Workers are forming the reinforced concrete columns and floor slabs for 249 East 50th Street as construction has risen above street level in Midtown East. The 15-story, 151-foot-tall residential project is designed by Isaac Stern and is being developed by Tun Kyaw, who purchased the land for $17 million.
Excavation work is beginning at 249 East 50th Street in Midtown East for a ground-up, 151-foot-tall residential project standing 15 stories high. The site is located between Second Avenue and Third Avenue, and was once home to three townhouses and a ground-floor French restaurant called Lutèce. In 2016 YIMBY last reported that China-based developer Tun Kyaw is behind the property and previously purchased the land for $17 million. Isaac Stern will be the designer of the new structure.
Nortco Development has revealed a pair of new renderings for Eleven Hancock Place, an expansive condominium development in Harlem for which sales are scheduled to launch next month. Located between Morningside Avenue and 124th Street, the residential building will top out at 12 stories and comprise approximately 130,000 square feet.
Permits have been filed for a four-story residential building at 1249 43rd Street, in Borough Park, Brooklyn, right by the Greenwood cemetery. The site is four blocks from the Fort Hamilton Subway station, serviced by the D train. The Church Avenue subway station is ten blocks away, serviced by the F and G trains. Isaac Stern of Gemstar Contracting is listed as responsible for the development.
Filings for new buildings in Flatbush seem to have slowed down over the last few months, probably thanks to confusion about the defunct-but-possibly-not 421-a tax abatement. The tax break propped up market-rate development throughout the central Brooklyn neighborhood, and without it, many builders seem to be delaying construction.