The New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, and The New York Public Library are working together to launch a new 100-percent affordable housing property in Inwood with a public library, a preschool, and a multitude of community facilities. Located at 4790 Broadway, the 14-story property will debut as The Eliza in honor of Eliza Hamilton, the wife of Alexander Hamilton.
Construction is getting closer to completion on Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the slender 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. The property is located along Madison Avenue between East 30th and 31st Streets.
Demolition is underway at 308 West 43rd Street, the site of a two-building residential project in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will rise directly to the north of Port Authority Bus Terminal and will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space.
New renderings have been released for Wildflower Studios, a full-scale film and production studio proposed in Astoria, Queens. The development is located at 35-15 19th Avenue and is one of Robert De Niro’s numerous ventures to construct Hollywood-grade production facilities in the outer boroughs.
Construction on the ground-up Margaritaville Resort New York at 560 Seventh Avenue wraps up work in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the topped out 32-story, 375-foot-tall tower looks like it will open in the coming months and yield 234 guest rooms with island-inspired interior designs. The Midtown, Manhattan project is located at the corner of Seventh Avenue and West 40th Street and is expected to cost around $300 million. The McBride Company is handling the interiors.