Ironstate Development and Panepinto Properties have landed $155.83 million in construction financing for their planned 50-story, 539-unit residential tower at 90 Christopher Columbus Drive (dubbed 90 Columbus), in downtown Jersey City. The tower will host rental apartments ranging from studio to three-bedroom configurations, averaging 789 square feet apiece, Real Estate Weekly reported. Amenities will include a swimming pool, children’s play areas, sports and entertainment rooms, residential lounges, and a library. The tower is the last phase of a multi-building complex, which includes the recently completed 50-story residential tower 70 Columbus and the 12-story, 152-key Marriott Residence Inn at 80 Columbus. Gwathmey, Siegel, Kaufman and Associates is behind the architecture. Foundation work is currently underway and completion is expected in 2018.
The Blumenfeld Development Group has purchased, for $31.2 million, the two-story, 56,916-square-foot mixed-use commercial building at 99-01 Queens Boulevard, in Rego Park, from Vornado Realty. The new owner plans to convert the property’s vacant portions into a medical facility for Mount Sinai Hospital, according to Real Estate Weekly. The hospital has already signed a lease with Blumenfeld. The property currently features retail space on the ground and cellar levels, followed by commercial-office space on the second floor. Existing tenants, which will remain in the building, include Bank of America, New York Sports Club, and DeVry College of New York. Completion of the conversion is expected in early 2017.
While the far West Side has its fair share of mega-projects, the scale of development in lower West Chelsea and the Meatpacking District is generally more subdued. The one major exception to that rule is at 76 11th Avenue, where a development team led by HFZ has an assemblage with 800,000 square feet of air rights, with plans by Bjarke Ingels Group previously revealed by YIMBY last year. Now, thanks to a tipster, we have a fresh set of images showing the fine-tuning occurring across several aspects of the design, including the retail podium and crown.
A string of mid-rise developments is transforming a long-neglected stretch of Queens Boulevard at the border of Elmhurst, Woodside, and Maspeth. One of the dozen-odd projects rising there is the apartment building at 70-09 45th Avenue, where excavation is currently underway. The seven-story structure will stand on a roughly 7,850-square-foot, mid-block lot, facing the irregular intersection where 45th Avenue meets Queens Boulevard at an acute angle. Permits place the height of the future building at 73 feet. Its 30 residences will be spread across 24,299 square feet, giving an average of 810 square feet per unit. The ground floor will feature 5,12 square feet of retail. The project is being developed by Choi Yui Chan, designed by Angelo Ng & Anthony Ng of Architects Studio PC, and built by First Class Management Contracting Corp.
S.W. Management has acquired, for $61.5 million, the 15-story, 121-unit residential building at 134 West 58th Street, in Midtown, Commercial Observer reported. The developer purchased the property from Extell Development, who previously filed applications at the site for a new 18-story, 41-unit residential building, as YIMBY reported late last year. It’s not known if the new owner will follow through with those plans. Building permits were granted in April to develop a 60,324-square-foot project. The residential units would have averaged 1,283 square feet apiece and amenities would have included storage for 21 bikes, private residential storage, a ‘recreation room” on the ground floor, and a rooftop recreational area. Issac & Stern Architects was the architect of record. Demolition permits haven’t been filed for the existing apartment building.