Re-cladding work has begun on 111 Wall Street, a 25-story commercial building undergoing renovations in the Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, the $100 million project involves the replacement of the mid-century façade, a complete overhaul of 1.5 million square feet of office space, and the construction of an expanded lobby and new amenities designed by URBN Playground. Hunter Roberts Construction Group is the general contractor and JLL is handling leasing for the Lower Manhattan property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, Gouverneur Lane to the southwest, and South Street and the FDR Drive to the southeast.
Construction has broken ground on Baez Place, a 154-unit affordable housing development at 334 East 176th Street in Claremont, The Bronx. Designed by ESKW Architects and developed by Community Access, the structure will comprise 105 studios, 21 one-bedrooms, 22 two-bedrooms, and six three-bedroom apartments. A total of 154 homes will be reserved for households at 30 to 80 percent area median income (AMI). The remaining 86 units will be available to the formerly homeless, who will also have access to on-site support services rendered by Community Access. Each apartment will come equipped with free broadband internet access.
The affordable housing lottery has launched for 305 East 165th Street, a seven-story residential building in Concourse, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 72 residences and 17 parking spots. Available on NYC Housing Connect are 37 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,612 to $187,330.
Demolition is ramping up at 415 Madison Avenue, the site of a 40-story commercial skyscraper in Midtown East. Designed by Skidmore Owings & Merrill and developed by 415 Madison Avenue LLC, the 605-foot-tall tower will yield 343,100 square feet of office space as well as a 350-square-foot ground-floor retail pavilion and a 2,400-square-foot open-air public concourse. The developer sought permits through the ULURP process and will build in compliance with the East Midtown sub-district regulations, with air rights purchased from the landmarked St. Bartholomew’s Church along Park Avenue. PAL Environmental Services is the general contractor and Rudin Management is the owner of the property, which is located at the corner of Madison Avenue and East 48th Street.
Construction is rising on 33 Franklin Street, a seven-story residential building in Greenpoint, Brooklyn. Designed by StudiosC and developed by Yidel Hirsch under the Franklin 33 LLC, the 80-foot-tall structure will yield 95,000 square feet with 80 units, with a portion dedicated to affordable housing, as well as ground-floor retail space and parking for 32 vehicles. The property is alternately addressed as 82 Calyer Street and is bound by Calyer Street to the north, Quay Street to the south, and Franklin Street to the east.