Façade Work Continues on 125 West 57th Street in Midtown, Manhattan

8:00 am on December 4, 2024 By Michael Young and Matt Pruznick

At number 28 on our countdown of the tallest construction projects in New York is 125 West 57th Street, a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 420-foot-tall structure will span 260,000 square feet and yield 185,000 square feet of full-floor Class A office space, a dedicated amenities floor designed by Gensler, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. The project is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc’s One57 and SHoP Architects’ 111 West 57th Street.

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Rendering of 5055 Broadway, courtesy of Timber Equities

5055 Broadway Tops Out In Inwood, Manhattan

7:30 am on December 4, 2024 By Max Gillespie and Matt Pruznick

Construction has topped out on 5055 Broadway, an 11-story residential building in Inwood, Manhattan. Designed by Fischer + Makooi Architects and developed by Timber Equities, the 50,808-square-foot structure will yield 60 rental apartments in one- and two-bedroom layouts, with 15 reserved for affordable housing, as well as ground-floor retail space. The project replaces a former surface-level parking lot and is part of the Inwood Rezoning Plan, which is projected to create more than 4,000 affordable housing units by 2032.
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Housing Lottery Launches for Trylon Tower at 98-81 Queens Boulevard in Rego Park, Queens

7:00 am on December 4, 2024 By Vanessa Londono

The affordable housing lottery has launched for Trylon Tower, a 16-story residential building at 98-81 Queens Boulevard in Rego Park, Queens. Designed by SLCE Architects and developed by RJ Capital Holdings, the structure yields 170 residences. Available on NYC Housing Connect are 60 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $33,395 to $173,340.

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Permits Filed for 35 Otsego Street in Red Hook, Brooklyn

6:30 am on December 4, 2024 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building with senior housing at 35 Otsego Street in Red Hook, Brooklyn. Located between Creamer Street and Lorraine Street, the lot is near the Smith-9th Streets subway station, served by the F and G trains. Joel Braver of Express Builders JB Inc. is listed as the owner behind the applications.

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111 Willoughby Street’s Exterior Nears Completion in Downtown Brooklyn

8:00 am on December 3, 2024 By Michael Young and Matt Pruznick

The 29th-tallest building on our year-end construction countdown is 111 Willoughby Street, a 40-story mixed-use tower in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the 437-foot-tall structure will span 205,000 square feet and yield 227 rental units, a 20,000-square-foot ministry center for the St. Boniface parish, and 1,814 square feet of commercial space. The property is located by the intersection of Willoughby Street to the south and Duffield Street to the east.

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