New York


5 Franklin Place

Work Nears Finish Line at 5 Franklin Place in Tribeca

The development saga at 5 Franklin Place is finally reaching its conclusion, and since YIMBY’s last update on the project from September of 2014, progress has been significant. The latest photos from Tectonic show that cladding and window installation are both complete, although interior work appears to be ongoing. The site had several conceptual designs before it was acquired by El Ad Group after the recession, and ODA designed the final product, which stands 20 stories tall and has 53 condominiums.

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677 Lexington Avenue

Development Site At 677-685 Lexington Avenue Hits The Market, Midtown East

Meringoff Properties and the Riese Organization are placing the low-rise commercial properties spanning 677-685 Lexington Avenue on the market, according to The Wall Street Journal. The assemblage, in Midtown East at East 56th Street, boasts roughly 115,000 square feet, and is primed for a residential or hotel development. Eastern Consolidated is marketing the properties, which include a two-story corner building and five-story commercial structure, whose leases expire shortly.


10 Hudson Yards

10 Hudson Yards Celebrates Last Concrete Pour, 52-Story Office Building In Hudson Yards

In late July, YIMBY brought you a construction update on 10 Hudson Yards, the first of Related and Oxford Properties’ planned Hudson Yards towers. Today, the team will celebrate the topping-out of the 52-story, 1.7-million square-foot building, which will stand 905 feet to its pinnacle. Coach, Inc., L’Oréal USA, SAP, and Vayner Media have all leased space, bringing the tower to 85% occupancy. The skyscraper will officially open to tenants in early 2016.


41-07 Crescent Street

Nine-Story, 47-Unit Mixed-Use Building Complete At 41-07 Crescent Street, Long Island City

This past summer, construction was wrapping up on Ranger Properties’ nine-story, 48-unit mixed-use building at 41-07 Crescent Street, in Long Island City, and now The Court Square Blog brings news the building is complete. As previously reported, the building contains 4,000 square feet of ground-floor retail space, and Fogarty Finger is the architect. Scaffolding has been removed, meaning opening is likely imminent.


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