Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.
Updated renderings and proposals have surfaced for a single-family townhouse at 27 Cranberry Street in Brooklyn Heights. The hotly contested structure was first presented and approved by the city’s Landmarks Preservation Commission in 2011, but the project team failed to obtain construction permits due to legal action by neighboring property owners who feared the new building could damage the value of their historic homes. Plans resurfaced in 2015, but again, construction failed to break ground.
Permits have been filed for a 15-story residential building at 180 East 132nd Street in Mott Haven, The Bronx. Located between Lincoln Avenue and Alexander Avenue, the lot is closest to the 3rd Avenue-138th Street subway station, serviced by the 6 train. Isaac Feuerwerger of Carnegie Management Inc. is listed as the owner behind the applications.
Architectural photographer Tectonic recently checked in on the progress at 80 Flatbush Avenue in Boerum Hill, Brooklyn. Demolition is underway to clear the site for the construction of a multi-structure development that will include one of the borough’s tallest skyscrapers. A large assembly of scaffolding and black netting shrouds what remains of the original brick structure that is being dismantled floor by floor. Last year the City Council approved the project, which had a reduction in size and scale and a redesign of the largest tower. Alloy Development is the developer of the complex, which is located on a triangular plot bound by Flatbush Avenue, State Street, Third Avenue, and a small sliver of Schermerhorn Street.
BKSK Architects will appear before the city’s Landmarks Preservation Commission seeking approval for the renovation and expansion of a low-rise property in Greenwich Village. Located on an irregular corner lot at 21 Greenwich Avenue, the two existing structures on the site include a shuttered ground-floor restaurant facing West 10th Street and a separate three-story brick building with additional frontage on Greenwich Avenue. The latter once supported a small ground-floor gallery along Greenwich Avenue and residential area positioned on the second and third floors of the property.