New York

501 East 74th Street

Exterior Construction Wraps Up on 20-Story, 82-Unit Rental Building At 501 East 74th Street, Upper East Side

Last summer, YIMBY revealed renderings for Benjamin Ohebshalom’s planned 20-story, 82-unit rental building at 501 East 74th Street, on the Upper East Side, and then YIMBY reported the structure’s topping out last February. Now, per DNAinfo, the façade is being installed, and move-ins are expected this November. The building is being dubbed The Rose Modern, and leasing is expected to kick off next month. The Stephen B. Jacobs Group is the project’s architect.




44-02 Vernon Boulevard

Major Mixed-Use Project Proposed At 44-02 Vernon Boulevard, Long Island City

Bruce Teitelbaum and a group of investors are proposing a mixed-use, multimillion-square-foot development at 44-02 Vernon Boulevard, on the East River, in Long Island City. According to Politico New York, the vacant 212,670 square-foot property will likely be rezoned for a residential tower of more than one million square feet. Teitelbaum is also planning to acquire the six-story office building at 44-36 Vernon Boulevard, currently owned by the city. If successful, the project may also include open space, affordable housing, a public school, and a hotel.


525 Broadway

100-Unit Mixed-Use Project Planned At 525 Broadway, Williamsburg

Blesso Properties has acquired the former Lincoln Savings Bank building and the 13,000 square-foot parking lot at 525-545 Broadway, in southern Williamsburg, for $32.8 million; the site was placed on the market a year ago. According to Curbed, the assemblage includes 190,000 square feet of development rights, and a mixed-use building, with 100 rental units and a 15,000 square-foot roof deck is planned for the vacant lot. The existing 60,300 square-foot bank building will also be redeveloped, and the project is located right beneath the J and M trains’ Lorimer Street stop.


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