Residential

Planned Skyscraper at 131-141 East 47th Street Appears Stalled, Likely Another Casualty Of Chinese Capital Outflow Restrictions in Midtown East, Manhattan

8:00 am on November 24, 2018 By Michael Young

YIMBY’s recent reportage on a new wave of failed development sites has yet another likely addition. Renderings for the new look of 131-141 East 47th Street were revealed by YIMBY back in April of 2016, and since then, the site for the 49-story, 122-unit residential tower has been cleared of the previously extant structures. However, over two years post-demolition, work has appeared to come to a grinding halt, with no subsequent progress yet visible. The project is being developed by New Empire Real Estate, with SLCE Architects leading design, with the Chinese crackdown on capital outflows a likely explanation for the apparent pause in construction.

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Demolition Complete for ODA’s Tree-Topped Skyscraper at 75 Nassau Street in The Financial District

8:00 am on November 21, 2018 By Michael Young

When YIMBY last visited the site of ODA‘s planned tree-topped skyscraper at 75 Nassau Street, the remaining buildings were still being demolished. Now, the lots for the 40-story tower are completely empty and cleaned up. Five buildings had to be razed to make way for the future 498-foot tall, 312,000 square foot structure, which promises to make a unique imprint on the Lower Manhattan skyline. Lexin Capital is the developer of the project, which appears to be stalled at the moment, with no progress since demolition currently visible.

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45 Park Place Nears Halfway Mark On Way To 667-Foot Pinnacle in Lower Manhattan

8:00 am on November 20, 2018 By Michael Young

It has been several months since YIMBY last checked on 45 Park Place, a soon-to-be 45-story, 667-foot residential tower rising in the blocks just below Tribeca. Now, the building is nearing the halfway mark. It is already surpassing adjacent structures that have hidden ongoing progress since the project began to vertically take off this year. The site is being developed by Sharif el-Gamal’s Soho Properties, and will have a substantial presence on the changing skyline by the end of the decade.

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637 East 176th Street in West Bronx

New 46-Unit Building Coming to 637 East 176th Street in Tremont, The Bronx

6:30 am on November 20, 2018 By Vanessa Londono

Permits have been filed for an eight-story residential building at 637 East 176th Street in The West Bronx. Located between Arthur Avenue and Belmont Avenue, the site is situated in neighborhood that appears fairly suburban. Half a mile away is the MetroNorth Tremont train station, and closer to a mile away are the 174 St-Southern Boulevard and West Farms Square – East Tremont Avenue subway stations, both serviced by the 2 and 5 trains. Arjan Gjushi of Al. Bros. Construction is listed as the owner behind the applications. Gjushi also recently filed permits for a 160-unit project nearby, at 29 Featherbed Lane.

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