It has been less than four years since permits were filed for 1059 Third Avenue, but thanks to Tectonic we can see the tower has now risen 21 floors above the Upper East Side, on the way to its 30-story pinnacle. The project is one of several new high-rises coming to the neighborhood. Real Estate Inverland and Third Palm Capital are responsible for the development. The site was purchased for $40 million in 2012, costing just over $330 per buildable square foot.
Permits have been filed for a four-story mixed-use building at 618 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. The site is eight blocks away from the G train, whose service was shut down this last weekend. Pastor Luis Pastruizaca is listed as responsible for the development.
New permits have been filed for a four-story mixed-use building at 717 Sutter Avenue in East New York, Brooklyn. The site is five blocks away from the Van Siclen Avenue subway station, serviced by the A and C trains. Eight blocks away is an identically named station, serviced by 2, 3, and 4 trains. An anonymous LLC is listed as behind the applications.
Progress is moving along at 287 East Houston Street, with the façade now fully installed, the building topped out, and interior work underway. The 11-story building, named 287/LES, is right on the border of the Lower East Side and the East Village, and just five blocks from the Essex Street subway station, providing quick access to the F, J, M, and Z trains. Vinci Partners and Hogg Holdings are developing the project.
Permits have been filed for a five-story residential building at 104 Martin Luther King Place in Bedford-Stuyvesant, Brooklyn. The site is two blocks from the Myrtyle-Willoughby Avenues subway station, serviced by the G trains. Nine blocks away is the Flushing Avenue subway station, serviced by the J, M, Z trains and major intersection for retail. Joel Weiss of Empire Brooklyn is listed as responsible for the development.