Demolition is complete and below-grade work has commenced at 1 Park Row, site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Los Angeles-based Parkview Financial last summer, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. Ancora Engineering is in charge of the support of excavation (S.O.E.) and foundations.
Construction has topped out on 282-286 Grand Street, a seven-story residential building on Manhattan’s Lower East Side. Developed by Prosper Property Group, the 23,500-square-foot structure will yield 25 rental apartments spread across roughly 22,500 square feet, along with residential amenity space and a small commercial space on the ground floor.
The affordable housing lottery has launched for Eagle+West, a two-tower residential development at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn. Developed by Brookfield Property Partners and Park Tower Group and designed by OMA and Beyer Blinder Belle, the 30- and 40-story superstructures yield a total of 745 rental units. Available on NYC Housing Connect are 224 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $51,840 to $206,875.
Excavation continues at 520 Fifth Avenue, the site of a 76-story mixed-use supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the slender 995-foot-tall skyscraper will yield 507,608 square feet with 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the property, which is located at the corner of Fifth Avenue and West 43rd Street.
Excavation is set to begin at 45-19 Davis Street, the site of a 21-story residential building in Long Island City, Queens. Designed by Jon Yung of MY Architect PC and developed by Tom Wu under Davis Street Development LLC, the 229-foot-tall structure will yield 62,001 square feet with 82 units averaging 750 square feet apiece and 489 square feet of commercial space. Warner Construction is the general contractor for the property, which is located on an interior plot bound by Davis Street to the southwest, Pearson Street to the northeast, and Jackson Avenue to the northwest.