Retail

Demolition Progresses at 255 East 77th Street on Manhattan’s Upper East Side

8:00 am on December 1, 2022 By Michael Young

Kicking off our annual end-of-year countdown of the 31 tallest projects underway in New York is 255 East 77th Street, a forthcoming 36-story residential tower on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Naftali Group, the 475-foot-tall structure will yield 170,481 square feet with 55 units, as well as 3,861 square feet of retail space, two cellar levels, and 33 enclosed parking spaces. Alba Services is the general contractor for the property, which is alternately addressed as 1481 Second Avenue and located at the corner of Second Avenue and East 77th Street.

Excavation Progresses for 34-Story Skyscraper at 15 Hanover Place in Downtown Brooklyn

8:00 am on November 30, 2022 By Michael Young

Excavation is moving along at 15 Hanover Place, the site of a 34-story residential skyscraper in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, for which Cushman & Wakefield arranged $134 million in construction financing from Santander and City National Bank, the 463-foot-tall structure will span 70,734 square feet and yield 314 apartments with 95 reserved for affordable housing, as well as 9,000 square feet of ground-floor retail space. Noble Construction Group is serving as the general contractor for the property, which was formerly addressed as 23 Hanover Place and is located at the corner of Livingston Street and Hanover Place.

Rendering of proposed building at 1 Wythe Avenue

Brooklyn Brewery Announces New Location at 1 Wythe Avenue in Greenpoint, Brooklyn

7:30 am on November 30, 2022 By Sebastian Morris

Brooklyn Brewery has announced plans to relocate its flagship facility to 1 Wythe Avenue, a new mixed-use development in Greenpoint, Brooklyn. The planned flagship will anchor the building, which is just four blocks north of the brewery’s current Williamsburg location.

22 Chapel Street Completes Construction in Downtown Brooklyn

7:30 am on November 29, 2022 By Michael Young

Work is complete on 22 Chapel Street, a 20-story residential building in Downtown Brooklyn. Designed by CetraRuddy and developed by Delshah Capital and OTL Enterprises, the 211-foot-tall structure spans 133,181 square feet and yields 180 apartments, with 25 designated for affordable housing, as well as a 5,000-square-foot branch of START Treatment & Recovery Center, New York’s largest independent drug treatment agency. The building also contains 2,000 square feet of ground-floor retail space. Titanium Construction Services was the general contractor for the property, which is bound by Chapel Street to the north, Cathedral Place to the south, Flatbush Avenue Extension to the east, and Jay Street to the west.

Exterior view of penthouse office suites at 520 West 20th Street - Courtesy of Elijah Equities

JLL Reveals Penthouse Office Suites at 520 West 20th Street in Chelsea, Manhattan

7:00 am on November 28, 2022 By Sebastian Morris

Elijah Equities and JLL have revealed a pair of duplex penthouse office suites at 520 West 20th Street in Manhattan, following a major renovation and expansion of the former industrial building. Located on the western edge of Chelsea, the 100,000-square-foot property was transformed by Morris Adjmi Architects to suit gallery and enterprise commercial tenants.

Turken House’s Façade Takes Shape at 300 East 41st Street in Murray Hill, Manhattan

7:30 am on November 27, 2022 By Michael Young

Façade work is moving along on Turken House, a 21-story residential building at 300 East 41st Street in the Murray Hill section of Midtown. Designed by Perkins + Will and developed by non-profit The Turken Foundation, which assists Turkish students in earning scholarships and job opportunities in the United States, the 227-foot-tall structure will yield 80,000 square feet with 82 turnkey residences in single- and double-occupancy configurations. Fast Track Construction is the general contractor for the property, which is located at the corner of East 41st Street and Second Avenue, near the United Nations and Grand Central Terminal.

Demolition for New Rolex Headquarters Continues at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on November 26, 2022 By Michael Young

Demolition is progressing on Rolex’s old 12-story International Style headquarters at 665 Fifth Avenue in Midtown to make way for a 25-story replacement. Designed by David Chipperfield Architects and developed by Rolex Realty Company, the new structure will feature a modern glass curtain wall and yield office and retail space for the iconic watchmaker. Titan Industrial SVC Corp. is the general contractor in charge of demolition at the property, which is located at the corner of Fifth Avenue and East 53rd Street.

Exterior view of 5203 Center Boulevard at Hunter's Point South - Courtesy of TF Cornerstone

Luminescence Market Debuts at 5302 Center Boulevard in Hunter’s Point South, Queens

7:30 am on November 26, 2022 By Sebastian Morris

TF Cornerstone this week debuted Luminescence Market, the first grocery store to open within the Hunter’s Point South complex in Hunter’s Point, Queens. The store is located at the foot of 5203 Center Boulevard, a 52-story residential tower that overlooks the East River.

Rendering of 295 Fifth Avenue with its new rooftop penthouse

Developers Close on $150M Loan to Complete Renovations at 295 Fifth Avenue in Midtown, Manhattan

7:30 am on November 25, 2022 By Sebastian Morris

Tribeca Investment Group, Meadow Partners, and PGIM Real Estate have secured $150 million in construction financing to complete a commercial modernization project at 295 Fifth Avenue in Midtown, Manhattan. Construction recently completed on a penthouse addition, bringing the structure to 19 stories and 710,000 square feet.

Rendering of 470-490 Kent Avenue, designed by Hill West Architects

Developers Close on $385M in Financing for 470-490 Kent Avenue in Williamsburg, Brooklyn

7:30 am on November 24, 2022 By Sebastian Morris

Naftali Group and Access Industries have closed on a $375 million construction loan to complete a three-tower development at 470-490 Kent Avenue in South Williamsburg, Brooklyn. Designed by Hill West Architects, the buildings will sit on the East River waterfront and top out at 16, 21, and 22 stories.

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