As Mayor de Blasio’s initiatives to create affordable housing continue to fail, bright spots for advocates of a better and more inclusive New York City are few and far between. In the Two Bridges area of the Lower East Side, JDS, Extell, CIM, L+M, and the Starrett Group are planning five new towers with 700 affordable units. NIMBYs don’t care. Despite all that affordable housing, red herrings went flying at a community meeting last night, and the echo chamber of outrage reverberated all the way onto the internet.
Construction appears to be nearly complete now that façade installation has finished on the 53-story, 600-unit mixed-use building under development at 551 Tenth Avenue, located between West 40th and 41st streets in Midtown West. The latest photo was taken by NY Constuction Photography. The most recent building permits have the tower, dubbed 555TEN, measuring 712,416 square feet and standing 610 feet in height.
Extell is wrapping up work on its part affordable housing, part-luxe condo project at 70 Charlton Street, in the area west of Soho called Hudson Square. Tectonic recently swung by the site between Varick and Hudson Streets and captured the latest progress.
Last week, YIMBY brought you a construction update on developer Extell’s new Upper East Side condominium project, The Kent. Today, we have a look inside the building, which is still more than a year away from completion.
Construction is now two stories above street level on the seven-story, 106-unit mixed-use building under development at 500 East 14th Street, on the corner of Avenue A in the East Village. The progress can be seen in a Curbed NY report. The entire project, which will include another seven-story, 54-unit component at 524 East 14th Street, will encompass 253,432 square feet, per the latest building permits. There will be 56,610 square feet of retail space on the ground and cellar levels between the two buildings. Over the summer, Target leased 42,367 square feet of space in the larger one. The residential units will be condominiums and should average 1,215 square feet apiece. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. Completion is expected in 2017.