New York

155 West 23rd Street

Neglected 12-Story Office Building At 155 West 23rd Street Getting Renovation, Midtown South

The Kaufman Organization and Goldman Sachs have paid $45 million for a 99-year ground-lease on 155 West 23rd Street, in Midtown South, which is owned by Gary Barnett. Crain’s reports the existing 12-story, 82,000 square-foot office building will undergo a $10 million renovation immediately, which will include fixes to the roof, windows, and interior. Completion is expected by 2016, and ground-floor retail space will also be included.


11-35 45th Avenue

Six-Story, 39-Unit Residential Project Wraps Up At 11-35 45th Avenue, Long Island City

In the middle of 2014, the six-story, 39-unit residential project began construction at 11-35 45th Avenue, in Long Island City, and today, the building is nearly finished, according to The Court Square Blog. The building has been topped-out for a while, but now the façade is mostly up, with work still ongoing on the roof and balconies. Units will average 769 square feet apiece, and completion is tentatively scheduled for next spring. George Xu is representing an anonymous developer, and Flushing-based Raymond Chan is the architect.




455 Jefferson Street, image via teaser site

Office and Retail Conversion Slated for Bushwick Warehouse, 455 Jefferson Street

The East Williamsburg-Bushwick industrial zone is slowly transitioning from a no man’s land around the heavily polluted Newtown Creek to a mixed-use neighborhood complete with hotels, nightclubs and retail. Near the Jefferson Street L stop, the Bushwick Collective mural project has hastened gentrification by beautifying several barren blocks with the work of dozens of street artists. So it’s no surprise that a hulking six-story factory nearby at 455 Jefferson Street may become offices and retail.

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