Manhattan’s East Harlem neighborhood is the latest recipient of a $10 million Downtown Revitalization Investment (DRI) grant. Backed by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA, the award is part of a statewide initiative to support community enhancement projects that improve walkability, create new public outdoor spaces, enhance existing parks, and create new opportunities for local artists and small businesses.
A joint venture led by Claremont Development, Stanbery Development Group, and PCCP has closed on a $146.6 million loan to redevelop a vacant commercial campus into a vibrant mixed-use community in Parsippany, New Jersey. The property is located near the Route 10-Dryden Way exit and will debut as The District at 15fifteen.
An updated rendering has been released for Project Commodore, an approved 85-story supertall skyscraper at 175 Park Avenue in Midtown East. Designed by Skidmore Owings & Merrill and developed by RXR Realty and TF Cornerstone, the 1,575-foot-tall mixed-use tower will replace the Hyatt Grand Central New York hotel and yield 2.1 million square feet of Class A office space, 500 Hyatt hotel rooms spread across 453,000 square feet on the upper floors, and 10,000 square feet of retail space on the ground, cellar, and second levels. The development will also include a 25,000-square-foot elevated public plaza surrounding the tower and abutting the adjacent Grand Central Terminal. If built to its current scope, Project Commodore will also wrest the title of tallest building in the western hemisphere by roof height from Central Park Tower. AECOM Tishman is going to be the general contractor and RWDI Inc. is the structural engineer.
Las Vegas Sands has revealed proposals to redevelop roughly 80 acres of vacant land surrounding the Nassau Veterans Memorial Coliseum into a new casino and entertainment complex in Uniondale, Long Island. The campus would also have a hotel, outdoor spaces for private events and community gatherings, celebrity chef restaurants, flexible meeting and convention space, a day spa, and a live performance venue that the developer said will honor the long legacy of live music at Nassau Coliseum.
Foundation work is nearing completion at 200 East 20th Street, the site of a 19-story residential building in Gramercy Park, Manhattan. Designed by CetraRuddy and developed by Glacier Global Partners, the 210-foot-tall structure will yield 82,800 square feet with 52 condominium units spread across 65,500 square feet and 2,730 square feet of retail space. CM & Associates Construction Management is the general contractor for the property, which is located at the corner of East 20th Street and Third Avenue.