Phipps Houses has successfully closed on a $188 million financial package to complete the second phase of renovations at Lambert Houses. Located in the West Farms section of The Bronx, the affordable housing complex spans 12 acres of land near the Bronx Zoo.
Excavation is progressing at 308 West 43rd Street, the site of a two-building residential development 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 yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.
Work is continuing to take shape on the expansion of the Tiffany & Co. flagship store at 727 Fifth Avenue in Midtown, Manhattan. Designed by OMA partners Shohei Shigematsu and Jake Forster, the scope involves a three-story steel-framed structural addition that rises above the original flat roof line of the world famous jewelry brand’s 72-year-old Art Moderne building. CallisonRTKL is the architect of record, Peter Marino Architects is handling the interior renovations, Mace is the owners rep, and Structure Tone is the general contractor for the project, which now stands 11 stories tall at the corner of Fifth Avenue and 57th Street.
Phipps Houses has closed on $116 million in financing to complete the fourth phase of Rockaway Village, a mixed-use affordable housing project in Far Rockaway, Queens. The ongoing development is slowly replacing an abandoned shopping center and will comprise 1,700 units of affordable housing, 120,000 square feet of commercial and community facility space, and 590 parking spaces.
Permits have been filed for a 12-story mixed-use building at 832 Rutland Road in East Flatbush, Brooklyn. Located at the intersection of East 49th Street and Rutland Road, the lot is near the Sutter Avenue – Rutland Road subway station, serviced by the 2, 3, and 4 trains. Brookdale Hospital Medical Center is listed as the owner behind the applications.