Residential

111 Montgomery Street, rendering by Karl Fischer

Developer Acquires Site of 12-Story, 162-Unit Residential Project at 109 Montgomery Street, Crown Heights

11:00 am on June 16, 2016 By Reid Wilson

The 21,906-square-foot development site at 109 Montgomery Street, in southwestern Crown Heights, has recently changed hands for $24.5 million. Cornell Realty is likely the new owner, according to the Brooklyn Daily Eagle. The site has been approved for a 12-story, 162-unit residential building, which YIMBY revealed renderings of back in October of 2015. The latest permits indicate the building will encompass 168,236 square feet. If the new owner builds the current plans, the residential units, ranging from studios to three-bedrooms, should average 814 square feet apiece. Amenities include a 71-car underground garage, a pet spa, private residential storage, storage for 81 bikes, outdoor terraces on the ground, second, and rooftop levels, and a fitness center. Karl Fischer is the architect. Demolition permits indicate crews will begin to raze the existing single-story warehouse imminently. The site is located five blocks south of the Franklin Avenue stop on the 2/3 and 4/5 trains and Franklin Avenue Shuttle.

Central Park Tower

Renderings Surface for Central Park Tower, 217 West 57th Street

8:00 am on June 16, 2016 By Nikolai Fedak

YIMBY has chronicled the evolution of 217 West 57th Street, aka Nordstrom Tower and officially dubbed Central Park Tower, since it was clearing hurdles for the approval of its cantilever. Now that the building has begun rising, renderings from Extell have finally started leaking online, this time courtesy of EB-5 materials that surfaced on the YIMBY forums. The images show the tower is identical to renderings created in-house by YIMBY previously, and while they confirm the supertall has lost its spire, it will still become the tallest building by roof height on the continent, reaching 1,550 feet tall, and having a marketing floor count of 131.

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Construction Wrapping on First 53-Story, 538-Unit Journal Squared Tower, 605 Pavonia Avenue, Jersey City

7:00 am on June 16, 2016 By Reid Wilson

Kushner Real Estate Group’s 53-story, 538-unit mixed-use building at 605 Pavonia Avenue, in the Journal Square section of Jersey City, is now fully clad. The tower’s construction crane has been removed, as seen in a photo posted on Instagram by the owners via the YIMBY Forums. The rental tower contains a very large parking garage as well as retail space. It’s the first of three towers in the Journal Squared mega-development, which includes additional 60- and 70-story sibling towers. The entire development will boast 1,838 residential units and 36,000 square feet of retail space. As for this first completed tower, which topped out in December of 2015, occupancy is expected by the end of this year. HWKN and Handel Architects are responsible for the design. The complex will be located a stone’s throw away from the neighborhood’s PATH station.

500 East 14th Street

Foundation Work Underway At Seven-Story, 160-Unit Mixed-Use Project At 500 & 524 East 14th Street, East Village

6:00 am on June 16, 2016 By Reid Wilson

Foundation work is well underway at the site of Extell Development’s seven-story, 160-unit mixed-use development at 500 East 14th Street and 524 East 14th Street, in the East Village. Rebar can now be seen sprouting from the ground, as seen in photos in a EV Grieve update. Once complete, a seven-story, 106-unit building, encompassing 181,713 square feet, will be situated on the corner of Avenue A. A seven-story, 54-unit mixed-use building, measuring 71,719 square feet, will stand down the street at 524 East 14th Street. Across both, there will be 45,407 square feet of commercial-retail space on the ground and cellar levels. The apartments above should average 1,215 square feet apiece, which suggests condominiums are in the works.

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360 East 89th Street

34-Story, 84-Unit Mixed-Use Condo Tower Tops Out At 360 East 89th Street, Upper East Side

4:00 pm on June 15, 2016 By Reid Wilson

YIMBY last reported on the 34-story, 84-unit mixed-use building under development at 360 East 89th Street, on the corner of First Avenue on the Upper East Side, when it was six stories above street level in January. The 377-foot-tall, 212,325-square-foot tower, dubbed Citizen360, has since topped out, as seen in photos by our friend Tectonic. It will feature 3,265 square feet of retail space on the ground floor, followed by 84 condominium units, ranging from one- to four-bedrooms. The apartments should average a spacious 2,175 square feet apiece. Amenities include a 22-car automated parking garage, a residential lounge, a fitness center, bike storage space, private residential storage, a children’s playroom, an entertainment suite, and laundry facilities. Anbau Enterprises is the developer, while SHoP Architects is behind the design and architecture. Clodagh is responsible for the design of the interiors. Occupancy is expected in early 2017.

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