1487 First Avenue Tops Out Over Manhattan’s Upper East Side

Construction has topped out on 1487 First Avenue, a 35-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed and built by Carmel Partners, which purchased the property from Robert Chou for $73.5 million in early 2022, the 404-foot-tall structure will yield 206 condominium units, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner of the property, which is located at the southwestern corner of First Avenue and East 78th Street.

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Housing Lottery Launches for Hanover House in Downtown Brooklyn

The affordable housing lottery has launched for Hanover House, a 34-story residential building at 15 Hanover Place in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, the structure yields 314 residences. Available on NYC Housing Connect are 95 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $113,726 to $218,010.

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Updated Renderings Revealed For Foster + Partners’ PENN15 Supertall Proposal in Midtown, Manhattan

A new series of renderings has been released for PENN15, a proposed commercial supertall skyscraper at 15 Penn Plaza in MidtownManhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the project’s scope was recently reduced from 56 to 50 stories and 1,200 feet to 1,000 feet, and will now yield 2.2 million square feet of office space, down from 2.7 million. The property is located along Seventh Avenue between West 32nd and 33rd Streets, directly across from Penn Station.

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