Construction is now above street level on 550 West 21st Street, a 23-story residential building in West Chelsea, Manhattan. Developed by Legion Investment Group and AVRS Partners LP, which took over from Casco Development, the 250-foot-tall structure will span up to 172,000 square feet and yield 83 condominium units. The nearly 0.5-acre project site is located at the corner of West 21st Street and the Hudson River Greenway.
The affordable housing lottery has launched for 313 East 17th Street, a 13-story residential building in Gramercy, Manhattan. Built in 1966 and recently renovated by Borough Developers, the structure yields 87 residences. Available on NYC Housing Connect are 22 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $37,886 to $175,000.
Construction is nearing completion on The Malabar Residences, a 28-story residential tower located at 126 East 57th Street on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development, the 346-foot-tall structure will yield 175,000 square feet with 147 condominium units in studio- to three-bedroom layouts averaging 1,156 square feet, as well as 5,000 square feet of lower-level retail space, and accompanying amenities. The property is located at the corner of East 56th Street and Lexington Avenue with a narrow panhandle extension to East 57th Street.
Construction is nearing completion on 660 Lexington Avenue, a 20-story residential building in Midtown East, Manhattan. S20M is the design architect, Zproekt Architecture is the project architect, and Rybak Development is the developer of the 233-foot-tall structure will span 52,558 square feet and yield 31 condominium units with an average scope of 2,123 square feet. The project will also contain 2,551 square feet of commercial space, 1,174 square feet of community facility space, and a cellar level. The property is alternately addressed as 133 East 55th Street and located at the corner of Lexington Avenue and East 55th Street.
On September 25, the New York City Council unanimously approved the construction of 350 Park Avenue, a nearly 1,600-foot supertall office skyscraper in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the massive 62-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin’s companies Citadel and Citadel Securities will serve as the anchor tenants, occupying at least 850,000 square feet. The 53,000-square-foot property is located between East 51st and 52nd Streets.
