L+M Development Partners and Prudential Financial have teamed up to complete a sweeping renovation of Zion Towers, an affordable housing block in Newark, New Jersey. In a recent announcement, the two firms also revealed a successfully brokered deal with the New Jersey Department of Community Affairs to extend the property’s Section 8 contract for an additional 11 years to facilitate necessary financing to begin capital improvements within.
Permits have been filed for a new 35-story mixed-use building at 509 Third Avenue in Murray Hill, Manhattan. Located between East 34th Street and East 35th Street, the lot is two blocks from the 33rd Street subway station, serviced by the 6 train. Kevin Lalezarian under the Third and Thirty Four LLC is listed as the owner behind the applications.
The construction crane has been assembled at the site of the future Hard Rock Hotel at 159 West 48th Street, signaling that work is set to commence on the Times Square development. Located between Sixth Avenue and Seventh Avenue, the 225,000-square-foot, 445-room hotel is being designed by Berg + Moss Architects and developed by Extell in partnership with Hard Rock International. The plot measures 13,000 square feet and has yet to see the superstructure rise above street level.
The curtain wall assembly is progressing swiftly at 615 Tenth Avenue, AKA Hudson Garden, a new residential development in Hell’s Kitchen. The last of the large prefabricated panels are being hoisted into place on the topped-out, seven-story superstructure, which spans a full block between West 44th Street and West 45th Street. The 92-unit property is being designed by Marvel Architects and developed by Xin Development International, with Kuafu Properties as the project manager and Leeding Builders Group overseeing construction.
The Brooklyn-based development team at Cayuga Capital Management has released new renderings of 600 Bushwick Avenue in Brooklyn, New York. The six-story mixed-use property topped off back in 2017, but construction seems to have halted or slowed down until earlier this year.