Back in October of 2015, the four-story townhouse at 253 East 7th Street, in the East Village, was being demolished for a new residential project. Since then, demolition work has been completed, and the developer, BSD Realty, has refiled for applications under a different architect. Issac & Stern Architects is now designing the project, which will rise six stories and contain six residential units. The structure would measure 10,466 square feet and its units should average a spacious 1,498 square feet apiece, indicative of condominiums. There will be roughly one unit per floor, except a single apartment will share space with other units on the ground and second floors, and the sixth-floor unit will feature space on an upper penthouse level.
Hines and Welltower Inc. are planning a 15-story senior-housing facility at 139 East 56th Street, located at the corner of Lexington Avenue in Midtown East. The duo recently acquired the site, which is currently occupied by a two-story, 7,000-square-foot commercial building, for an undisclosed amount, according to Bloomberg. The planned structure would feature assisted-living units and memory car services, although the number of units plan is not currently known. The existing building will be demolished, although a TGI Fridays restaurant must first vacant the premises.
The developer and architect behind one of the most striking new developments in New York City showed off its signature feature on Wednesday. They also revealed its new name. 626 First Avenue, a product of JDS Development and SHoP Architects located at East 36th Street in what you would have to call Murray Hill, will hence forth be known as the American Copper Buildings.
Seven months after the City Planning Commission opened up public review for the East New York rezoning, the City Council has voted to approve the controversial plan to redevelop the Brooklyn neighborhood.
Uncertainty over the future of an important tax exemption for residential construction, 421-a, is forcing developers in the outer boroughs to focus on building office and retail space. The latest example comes to us from East Williamsburg, where the Loketch Group aims to put up a six-story office and medical building.