Renderings are out for a 74-story tower at 42-50 24th Street, in downtown Long Island City, Queens. If built, the structure would be a major addition to the borough’s vertical profile, with a speculative minimum height of 750 feet, based on double-height retail at the base. If it ends up being any higher, the structure would become the tallest structure in Queens. Its current competitor is 23-15 44th Drive, a condominium tower expected to rise 752 feet, and is located three blocks to the south. The tallest proposed building for the borough was formerly 29-37 41st Avenue, though developer Durst downsized the project to just 710 feet.
A proposed “boutique” office tower at 106 West 56th Street has begun excavation, where private equity firm Savanna Fund, along with Hong Kong based developer Atom Assets, plan to construct a 26-story tower. The site is located between 6th and 7th Avenues, just south of Billionaire’s Row.
An update is out for 259 Clinton Street, one of the skyscrapers planned to rise by One Manhattan Square. A Draft Environmental Impact Statement (DEIS) has been published, revealing fresh details of the three proposed Lower East Side towers that include 247 Cherry Street and 260 South Street, and a new rendering for 259 Clinton Street.
The St. Regis Residences Rye has officially broken ground in New York’s Westchester County, in the City of Rye. Located at 120 Old Post Road, the new development will replace a vacant, three-story office building, with sales anticipated to launch this Fall.
The 29,000 square foot lot at 69-02 Queens Boulevard, in Elmhurst, Queens, is getting closer to the construction of a major new building. YIMBY last covered the project two years ago, after developers Madison Realty Capital purchased the first portion of the assemblage for $14.75 million. The firm has now submitted a proposal to the Department of City Planning to build two new structures, rising up 14 and 17 floors. This action would require the rezoning of several industrial lots.