Two buildings, one destination. That’s what’s going on at 88 & 90 Lexington Avenue, between East 27th and 26th streets in Manhattan’s Gramercy area. Two buildings – 88 Lexington Avenue, built in 1927, and 90 Lexington Avenue, built in 1958 – are being converted into luxury condominiums by HFZ Capital Group, with workshop/apd as designer. We stepped inside last week to see how the conversion is going.
Back in November, YIMBY posted the first renderings for 76 Eleventh Avenue, which is being developed by HFZ Capital. Now, we have a new set of images for the project, which is being designed by Bjarke Ingels Group. They show major tweaks to the formerly jigsaw-like design, and accompanied EB-5 materials for the project sent to YIMBY.
While the length of the High Line has seen a surge of construction since the elevated park initially opened, there are still a few major sites left that remain ripe for new development. Perhaps the largest such parcel is at 76 11th Avenue, between 17th and 18th Streets, which was acquired by HFZ Capital for $870 million back in April. Now, YIMBY can reveal the site’s preliminary plans, created by Bjarke Ingels Group.
There is a plan in the works that would drastically change West 29th Street between Broadway and Fifth Avenue. It involves six buildings in total, including two individual landmarks, and includes one 64-story mixed-use tower. The plan, being developed by HFZ Capital and the Collegiate Churches of New York, was presented to the Landmarks Preservation Commission on Tuesday. Members of the public testified, but by the time that happened, it was about 6 p.m. and, not having a quorum, no action was taken and the matter was tabled.
Since New York’s earliest days, church organizations have held a considerable amount of the city’s real estate, which they use not only for direct religious services, but also as a means of generating income. Over the past year, we witnessed the destruction of one of the oldest properties of the kind, as the 119 year old Bancroft Building has been reduced to a pile of red brick rubble.