Construction has topped out on the ten-story addition atop 685 Fifth Avenue, a 100,000-square-foot office-to-condominium conversion in Midtown, Manhattan. Designed by Marin Architects and developed SHVO in partnership with Deutsche Finance, the $135 million project will yield 69 condominium units designed by March and White Design and managed by Mandarin Oriental Hotel Group, as well as retail space with Fifth Avenue frontage marketed by Brookfield Properties. Coach, Stuart Weitzman, and TAG Heuer currently operate their stores on the lower floors of the edifice while work progresses above.
Construction is complete on 260 Bowery, an eight-story residential building in Nolita, Manhattan. Designed by Morris Adjmi Architects and developed by Nexus Building Development, Inc., the 85-foot-tall structure yields a collection of three- to four-bedroom full-floor residences with a duplex penthouse on the top levels with sales and marketing led by BLU Marketing and branding by Flying Machine. The property is located between Houston and Stanton Streets, directly across from the New Museum.
The affordable housing lottery has launched for 1068 Fulton Street, an eight-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by ND Architecture, the structure yields 33,474 square feet and 41 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $60,720 to $167,570.
Construction has topped out on 410 West 126th Street, a 20-story mixed-use building in Harlem, Manhattan. Designed by Peter Poon Architects and developed by Columbia International, the 169-foot-tall structure will yield 128,542 square feet with 92 apartments spread across 68,496 square feet, as well as 59,460 square feet of commercial space and 586 square feet for a community facility. The property will also include 47 enclosed parking spaces. The project site is located along West 126th Street between Amsterdam Avenue to the west and Morningside Avenue to the east.
Leasing at The Beach in Jersey City recently surpassed 75 percent just ten weeks after launching this summer. Those stats make the waterfront property LeFrak Organization’s fastest lease-up development to date and reflect a resilient demand for residential properties in the city’s Gold Coast area.