Bushwick Inlet Park Takes Shape Along Waterfront in Williamsburg, Brooklyn

Work is progressing on the expansion of Bushwick Inlet Park in Williamsburg, Brooklyn. Designed by Abel Bainnson Butz, LLP and developed by the New York City Department of Parks & Recreation and the non-profit group Friends of Bushwick Inlet Park, the $9.8 million project involves the transformation of a two-acre parcel known as Motiva at the northernmost end of the waterfront park. Construction broke ground in March on the property, which had formerly sat unutilized and overgrown, and environmental remediation efforts are being undertaken in parallel with the park’s construction. The park is being created as part of the nearly 40-acre Greenpoint-Williamsburg Open Space Master Plan and is bound by Quay Street to the north and Franklin Street to the east.

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Rolex USA Headquarters Rises Above Street Level at 665 Fifth Avenue in Midtown, Manhattan

Construction is rising on 665 Fifth Avenue, a 469-foot-tall commercial building that will house the US headquarters for Rolex in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. The property is located at the corner of Fifth Avenue and East 53rd Street.

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Demolition Is Complete At 201 East 23rd Street in Kips Bay, Manhattan 

Demolition work has concluded at 201 East 23rd Street, the site of a 19-story residential building in Kips Bay, Manhattan. Developed by Naftali Group, which acquired the property in a 99-year ground lease for $21.5 million last September, the 210-foot-tall structure will span 111,000 square feet and yield 69 units, likely condominiums, as well as ground-floor retail space. The property is alternately addressed as 301 Third Avenue and is situated at the intersection of Third Avenue and East 23rd Street.

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