Mixed-Use

YIMBY Reveals Interior Renovations of One Wall Street’s Red Room, in Financial District

8:00 am on June 23, 2019 By Michael Young

In the midst of the largest office-to-condo conversion in New York City history at One Wall Street, its famous Red Room is undergoing a 16-month-long renovation. Designed in 1931 by renowned muralist Hildreth Meière, the former banking hall’s walls and ceilings are lined with 8,911 square feet of oxblood, orange, and gold glass tile mosaic, some of which has become damaged over the years. The Red Room will likely serve as retail space when the building reopens, which is expected to be in 2021. Macklowe Properties is the developer of the $1.5 billion Financial District conversion and expansion. CORE is handling sales and marketing of the planned 566 housing units in the rest of the Ralph Walker-designed skyscraper. SLCE Architects is serving as the architect of record.

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542 Atlantic Avenue in Boerum Hill, Brooklyn

Permits Filed for 533 Pacific Street in Boerum Hill, Brooklyn

7:00 am on June 22, 2019 By Vanessa Londono

Permits have been filed for an 11-story mixed-use building at 533 Pacific Street in Boerum Hill, Brooklyn. Located between Third Avenue and Fourth Avenue, the through lot also known as 542 Atlantic Avenue is steps away from the Atlantic Avenue-Barclay Center subway station, serviced by the B, D, N, Q, R, 2, 3, 4, and 5 trains. The property is owned by Sterling Town Equities, which bought the commercial site last year for $28 million.

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299 Chauncey Street Rendering

Wolf Group Breaks Ground at 299 Chauncey Street in Stuyvesant Heights, Brooklyn

6:30 am on June 22, 2019 By Vanessa Londono

Construction has begun on a mixed-use development at 299 Chauncey Street in Stuyvesant Heights, Brooklyn. Five units described as “individual mini dollhouses” will be added onto an existing 6,020-square-foot structure, originally built in 1925. The new development will be positioned on the eastern side of the property, bringing the total number of units up to nine, with retail on the ground floor at the corner. Prestige Equity Holdings and Wolf Group & Partners are the developers, with design and construction being handled by Brooklyn-based design firm Raab Interiors.

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Journal Squared’s Next 72-Story Residential Skyscraper Rising Rapidly at 537 Summit Avenue, in Jersey City

8:00 am on June 20, 2019 By Michael Young

Work on the second phase of Journal Squared at 537 Summit Avenue in Jersey City is progressing rapidly. Construction workers are pouring the floor slabs for what will become a 72-story residential skyscraper. The structure is set to stand 759 feet and become the tallest of the proposed trio of towers, of which one is already completed next door. All three are being designed by HWKN/Hollwich Kushner and Handel Architects. Kushner Real Estate Development is the developer of the entire site, which sits adjacent to the Journal Square PATH train station on a hill overlooking New York City. The second phase will yield 700 units, 18,000 square feet of retail space, and a gross floor space of roughly 1,000,000 square feet.

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