Excavation work has begun at 625 Fulton Street, site of a proposed 941-foot tall, 79-story mixed-use skyscraper in Downtown Brooklyn. Designed by Skidmore Owings & Merrill and developed by Rabsky Group, which purchased the site for $158 million, the 1.8-million-square-foot project is planned to yield a mix of offices, residential units, retail space, an elementary school, and a public plaza. The property is located between Fulton Street to the south, Hudson Avenue to the west, DeKalb Avenue to the north, and Rockwell Place to the east.
Construction is nearing completion on RIVET 26, a new rental building at 26 University Place in Jersey City. Designed by Netta Architects, the property offers 199 residences and is the latest component of the University Place masterplan community near the western edge of the city.
Construction has passed the halfway mark on Olympia, a 26-story mixed-use residential building at 30 Front Street in DUMBO, Brooklyn. Developed by Fortis Property Group and designed by Hill West Architects with Workstead handling interiors, the 270-foot-tall structure will yield 76 condominium units. A new teaser site has also been revealed for the property, which is bound by Front Street to the north, Washington Street to the east, and York Street to the south.
Construction has broken ground on phase one of Bronx Point, a mixed-use development in the South Bronx. In addition to 542 affordable housing units, phase one includes construction of the Universal Hip Hop Museum, 2.8 acres of public open space, and a robust mix of community facilities.
Sales are now underway at FÖRENA, a 12-story residential building at 540 Sixth Avenue in Chelsea. Designed by Morris Adjmi Architects and developed by Landsea Homes and DNA Development, the structure will yield 50 units spread across 80,000 square feet of residential space. Fredrik Eklund and John Gomes of The Eklund Gomes Team at Douglas Elliman are handling marketing and sales of the one- to three-bedroom units. Prices begin at $1.3 million for homes at the property, located at the corner of West 14th Street and Sixth Avenue.