Hines and Welltower Inc. are planning a 15-story senior-housing facility at 139 East 56th Street, located at the corner of Lexington Avenue in Midtown East. The duo recently acquired the site, which is currently occupied by a two-story, 7,000-square-foot commercial building, for an undisclosed amount, according to Bloomberg. The planned structure would feature assisted-living units and memory car services, although the number of units plan is not currently known. The existing building will be demolished, although a TGI Fridays restaurant must first vacant the premises.
The developer and architect behind one of the most striking new developments in New York City showed off its signature feature on Wednesday. They also revealed its new name. 626 First Avenue, a product of JDS Development and SHoP Architects located at East 36th Street in what you would have to call Murray Hill, will hence forth be known as the American Copper Buildings.
Seven months after the City Planning Commission opened up public review for the East New York rezoning, the City Council has voted to approve the controversial plan to redevelop the Brooklyn neighborhood.
Uncertainty over the future of an important tax exemption for residential construction, 421-a, is forcing developers in the outer boroughs to focus on building office and retail space. The latest example comes to us from East Williamsburg, where the Loketch Group aims to put up a six-story office and medical building.
Back in December of 2015, YIMBY reported on the topping out of the 19-story, 176-key Aloft Hotel under development at 27-45 Jackson Avenue, in the Court Square section of Long Island City. Since then, façade installation has been underway and is now being unveiled from scaffolding, The Court Square Blog reports. The 68,160-square-foot complex features a main 19-story structure on Jackson Avenue in addition to a slimmer eight-story counterpart on Hunter Street. Guest amenities include storage for seven bikes, a fitness center, a conference room, and a bar/lounge. Nassim Seliktar is the property owner, while Gene Kaufman Architect is behind the design. Completion is expected within the next few months.