Back in June, YIMBY reported on the Lightstone Group’s acquisition of the six-story building at 40 East End Avenue, at East 81st Street in Yorkville. Permits were filed at the end of October with a support of excavation filing on Friday, and now new details can be reported. The plan is still demolition of the existing building in favor of an 18-story building, rising to 210 feet. The plan reported in June called for 30 condominium units, but the filing shows 29 units.
Gerner Kronick + Valcarcel
When Ben Shaoul’s Magnum Real Estate Group shelled out $270 million for two luxury rental buildings in the Upper East Side and Gramercy last year, it was only a matter of time until they became condos. Now construction is moving along at 385 First Avenue in Gramercy, and the property has a teaser site and a new name: Luminaire.
Back in June, YIMBY last brought you a construction update on the 51-story, 68-unit residential tower at 5 Beekman Street/115 Nassau Street, in the Financial District. In the summer, the building was a few floors from topping out, and now, per Curbed, the building has topped out with exception of the metal ornamental turrets. The Gerner Kronick + Valcarcel-designed tower rises from the 10-story Temple Court building, which is also being converted into a 287-key hotel. GFI Capital and GB Lodging are developing, and completion is expected next year on both components of the project.
Late last year, YIMBY posted a video featuring renderings of plans for a new 63-story residential tower at 118 Fulton Street. The design featured in the film was originally created for the Lightstone Group, which sold off 112-118 Fulton Street to Carmel Partners last September for $171 million. But while the site’s developer has changed, its appearance has seemingly stayed the same, and a new on-site rendering confirms that a design similar to the one previously posted will be built.
The 51-story tower rising at 5 Beekman Street, next to the landmarked, 19th century office building known as Temple Court, is close to topping out. A reader sent along these construction shots and told YIMBY that workers are constructing the top four floors of mechanicals for the 700-foot-tall structure.