Permits have been filed for a 14-story mixed-use building at 152 East 21st Street in Gramercy, Manhattan. Located at the intersection of Third Avenue and East 21st Street, the lot is near the 23rd Street subway station, serviced by the 6 train. Victor Sigoura of Legion Investment Group is listed as the owner behind the applications.
Aurora Capital and Jeff Sutton’s Wharton Properties have completed the renovation of 511 Fifth Avenue, a historic 18-story Beaux Arts building located steps from Grand Central Terminal in the heart of Midtown, Manhattan. This extensive redevelopment aims to align the property with modern office space standards while preserving its historic essence. Ownership has enlisted JLL as the exclusive leasing agent for the property, which is located at the southeast corner of Fifth Avenue and East 43rd Street.
Construction has reached street level at 126 East 57th Street, the site of a 28-story residential building on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture , who is also in charge of the interior design, and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall structure will yield 147 condominium units spread across 170,000 square feet, as well as 5,000 square feet of lower-level retail space. WSP USA is the engineer and Plaza Buildings is the general contractor for the project, which is being constructed on an L-shaped parcel at the corner of East 56th Street and Lexington Avenue. A narrow panhandle section of the building’s footprint will extend north to East 57th Street.
George Comfort & Sons, on behalf of 575 Lexington Avenue owners, has secured a 300,000-square-foot lease with Weill Cornell Medicine in Midtown East as part of a 30-year agreement.
The Soloviev Group has announced the inclusion of 513 affordable housing units within the proposed Freedom Plaza in Manhattan, significantly contributing to the city’s inclusionary housing efforts. Located from 38th to 41st Streets east of First Avenue and covering over six acres in Midtown East, the ambitious mixed-use development was already slated to feature 4.77 acres of green space, a museum, shopping and restaurants, and a hotel. Now with the inclusion of the affordable units, it also stands to be one of Manhattan’s largest inclusionary housing initiatives in more than a decade.
