JLL Capital Markets has arranged $52 million in construction financing for 133 East 55th Street, a new apartment building in Midtown East, Manhattan. The financing was secured on behalf of a joint venture between Rybak Development and BK Developers, with Emerald Creek Capital providing the funds.
Facade installation continuing to progress at 18 West 55th Street, a topped-out 26-story residential building in Midtown, Manhattan. The Glass Fiber Reinforced Concrete (GFRC) panel facade is being installed by PG New York. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, which purchased the property for $83 million in 2017 under the 18 West 55th Street LLC, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The ground-up project is located on a formerly vacant interior lot between Fifth and Sixth Avenues, next to the Peninsula Hotel.
Construction on the public plaza and ground-floor retail space is nearly finished at One High Line, a two-tower residential development at 500 West 18th Street in Chelsea, Manhattan. Designed by Bjarke Ingels Group and developed by Witkoff Group and Access Industries, the twisting pair of 36- and 26-story structures collectively yield around 900,000 square feet with 236 condominium units in one- to five-bedroom layouts, as well as a hotel component operated by Faena Hotel, and ground-floor retail space. The property is alternately addressed as 76 Eleventh Avenue and stands adjacent to the High Line on a trapezoidal plot bound by West 18th Street to the north, West 17th Street to the south, Tenth Avenue to the east, and West Street to the west. Suffolk Construction is the general contractor and the plaza was designed by Diller Scofidio + Renfro, and Field Operations in a private-public partnership between the City of New York and Friends of the High Line.
Construction is close to topping out at 126 East 57th Street, a 28-story residential tower rising on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall structure will yield 147 condominium units with an average scope of 1,156 square feet, as well as 5,000 square feet of lower-level retail space. ODA is also serving as the interior designer and Plaza Builds is the general contractor for the ground-up property, which is located at the corner of East 56th Street and Lexington Avenue, and includes a narrow panhandle extension to East 57th Street.
Construction is now topped out at 354-360 West 52nd Street, the site of a seven-story residential building in Hell’s Kitchen, Manhattan. Designed by Architecture Outfit and developed by Cadence Property Group, HOH Capital Partners, and Deal Lake Capital, the 66-foot-tall structure will span 55,000 square feet and yield 32 condominium units in one- to three-bedroom layouts. Titanium Construction Services is the general contractor for the project, which is located between Eighth and Ninth Avenues.
