New York

301 East 61st Street

19-Story, 30-Unit Residential Building Nearly Done At 301 East 61st Street, Upper East Side

Back in May of 2014, YIMBY reported on plans for a 19-story, 30-unit residential building at 301 East 61st Street, located on the corner of Second Avenue, at the bottom of the Upper East Side. Since then, the project has risen silently and construction on the exterior is largely wrapping up, as seen in photos by Tectonic. The structure measures 58,957 square feet in total and includes 1,035 square feet of retail space on the ground floor. The residential units will be condominiums, many of them duplexes, and should average 1,456 square feet apiece. Amenities listed in the Schedule A include bike storage on the ground floor, a recreational room on the 13th floor, and a rooftop terrace. Real Estate Inverted Development is the developer and Garrett Goulay Architect is behind the design. Completion is expected later this year.


204 Forsyth Street

Seven-Story, 11-Unit Condominium Project Tops Out At 204 Forsyth Street, Lower East Side

In February of 2015, YIMBY revealed renderings for the planned seven-story, 11-unit residential building at 204 Forsyth Street, on the Lower East Side. Bowery Boogie now reports the 24,960-square-foot project has topped out. The structure’s residential units will be condominiums and should average a spacious 1,779 square feet apiece. The units will come in two- and three-bedroom configurations, and amenities include a parking garage on the ground floor and bicycle storage and recreational space in the cellar. Charlie Saulson is the developer and Z Architecture is behind the design. Completion is expected later this year.




39-08 Janet Place

High-Profile Mixed-Use Development Site Up For Sale At 39-08 Janet Place, Flushing West Rezoning Area

Property owners ABS Management & Development and Babad Management are now placing on the market the 3.7-acre vacant development site at 39-08 Janet Place (a.k.a 131-35 Roosevelt Avenue), in Downtown Flushing. The Real Deal reports the site currently offers 870,000 square feet of development rights. A five-tower, 450-unit mixed-use project was approved by the city before the 2008 financial crisis. It was going to be built by LEV Development Group and was designed by Ismael Leyva Architect, but it never got off the ground. Today, the plot is subject to the proposed Flushing West Rezoning, and, if established, would be located within the rezoning’s special waterfront district. That means a future development may require the construction of a waterfront promenade along Flushing Creek (although we don’t know if the rezoning means that the site would get more development rights). The site doesn’t have an asking price, although brokers expect the site to generate more than $120 million.


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