It won’t be the largest new single-building residential project in New York City, but by any measure developer TF Cornerstone’s 606 West 57th Street will be big. Thanks to photos posted to the YIMBY Forums by user JC_Heights, it can be seen that foundation work is well underway.
Back in April, new details were revealed of the 25-story, 714-unit mixed-use building under development at 300 Livingston Street, in Downtown Brooklyn. Now, the project has risen above street level, as seen in photos by Tectonic, which were taken a back in May. As previously reported, the building will eventually encompass 734,312 square feet. It will feature 55,000 square feet of retail on the ground and cellar levels, followed by residential space beginning on the second floor. The apartments should average 790 square feet apiece, indicative of rental apartments, and 143 of them (20 percent) will rent at below-market rates through the housing lottery. Amenities include a 128-car underground parking garage, laundry facilities, a yoga room, storage for 357 bikes, a pet grooming room, an outdoor terrace on the second floor (likely a courtyard), and a children’s playroom. TF Cornerstone is the developer, while Handel Architects is behind the design. Completion is expected in 2017.
Back in July of 2014, YIMBY reported on applications for TF Cornerstone’s planned 25-story, 714-unit mixed-use building at 300 Livingston Street (a.k.a. 33 Bond Street), in Downtown Brooklyn. Now, Commercial Observer has the latest details on the 734,312-square-foot project. Since our last report, the developer has secured $250 million in construction financing. The new building will also have a larger retail component than reported earlier. There will be 55,000 square feet of retail across the ground and cellar levels, and grocers and gyms are already in negotiations for the space. The residential units should average 790 square feet apiece, and 20 percent of them, or 143 apartments, will rent at below market-rates. Demolition of the site’s 49,942-square-foot five-story parking garage wrapped up in early 2015. Handel Architects is behind the design. Completion is expected in 2017.
Yesterday, we told you about the progress on a rather modest Durst Organization development on the southwest corner of Eleventh Avenue and West 58th Street. Today, we’re bringing you and update on a significantly bigger project around the corner on the south side of West 57th Street between Eleventh Avenue and Twelfth Avenue.
Earlier this year, construction wrapped up on the first phase of Long Island City’s Hunters Point South mega-development, which includes two residential towers with a total of 925 affordable units, plus a 1,100-seat school and a waterfront park. The city is now moving forward to build the infrastructure needed for the project’s second phase, and Curbed reports excavation work is well underway. The second phase will include, but is not limited to, a 1,193-unit mixed-income residential building, which is to be developed by TF Cornerstone and Selfhelp Community Services. Thousands of additional residential units are also in the works, along with retail and community space. Thomas Balsley Associates, Weiss/Manfredi, and ARUP are designing the public park that will eventually line the waterfront. The park and infrastructure work is expected to be complete by 2018.