Exterior work is nearing completion on 120 Water Street, a 28-story Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure is located along Water Street between Pine and Wall Streets and will yield 128 rooms managed by Fortuna Realty Group.
A rendering has been revealed for a six-story mixed-use building at 106 North Third Street in Williamsburg, Brooklyn. Designed by Michael Muroff Architect and developed by David Kubresi, the CEO of Vigoss, a denim brand based in the Garment District, the 16,605-square-foot structure will yield ten residences spread across 8,450 square feet, as well as 3,200 square feet of ground-floor retail space. The scope of development does not include construction of any enclosed parking.
The affordable housing lottery has launched for 249 North 5th Street, a seven-story mixed-use building in Williamsburg, Brooklyn. The 42,000-square-foot development is also addressed as 70 Havemeyer Street and yields 48 units. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $73,920 to $167,570.
The final pieces of the glass curtain wall and gray paneling are being installed on 425 Park Avenue, a 897-foot-tall commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story building will yield around 667,000 square feet largely dedicated to offices, as well as a ground-floor restaurant run by Chef Daniel Humm, proprietor of the Three Michelin-starred Eleven Madison Park. The property is bound by Park Avenue to the west, East 55th Street to the south, and East 56th Street to the north, and is expected to achieve LEED-Gold certification and debut as the city’s first WELL-certified building.
Construction is complete on 21-59 44th Drive, a six-story mixed-use building in Long Island City, Queens. Designed by Z Architecture, the rectilinear reinforced concrete structure yields 20 residential units, 2,600 square feet of ground-floor retail space, and 361 square feet of community facilities on a plot of land bound by 44th Drive to the south and 23rd Street to the east.
