New Empire Real Estate



Excavation Begins for ODA’s 208 Delancey Street on the Lower East Side

Excavation has begun at 208 Delancey Street, the site of a 119-foot-tall, 11-story residential development on the Lower East Side. Located near the foot of the Williamsburg Bridge between Pitt Street and Ridge Street, the 80,200-square-foot project is designed by ODA Architecture and developed by New Empire Real Estate Development, with Shiming Tam Architect as the architect of record. The building will contain 69 condominium units averaging 854 square feet apiece.

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Planned Skyscraper at 131-141 East 47th Street Appears Stalled, Likely Another Casualty Of Chinese Capital Outflow Restrictions in Midtown East, Manhattan

YIMBY’s recent reportage on a new wave of failed development sites has yet another likely addition. Renderings for the new look of 131-141 East 47th Street were revealed by YIMBY back in April of 2016, and since then, the site for the 49-story, 122-unit residential tower has been cleared of the previously extant structures. However, over two years post-demolition, work has appeared to come to a grinding halt, with no subsequent progress yet visible. The project is being developed by New Empire Real Estate, with SLCE Architects leading design, with the Chinese crackdown on capital outflows a likely explanation for the apparent pause in construction.

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