232 East 54th Street has topped-out, and now stands 24 stories above a 5,000 square foot plot of land in the Midtown East neighborhood of Sutton Place, between Second and Third Avenues. Ismael Leyva Architects is the designer while Elias Kalimian of Elk Investors is the developer of the project. The 237-foot tall mixed-use building covers 59,381 square feet, and will have 75 units within averaging close to 800 square feet apiece.
Located in the West Village, and bound by West 10th Street, Washington Street, and Greenwich Street, a new proposed expansion for the Village Community School is currently being reviewed by the Landmarks Preservation Commission. Approval would potentially bring a four-story addition, designed by Marvel Architects, to the eastern side of the property, at the corner of West 10th Street and Greenwich Street. The corner is currently the site of the school playground, originally built in 1945. The school and project site are located among two historic districts in Greenwich Village, sitting on the southwest corner of the established areas.
A new nine-story residential building is coming to Astoria, Queens, at 11-37 31st Avenue, between Vernon Boulevard and 12th Street. It will stand 91 feet when complete, covering about 110,450 square feet and including 168 units. Christopher Fogarty of Fogarty Finger Architecture is designing, while the owner and developer is David Kronman of Astoria West LLC. The project will be a ground-up development and will replace an extant two-story structure on site.
One Wall Street is in the midst of a huge $1.5 billion makeover as the 51-story Art Deco gem is converted from office use into 566 residential units, topped with a triplex that may fetch $40 million. At street level, significant activity can be seen, as parts of the facade have been removed to make way for the retail section in the building that will bring a Whole Foods to the Financial District.
The DoubleTree Suites by Hilton has long been located at the intersection of 7th Avenue and West 47th Street. But in a few more years, the soon-to-be former hotel will house Times Square’s newest project, a nearly $2.5 billion redevelopment by L&L Holding Company, Maefield Development, and Fortress Investment Group. With the site purchased for $450 million, they plan to demolish the existing hotel and create a new 550,000 square foot and 46-story skyscraper, dubbed TSX Broadway. Plans also integrate the 105-year old Palace Theater. Approved by the Landmark Preservation Commission in November 2015, the historic structure will be lifted from its foundations and placed 30 feet above street level.