The Department of Buildings has awarded Norman Foster’s 425 Park Avenue a temporary certificate of occupancy, or TCO, signaling imminent completion of the commercial skyscraper in Midtown East. From developers L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story office tower comprises around 667,000 square feet.
Exterior work is nearing completion on Graydon Chelsea, a 16-story residential building at 128 West 23rd Street in Chelsea. Designed by Kutnicki Bernstein Architects and developed by Valyrian Capital and Pan Brothers, the 40,230-square-foot structure will yield 30 units, averaging 1,200 square feet apiece. The property is located between Sixth and Seventh Avenues.
The Department of Buildings recently granted a Temporary Certificate of Occupancy to CAVU Property Group for its latest condominium building in Crown Heights. Located at 552 Prospect Place, the property offers a collection of 22 residences ranging from one- to three-bedroom layouts.
The affordable housing lottery is open for 1381 Bergen Street, a four-story residential development in Crown Heights, Brooklyn. Designed by Oleg Ruditser, the 6,647-square-foot building will yield eight units. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income, ranging in eligible income from $76,286 to $159,640.
The first steel beams of JP Morgan Chase‘s 1,425-foot supertall have begun to rise at 270 Park Avenue as work continues on the demolition of its 52-story former headquarters in Midtown East. The new steelwork is being assembled on the Madison Avenue-facing side of the parcel, where a low-rise podium once stood, while the main 707-foot-tall skyscraper formerly known as the Union Carbide Building continues its descent toward Park Avenue. The new tower will eventually span the entire block between East 47th and 48th Streets from Park to Madison Avenues and yield 2.5 million square feet of office space.