Over a year ago, applications were initially filed for a 36-story, 198-unit mixed-use building planned at 38-46 West 33rd Street in Midtown South, and then YIMBY revealed a rendering of the project this past summer. Now, The Torkian Group has landed a $105 million construction loan for their 220,000 square-foot building, Commercial Observer reports. As previously reported, 198 residential units will spread across 160,029 square feet of residential space, with units averaging roughly 800 square feet, and ground-floor retail will measure 5,872 square feet. Stephen B. Jacobs Group is designing, and excavation work is currently underway.
Last week, YIMBY reported on permits for a 14-story mixed use development at 144-74 Northern Boulevard in Murray Hill, just east of Flushing in Queens. Now we have the reveal for the unusual, two-tower complex that will rise between 146th Street and Parsons Boulevard.
Last month, YIMBY brought you a construction update on the Lightstone Group’s 12-story, 700-unit residential project at 363-365 Bond Street, in Gowanus. Since then, the 429-unit building at 365 Bond has topped out, and foundation work is now underway at 363 Bond, where a 268-unit building is planned. New Jersey-based Atlantic Realty has stepped in to finish construction at the latter site, acquiring the property for $75 million. As for 365 Bond, move-ins are expected early next year, per The Real Deal.
Vornado Realty Corp. and Kushner Companies are proposing to redevelop the 41-story, 1.5-million square-foot commercial building at 666 Fifth Avenue, in Midtown between East 52nd and 53rd Streets, into a 1,400-foot-tall mixed-use tower. According to the New York Post, the building would include a significant retail podium, which will be topped by a slender tower featuring a hotel and residences. Zaha Hadid has been tasked to design, and Kushner owns a majority of the property, although Vornado currently owns the building’s retail condominium along Fifth Avenue, and Zara owns a separate retail portion.
Property owner Jimmy Mizrahi, operating under an LLC, has filed applications for a four-story, three-unit mixed-use building at 28 Huntington Street, in Red Hook, located five blocks west of the Smith – 9th Streets stop on the F and G trains. The building will measure 5,934 square feet, and 2,253 square feet of community facility space will span the ground floor and a portion of the cellar. In the second through forth floors, full-floor units will average 1,227 square feet apiece. Mohammad Baalbaki’s Staten Island-based Baalbaki & Assocoates Engineering is the applicant of record.