New York

92 Morningside Avenue

Construction Wraps on 10-Story, 45-Unit Residential Project at 92 Morningside Avenue, Harlem

Back in June of 2015, the 10-story, 45-unit residential redevelopment project at 92 Morningside Avenue, located on the corner of West 122nd Street in Harlem, topped out. Now, construction on the exterior of the structure is wrapping up, as seen in photos in a Harlem+Bespoke report. The site’s old seven-story pre-war building received a three-story, 11,677-square-foot vertical expansion and now boasts 60,714 square feet of residential space. Before the expansion, the building was more densely occupied with 50 apartments, but it is now home to 45 rental units ranging from one- to four-bedrooms. The apartments should average a spacious 1,349 square feet apiece and will include duplex penthouses. Amenities include storage for 23 bikes, a fitness center, a children’s playroom, and a rooftop terrace. Renaissance Realty Group is the developer, while Nataliya Donskoy’s Brooklyn-based ND Architecture & Design is behind the architecture. Occupancy is expected in the coming months.




703 Hart Street, image via Google Maps

Permits Filed: 703 Hart Street, Bushwick

As the MTA considers shutting down the L train for as long as three years, we’re glad to see Bushwick’s residential market chugging along in areas where residents can take other trains. On Thursday, new building applications were filed for an apartment building at 703 Hart Street in southern Bushwick.

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LaGuardia Airport

Development Team Closes on Deal with Port Authority to Rebuild LaGuardia Airport

Back in March, the Port Authority of New York & New Jersey (PANYNJ) officially approved plans to rebuild LaGuardia Airport, in East Elmhurst, in addition to incorporating a 24-hour ferry service and an AirTrain to help transport travelers. Now, LaGuardia Gateway Partners – comprised of Vantage Airport Group, Skanska, and Meridiam – has closed on a deal with the Port Authority to actually construct the project, and to operate the new 1.3-million-square-foot airport through 2050, according to Crain’s. Demolition is expected to begin within the next few months on the five-story parking garage in front of the Central Terminal building. The Central Terminal will be the first portion to be redeveloped and is expected to be complete by 2021, followed by Terminals C and D. The development team, which is putting up $1.8 billion of its own money, has already secured $2.5 billion in financing. The Port Authority is responsible for an additional $2.2 billion that will go towards infrastructure work.


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