Exterior work is still wrapping up on Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue in NoMad and number 13 on our countdown of the tallest projects under construction in the city. Alternately addressed as 15 East 30th Street, the 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle. Douglas Elliman is handling sales and marketing of the 199 condominiums, which will all sit atop an additional 7,500 square feet of ground-floor retail space.
Construction may soon break ground at 868-870 New York Avenue in Flatbush, Brooklyn, following approvals from New York City’s Department of Buildings. Designed by Opera Studios Architecture, the existing town two-family, two-story will be completely redeveloped into a pair of multi-family properties.
This week the city’s Department of Housing Preservation and Development (HPD) announced $13.6 million in housing tax credits was awarded to seven developments. These projects will be responsible for creating and preserving 583 affordable units throughout the city.
Permits have been filed by TF Cornerstone for two adjacent towers in Long Island City, Queens. Applications detail a 39-story mixed-use building at 2-10 54th Avenue at the intersection of 54th Avenue and 2nd Street, and a 34-story mixed-use structure at 55-01 2nd Street located between the Newtown Creek and 54th Avenue. Both sites are within walking distance of the Vernon Boulevard-Jackson Avenue subway station, serviced by the 7 train.
Exterior work is wrapping up on 130 William Street, an 800-foot-tall residential skyscraper in the Financial District and number 14 on our annual construction countdown. Designed by David Adjaye of Adjaye Associates and developed by Lightstone with Hill West Architects as the architect of record, the 66-story project recently began closings for its 242 units, which are being marketed by Corcoran Sunshine. Prices are expected to range from around $1,300,000 for a one-bedroom apartment to $20,000,000 for a four-bedroom, full-floor penthouse.