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Housing Lottery Launches for 5 Stuyvesant Place in Saint George, Staten Island

The affordable housing lottery has launched for Water’s Edge, a seven-story residential building at 5 Stuyvesant Place in Saint George, Staten Island. Designed by Issac & Stern Architects and developed by Brooklyn B Company Group, the structure yields 77 residences. Available on NYC Housing Connect are 23 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $82,115 to $218,010.

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Vertical Progress Imminent For Two-Tower Complex At 80 Clarkson Street in West Village, Manhattan

Construction is about to go vertical at 80 Clarkson Street, an upcoming 29- and 36-story residential complex along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital Group, and The Baupost Group, the 400- and 450-foot tall buildings will yield around 650,000 square feet of space with 100 condominium units, nearly 37,000 square feet of ground-floor retail space, and enclosed parking for 69 vehicles. ACI VI Clarkson LLC is the owner and Suffolk Construction is the general contractor of the 1.3-acre, $1.25 billion development, which is bound by Clarkson Street to the north, West Houston Street to the south, West Street to the west, and a shorter and separate 19-story structure at 570 Washington Street rising on the same city block along Washington Street to the east. The sales team for 80 Clarkson Street will be led by Dan Tubb and Amy Williamson.

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520 Fifth Avenue’s Arched Façade Climbs Higher in Midtown, Manhattan

Vertical construction and façade installation are progressing on 520 Fifth Avenue, an 88-story residential supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, the 1,002-foot-tall structure will span 415,000 square feet and yield 100 condominium units, a residents-only amenity floor on level 88, boutique office floors, a private members-only club called Moss, and four cellar levels. The project is located at the corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

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1487 First Avenue Tops Out Over Manhattan’s Upper East Side

Construction has topped out on 1487 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed and built by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner of the property, which is located at the southwestern corner of First Avenue and East 78th Street.

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Construction Progresses on THE 74 At 201 East 74th Street on Manhattan’s Upper East Side

Construction is continuing on THE 74, a 32-story residential tower at 201 East 74th Street on Manhattan’s Upper East Side. Designed by Pelli Clarke & Partners with SLCE Architects as the architect of record and developed by Elad Group, which purchased the property for $61 million in April 2022, the 420-foot-tall structure will yield 42 condominium units and a collection of residential amenities. Rafael de Cardenas is the interior designer for the amenity spaces and the residences, which are being marketed by Douglas Elliman Development Marketing and will include half-floor two- and three-bedroom units, full-floor four- and five-bedroom homes, a single free-standing townhome, and a duplex penthouse. The property is alternately addressed as 1299 Third Avenue and located on an interior lot facing Third Avenue with two small panhandle extensions to East 74th and East 75th Streets.

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