The F&T Group recently finished its sprawling, mixed-use development called One Fulton Square in downtown Flushing. Now, the local builder is moving forward with its next big mega-project, Two Fulton Square, which will replace the former Flushing Mall.
The Anbang Insurance Group Co. is planning to convert up to 1,100 hotel rooms of the 1,413-key Waldorf Astoria into an undisclosed number of condominiums. The 47-story, 625-foot-tall luxury hotel is at 301 Park Avenue, located on the block between East 49th and 50th streets in Midtown East. The hotel-to-residential conversion would retain between 300 to 500 hotel rooms, which will also see renovations of their own, according to the Wall Street Journal. The project is expected to cost $1 billion, and would close the Waldorf Astoria for up to three years. Hilton Worldwide Holdings Inc. will remain the hotel operator following the conversion. The Landmarks Preservation Commission will have to approve any exterior alterations. The hotel played host to the president of the United States for decades until China-based Angang acquired the property, an individual landmark, for $1.95 billion in 2015. During last year’s United Nations General Assembly, President Barack Obama stayed at the Lotte New York Palace Hotel.
Last week, the New York City Housing Authority launched a request for proposals (RFP) to develop a modern utilities system for the 28-building, 2,878-unit public housing complex called Red Hook Houses, in Red Hook. The proposed infrastructure upgrades are to include heat, hot water, electricity, and the systems of delivery for all three, according to DNAinfo. It would include two central plants, located on opposite ends of the complex at 592 Clinton Street and along Richards Street, in addition to 12 utility pods with generators. The new infrastructure is intended to disconnect Red Hook Houses from the electrical grid. That way, in the event of a black-out, the complex would be able to operate on its own. The Federal Emergency Management Agency (FEMA) is also chipping in $438,213,000 to repair damage from Hurricane Sandy. The money will be used to upgrade and renovate playgrounds, roofs, mechanical equipment, and a senior center, and contribute to the infrastructure project. Proposals are due in phases by July 22 and September 9. Kohn Pedersen Fox has already been tasked to design the project.
Construction has recently topped out on the 12-story, 186-unit mixed-use building under development at 411 West 35th Street, located on the corner of Dyer Avenue in the Hudson Yards District. Photos of the progress have been posted to the YIMBY Forums by ILNY. The latest building permits indicate the structure encompasses 191,702 square feet. There will be 14,586 square feet of retail space and a 981-square-foot doctor’s office on the ground floor. The residential units, beginning on the second floor, should average 875 square feet apiece, although it’s not known if they will be rentals or condos. Amenities include an 80-car underground parking garage, storage for 94 bikes, laundry facilities, an outdoor recreational area on the ground floor, a rooftop terrace, and many other “recreation” and “parcel” rooms (probably consisting of lounges, a fitness center, etc.). YYY Development & Construction is the developer. Gowanus-based Workshop Design + Architecture is the design architect, while Aufgang Architects is serving as executive architect. Completion is expected in early 2017.
A nine-story, 32-unit mixed-use project has topped out at 41-04 27th Street, in the Queens Plaza section of Long Island City. The structure can be seen in a photo update by The Court Square Blog. Dubbed Queens Boro Tower, the latest buildings permits indicate it encompasses 30,355 square feet. The ground floor and part of the cellar level will be occupied by 4,073 square feet of retail space. On the floors above, the residential units should average 654 square feet apiece, indicative of rental apartments. A fitness center is listed as an amenity, and renderings of the project show many of the apartments will feature balconies. Rego Park-based Great Stone Development is the developer, while Chang Hwa Tan’s Elmhurst-based Tan Architect is the architect of record. Completion can be expected in early 2017. In March, the project was just five stories above street level.