Extell Development

247 Cherry Street and 252 South Street, image from JDS

De Blasio’s Housing Policy Unravels as NIMBYs Attack Partially Affordable Developments on the Lower East Side

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.

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551 Tenth Avenue

Construction Wraps On 53-Story, 600-Unit Mixed-Use Building At 551 Tenth Avenue, Midtown West

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.




500 East 14th Street

Seven-Story, 160-Unit Mixed-Use Project Rises to Second Floor at 500 East 14th Street, East Village

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.


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