As New York City’s Housing Authority tries to dig itself out of a $60 million budget deficit, the agency has filed plans for an 18-story residential building on the parking lot of one of its old projects, the mid-1960s Fulton Houses in Chelsea.
Foundation work is now complete at 125 Greenwich Street, in the Financial District, the site of a planned 88-story, 273-unit mixed-use tower being developed by SHVO (headed by Michael Shvo), New Valley, and Bizzi & Partners Development. The concrete pit is now ready to make way for the tower portion, as seen in a photo by ILNY that was posted to the YIMBY Forums. The exact dimensions of building are not known, as the permits at the Buildings Department have yet to be amended, but we know it will rise 898 feet above street level (per Curbed NY) and will encompass roughly 450,000 square feet. There will be 20,000 square feet of retail space in its base and 16,000 square feet of residential amenities, including multiple terraces throughout the tower. The residential units will also be condominiums, ranging from studios to a triplex penthouse. Rafael Viñoly Architects is behind the design. Earlier this year, the developers were in the process of securing financing through various sources. Completion is expected in 2018.
Renderings have finally been revealed for All Year Management’s mixed-use development at 123 Melrose Street and 54 Noll Street, in western Bushwick, the site of the former Rheingold Brewery complex. The multi-block project, bound by Melrose and Stanwix streets and Evergreen and Flushing avenues, will feature 800 to 900 rental apartments and tens of thousands of square feet of retail space, according to Curbed NY. It’s being dubbed Bushwick II and will encompass around one million square feet. Roughly 20 percent of the apartments will rent a below-market rates through the affordable housing lottery. The developer acquired the plot for a combined $140.7 million over the past year. ODA New York is responsible for the design. New building permits have yet to reflect the latest plans. Two sprawling, single-story warehouse structures will have to be demolished.
Kamber Management Company is planning a $20 million renovation of Tower 45, the 40-story, 458,446-square-foot building at 120 West 45th Street, in Midtown. The office tower will see upgrades to its 175-foot-tall outdoor atrium, the lobby, and hallways and bathroom facilities throughout, plus mechanical equipment such as elevators. The 15th, 20th, 21st, and 24th floors, which are vacant, are also being renovated, according to Commercial Observer. Kohn Pedersen Fox and Milo Kleinberg Design Associates are behind the design of the renovations. Construction is expected to get fully underway later this year, with completion scheduled for summer 2017. Tower 45, completed in 1989, was acquired by Kamber in 2015 for $365 million. Amenities include a parking garage.
The Lynbrook Village Board has issued a request for proposals (RFP) for the site of the two-story Capri motel at 5 Freer Street. That’s in Nassau County on Long Island. The development goals at the site aren’t specific, but are said to mirror the village’s current downtown development vision of building more commercial space and rental apartments, according to the LI Herald. The village is also proposing to de-map Roxy Place and allow it to be built on, which would add 5,900 square feet to the development plot. The RFP requires potential developers to negotiate with the hotel’s property owner, Apple Core Hotels. Proposals are due August 31. The site is located six blocks from the nearest Long Island Rail Road station.