million project calls for extensive interior renovations and a vertical extension that will double the structure’s height, bringing it to 138 feet tall and six stories above ground, as well as the addition of a cellar level. The property is located in the heart of Times Square between Seventh and Eighth Avenues, and will yield 52,521 square feet with 34,313 square feet designated for commercial space.
Steiner Studios has partnered with Dattner Architects to complete a 500,000-square-foot productions studio at Bush Terminal in Sunset Park, Brooklyn. The new facility will arrive as Steiner Studios’ second New York City outpost and its first in the “Made in New York Campus,” which is expected to open in 2021.
A 1,045-unit housing complex known as Bronx Point is now recognized as the first and only affordable housing project to achieve WEDG certification. The rating system was founded by the Waterfront Alliance, an independent offshoot of The Municipal Art Society of New York, that establishes guidelines for ecologically friendly waterfront design and construction.
In a master plan created in part by the city’s Economic Development Corporation (EDC), 12,000 affordable apartments could be built over Sunnyside Yard in Queens. If it comes to fruitrition, it would be the largest recent development of affordable housing, to the tune of an estimated $14.4 billion. The hefty price includes the deck over the rail yard on which the residential buildings will sit, as well as the streetscape and infrastructure for utilities, a new rail station for commuter trains, multiple schools and libraries, commercial space for offices, manufacturing, and retail, and 60 acres of open space and public parks.