Amazon has officially acquired the historic Lord & Taylor Building at 424 Fifth Avenue in Midtown, Manhattan. Although Amazon and WeWork, the building’s former owner, have not released any statements on the deal, the transaction is reportedly valued between $978 million and $1.15 billion.
Permits have been filed for a seven-story mixed-use building at 407 Remsen Avenue in East Flatbush, Brooklyn. Located between Lenox Road and East 58th Street, the interior lot is a short walk to the Saratoga Avenue subway station, serviced by the 3 and 4 trains. Yoel Horowitz of Highline Developers is listed as the owner behind the applications.
Permits have been filed for a four-story residential building at 25-63 36th Street in Astoria, Queens. Located between Astoria Boulevard South and 28th Avenue, the interior lot is four blocks east of the Astoria Boulevard subway station, serviced by the N and W trains. Shahryar Azizzadeh under the 63 Plaza LLC is listed as the owner behind the applications.
Construction is approaching the final floors at 52-41 Center Boulevard, a 475-foot-tall residential tower in the Hunters Point South Towers development in Hunters Point, Queens. Designed by ODA Architecture and developed by TF Cornerstone with SLCE Architects as the architect of record, the 46-story, 394-unit structure stands to the south of its rising sibling, 52-03 Center Boulevard, which will eventually stand 56 stories and 587 feet tall.
Construction has kicked off on a six-story residential building at 245 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. The structure will replace a single-story laundry business and will eventually top out at 65 feet tall. Designed by Charles Mallea, the building’s façade is comprised of red brick masonry with a black composite material at the roof level. The edge of the exterior along Franklin Avenue will feature large industrial-style windows and a series of private balconies.
