Bauhouse Group has acquired 109,000 square feet of additional air rights for their development site spanning 426-432 East 58th Street, in Midtown East, for $37.9 million. The most recently released plans depict a 95-unit Foster + Partners-designed condominium tower, measuring 268,000 square feet and standing over 900 feet tall. The developer is moving forward with an as-of-right project, according to The Real Deal.
The Covenant House, a facility that caters to homeless youth, is planning to redevelop the small block at 460 West 41st Street, in Hell’s Kitchen, replacing their current eight-story facility, a vacant six-story building, and an undeveloped lot. DNAinfo reports the new building will house Covenant’s new national headquarters facility, in additional to a large residential portion that’s 40% affordable and includes 100 units of supportive housing.
Related’s redevelopment of the formerly open-air West Side railyards is now becoming very apparent on the skyline, thanks to the rapidly rising 10 Hudson Yards. The Kohn Pedersen Fox-designed tower is closing in on its pinnacle, and the latest photo sent in by reader Mike McLaughlin shows its newly prominent position on the horizon.
According to The New York Times, UK-based Thomas Heatherwick’s Hudson Yards centerpiece is now under construction. A source who has seen the design described it as resembling the shape of a chalice, rising higher than the 100-foot-tall Culture Shed, which YIMBY unveiled in 2013. The sculpture does not require public review, and Related Companies and Oxford Properties are developing.
In March, YIMBY revealed renderings of the four-building, 223-unit condominium redevelopment of Cabrini Medical Center, in Gramercy. Now, developers Chetrit Group and Clipper Equity have closed on a $345.5 million loan for the project, according to Commercial Observer. Dubbed Gramercy Square, three medical buildings will be converted, and a fourth building will be constructed ground-up. Also planned is a 25,000 square-foot court yard, designed by M. Paul Friedberg and Partners; Woods Bagot is the project’s design architect. Completion is expected in 2016.
