Permits have been filed for a six-story mixed-use building at 1763 West Farms Road in Crotona Park East, The Bronx. Located between East 174th Street and Cross Bronx Expressway Service Road, the lot is six blocks east of the 174th Street subway station, serviced by the 2 and 5 trains. Manny Felberbaum under the 1759-63 West Farms Road LLC is listed as the owner behind the applications.
Construction is set to resume on The XI, with a revised completion date of “Winter 2024” posted for the stalled two-tower mixed-use project at 76 Eleventh Avenue in Chelsea. Designed by Bjarke Ingels Group and developed by 76 Eleventh Avenue Property Owner LLC, the twisting 26- and 36-story structures have stood topped out and unfinished since late 2019, when reports of trouble began to surface about the former developer, HFZ Capital Group. In late 2021, Steve Witkoff purchased the property in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital, and it now appears that the project is back on track, with an updated board at the property listing Suffolk Construction Corporation as the new general contractor, replacing Omnibuild. The full-block site is located adjacent to the High Line and is bound by Tenth Avenue to the east, West Street to the west, West 17th Street to the south, and West 18th Street to the north.
Lam Group and Exact Capital Group have closed on a $167.5 million construction loan to refinance Victoria Tower Residences, a 26-story mixed-use rental property in Central Harlem. The building is located at 233 West 125th Street, a site formerly occupied by the historic Victoria Theatre.
Permits have been filed for a seven-story mixed-use building at 126 Hester Street in Chinatown, Manhattan. Located between Chrystie Street and Bowery, the lot is one block south of the Grand Street subway station, serviced by the B and D trains. Ruoxu You under the Fortune Assets LLC is listed as the owner behind the applications.
Sigma Computing has committed to leasing space at Zero Irving, a 21-story technology hub under construction at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development and Junius Real Estate Partners, the building will offer a mix of space for affordable and market-rate offices, tech incubators, co-working suites, and training centers.