New York

93 Ocean Avenue

Six Three-Story, Single-Family Homes Planned At 93 Ocean Avenue, Arrochar, Staten Island

Staten Island-based V&V Builders Corp. has filed applications for six three-story, single-family homes at 30-32 Guilford Street and 93-103 Ocean Avenue, in Arrochar, located on the eastern end of Staten Island. The houses will measure between 1,724 and 1,896 square feet each, which means the development will probably be marketed towards families. Staten Island-based Stanley Krebushevski, head of SMK Architects, is the applicant of record. The property is currently occupied by a two-story, single-family house, and demolition permits have not yet been filed.





36 Central Park South

Developers Shelve Plans For Residential Tower At 36 Central Park South, Midtown

Over the summer, YIMBY brought you new renderings and details on the planned 88-unit luxury residential tower at 36 Central Park South, dubbed 1 Park Lane, which would replace the 46-story, 628-key Park Lane Hotel. The project was in the pre-development stages and advertised in the EB-5 program, but its developers, Witkoff and Macklowe Properties, are shelving plans for now, Bloomberg Business reports. Due to uncertainty in EB-5’s congressional reform, a slowdown in the Chinese economy, and an over-saturation in the ultra-luxury residential market, the Park Lane will remain as a hotel for the foreseeable future. Its operations and management are in the process of being repositioned, and Witkoff is in talks to refinance debt on the property.


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