The Toll Brothers’ 30-story condo project at 959 First Avenue is rising fast and starting to get its brick facade. The 90-unit tower launched sales last month, and now YIMBY reader Tectonic has photos of its contextual exterior.
The Real Deal has the latest on Fortuna Realty Group’s planned 27-story, 180-key boutique hotel to span 25-27 West 38th Street, in Midtown South. Starwood Hotels & Resorts is co-developing with Fortuna, and The Aloft New York Midtown is expected to open for business in October 2017; Nobutaka Ashihara Architects and VLDG are designing. The existing five- and eight-story buildings passed pre-demolition inspection in late April.
The New York Times has revealed full renderings for the planned 38-story, 29-unit condominium tower at 118 East 59th Street, in Midtown East. YIMBY brought you news of the project last fall, which the Chinese firm Euro Properties is developing. Soo K. Chan, of SCDA Architects, is designing the 70,260 square-foot structure and all the condos — starting at 1,400 square feet — will span at least one floor. Demolition of the site’s former four-story buildings is complete and construction begins in June.
After obtaining $1 billion in financing, HFZ Capital Group has closed on the development site at 76 11th Avenue, or 518 West 18th Street, in West Chelsea. The lot comes remediated and vacant, and it’s one of the most expensive acquisitions in New York’s history, according to The Real Deal, clocking in at $1,100 per square-foot.
The 29-story, 470,500 square-foot office building dubbed 7 Bryant Park at 1045 6th Avenue, in Midtown, is wrapping up construction, per The Wall Street Journal. Exterior cladding is complete, and interior modeling is underway to accommodate the building’s owner, The Bank of China Ltd., which paid nearly $600 million for the Pei Cobb Freed & Partners-designed building in 2014. Construction began in 2013, and Hines and Pacolet Milliken Enterprises served as the tower’s developers.
