SUMMIT One Vanderbilt, New York City’s fifth public high-rise observatory, officially opened to the public yesterday afternoon at 1:00 PM. A group of SL Green Realty executives, SUMMIT One Vanderbilt creators, One Vanderbilt partners, and New York City leaders gathered atop the 91st floor of the 65,000-square-foot indoor-outdoor venue earlier yesterday morning to give speeches and cut a ceremonial ribbon before the first visitors arrived.
L&M Development Partners and Wilder Balter Partners Inc. have completed work on their $190 million project in downtown New Rochelle, called ‘Stella’. The new addition to the city at 10 LeCount Place stands as a 28-story mixed-use residential building. The property is designed by Beyer Blinder Belle and offers 380 homes, including studios and one- and two-bedroom apartments. The Marketing Directors is the exclusive leasing and marketing firm for the development. The gross monthly rents for the 285 market rate residences start around $2,000 per month. Stella is built to Enterprise Green Communities efficiency standard, including Energy Star appliances, Zero-VOC interior paints, LED light fixtures, and water- conserving plumbing fixtures.
Podium work is progressing for Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. Madison House has a footprint stretching between East 30th and 31st Streets and Madison Avenue. Madison House is currently more than 50 percent sold with over $300 million in sales, and occupancy is expected to begin this winter.
The affordable housing lottery has launched for East Village Homes, a 14-story mixed-use building at 302 East 2nd Street in Manhattan’s East Village. Designed by Leroy Street Studio Architecture and developed by New York City Department of Housing Preservation and Development, the structure yields 44 residences. Available on NYC Housing Connect are 36 units for residents at 50 to 140 percent of the area median income (AMI), ranging in eligible income from $32,229 to $180,460.
Construction is wrapping up on the Virgin Hotel, a 38-story tower at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 476-foot-tall, 300,000-square-foot structure will yield 460 hotel rooms managed by Sir Richard Branson of Virgin Group. Flintlock Construction Systems, LLC is the general contractor for the building, which is bound by Broadway, West 29th Street, and West 30th Street.