Panepinto Properties has closed on a $193 million construction loan to complete Pathside, a 605-unit rental tower in Jersey City. Located at 499 Summit Avenue in the city’s Journal Square neighborhood, the building is designed by HLW International and will top out at 53 stories or about 566 feet.
Permits have been filed for a seven-story mixed-use building at 140 Lexington Avenue in Kips Bay, Manhattan. Located on the northwest corner of Lexington Avenue and East 29th Street, the lot is near the 28th Street subway station, serviced by the 6 train. Idan Magen is listed as the owner behind the applications.
Façade installation has begun on 520 Fifth Avenue, a rising 76-story residential supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,000-foot-tall skyscraper will yield 415,000 square feet with 98 condominium units, as well as commercial space on the lower floors and four cellar levels. Charles & Co. is going to be the interior designer, WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.
The Landmarks Preservation Commission (LPC) has approved a major renovation project at the historic Martinique New York Hotel at 1260 Broadway in the Koreatown section of Midtown, Manhattan. Led by Building Studio Architects and Burnett Equities, current owner of the hotel, the scope of work includes the installation of marquee signage, modern light fixtures, restoration of the building’s existing windows to historic conditions, and new entryways for retail tenants.
Construction is complete on Zero Irving, a 21-story mixed-use building at 124 East 14th Street in Union Square, Manhattan. Designed by Davis Brody Bond and developed in partnership by RAL Development Services and Junius Real Estate Partners, the 176,000-square-foot structure contains affordable and market-rate office space for technology firms as well as a three-floor education and training center, a tech incubator, coworking spaces, and a 10,000-square-foot ground-floor food hall managed by Urbanspace. JLL has served is the leasing and marketing agent for the office space and Suffolk Construction was the general contractor for the project, which is located along East 14th Street between Third Avenue to the east and Broadway to the west.