Work is nearing completion on One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the $1.5 billion venture is the largest office-to-residential conversion in New York City history and will yield 566 condominiums as well as a 44,000-square-foot Whole Foods Market and a four-floor, 75,000-square-foot Life Time fitness center on the lower levels. The project also involved the construction of a multi-story expansion above the mid-century annex to the 91-year-old structure. Compass Development Marketing Group is handling sales and marketing with a gallery located within the famous Red Room. JT Magen is the general contractor for the property, which is bound by Broadway to the west, Wall Street to the north, Exchange Place to the south, and New Street to the east.
Construction is now topped out at One Grove, a new 12-story residential property in Jersey City. Located at 221 Grove Street in the city’s Liberty Harbor neighborhood, One Grove is the latest project from Strategic Capital, the real estate investment and development platform of China Construction America.
The affordable housing lottery has launched for 1537, 1539, and 1541 Dean Street, three four-story residential buildings in Crown Heights, Brooklyn. Designed by Asher Hershkowitz Architect and developed by Joseph Schlafrig of WMGT Construction, the structures yield 18 residences in total. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $187,330.
Permits have been filed to convert a two-story structure into a four-story residential building at 1670 Townsend Avenue in Mount Hope, The Bronx. Located between Clifford Place and East 174th Street, the lot is steps from the 174-175 Streets subway station, serviced by the B and D trains. Joseph Safdie of JB Construction & Design is listed as the owner behind the applications.
YIMBY captured the recent construction progress on The Bellemont, a topped-out 13-story residential building addressed as 1165 Madison Avenue on Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects with SLCE Architects as the architect of record and developed by Naftali Group, the ground-up 120-foot-tall reinforced concrete superstructure will yield a total of 67,680 square feet with 12 condominiums and 3,749 square feet of ground-floor retail space. Titanium Construction Services is the general contractor for the mixed-use residential project, which is located at the corner of Madison Avenue and East 86th Street. Compass Development Marketing Group is handling sales and marketing, and Achille Salvagni is the interior designer.