This week CORE Real Estate held a groundbreaking ceremony for 429 Second Avenue, a 12-story residential building in Kips Bay, Manhattan. Designed by DXA Studio with amenity spaces by Paris Forino and developed by New Empire Corp., the 150-foot-tall development will yield 44,571 square feet with 59 condos units. The property is located between East 24th and 25th Streets.
Permits have been filed for a four-story residential building at 1039 42nd Street in Borough Park, Brooklyn. Located between 10th Avenue and Fort Hamilton Parkway, the lot is two blocks from the Fort Hamilton Parkway subway station, serviced by the D train. Joel Friedman is listed as the owner behind the applications.
YIMBY toured the interiors of The Bellemont, a 13-story residential building nearing completion at 1165 Madison Avenue on Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects with SLCE Architects as the architect of record and developed by Naftali Group, the 210-foot-tall structure spans 67,680 square feet and will yield 11 condominium units designed by by Achille Salvagni, as well as 3,749 square feet of ground-floor retail space. Titanium Construction Services is the general contractor and Compass Development Marketing Group is leading sales and marketing for the property, which is located at the corner of Madison Avenue and East 86th Street, a short walk from Central Park.
Construction has reached street level on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. With L+Z Architecture as the executive architect and developed by Avery Hall and Gindi Capital, the 200,000-square foot structure will yield 193 rental units and 14,000 square feet of ground-floor retail space, and is part of a wave of upcoming residential projects that is expected to dramatically transform the neighborhood following the approved Gowanus rezoning. Leeding Builders Group is the general contractor for the half-acre property, which is alternately addressed as 655 Union Street and bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.
New York’s Regional Development Council has awarded $24 million to high-priority infrastructure and manufacturing projects across the state. Two of the 28 projects awarded are located in Queens and Long Island and represent roughly $895,000 of core capital grant and tax-credit funding from Empire State Development.