New York

242 Broome Street

Excavation Begins On 14-Story, 50-Unit Mixed-Use Building At 242 Broome Street, Lower East Side

Earlier this year, YIMBY revealed renderings for the first phase of Essex Crossing, a multi-site mixed-use project on the Lower East Side being developed by L+M Development, Taconic Investment and BFC Partners. Bowery Boogie now reports excavation has begun on the first building, located at 242 Broome Street, where a SHoP-designed 14-story, 55-unit mixed-use building is planned. Splitsville Lanes will occupy the basement, and other retail space is also expected on the ground floor.


Midtown East Rezoning

City Expected To Receive Midtown East Rezoning Recommendations This Summer

A committee assigned to propose changes for Midtown East’s zoning is expected to submit plans with the City by June 30th, hopefully facilitating a rezoning that would be formally crafted by the Department of Planning. The rezoning may give developers a boost in FAR in return for funding transit improvements. Also, developers may be able to transfer air rights from landmarked buildings to other properties within the district as-of-right, according The Wall Street Journal.


Cornell Tech Campus

26-Story Dorm Building Under Construction At Cornell Tech Campus, Roosevelt Island

The 26-story, 350-dorm-unit Passive House building in the works at Cornell Tech Campus, on Roosevelt Island below the 59th Street Bridge, is now under construction, according to The New York Times. The 270,000 square-foot building, designed by Handel Architects, would be the tallest Passive House building in the world upon completion in 2017. Hudson Companies, Cornell Tech and Related Companies are developing, and the entire $2 billion campus should be built out over the next two decades.


27-45 Jackson Avenue

18-Story, 176-Key Hotel Under Construction At 27-45 Jackson Avenue, Long Island City

Concrete and steel beams are up to the fourth floor of Aloft Hotel, a 176-key hotel project at 27-45 Jackson Avenue, in Long Island City, The Court Square Blog reports. The development will span 68,160 square feet on the thru-block lot, featuring an 18-story tower on Jackson Avenue and a thinner eight-story counterpart on Hunter Street. Gene Kaufman is designing and Nissim Seliktar is listed as the property’s owner. Completion is expected in Spring 2016.


1245 42nd Street

Four-Story, Four-Unit Building Filed At 1245 42nd Street, Borough Park

Yesterday, a seven-unit residential building was filed at 1241 42nd Street, in northern Borough Park, and now the same developer, Mayer Meisels, has filed applications at the adjacent lot at 1245 42nd Street. Per the newest application, plans call for a four-story, four-unit building, with units measuring an average 1,100 square feet. Kenneth Thomas is the applicant of record, and the existing two-story, two-unit structure must first be demolished.


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