Planned Skyscraper at 131-141 East 47th Street Appears Stalled, Likely Another Casualty Of Chinese Capital Outflow Restrictions in Midtown East, Manhattan

8:00 am on November 24, 2018 By Michael Young

YIMBY’s recent reportage on a new wave of failed development sites has yet another likely addition. Renderings for the new look of 131-141 East 47th Street were revealed by YIMBY back in April of 2016, and since then, the site for the 49-story, 122-unit residential tower has been cleared of the previously extant structures. However, over two years post-demolition, work has appeared to come to a grinding halt, with no subsequent progress yet visible. The project is being developed by New Empire Real Estate, with SLCE Architects leading design, with the Chinese crackdown on capital outflows a likely explanation for the apparent pause in construction.

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105 Rogers Avenue in Crown Heights

New Residential Building with Self-Parking Garage Revealed at 105 Rogers Avenue in Crown Heights, Brooklyn

7:30 am on November 24, 2018 By Vanessa Londono

New construction permits have been filed for a seven-story residential building at 105 Rogers Avenue in Crown Heights, Brooklyn. The site is two blocks away from the Park Place subway station, serviced by the S train and six blocks away from the Franklin Avenue station, serviced by the 2, 3, 4, and 5 lines. Shahram Mobasser of Bellingham Estates 26 is listed as the owner on the applications, and today YIMBY also has a first look at renderings, with design by Z Architecture.

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118 East 59th Street Appears to Be Manhattan’s First Major Casualty of Chinese Capital Crackdown, in Midtown East

8:00 am on November 23, 2018 By Michael Young

The last update YIMBY had for 118 East 59th Street was back in July of 2015, when the SCDA Architects-designed tower launched its promotional website and renderings. Now, the Midtown East site has been cleared of the previous buildings that once stood, and is a partially excavated open pit, replete with its own lake and new surrounding greenery. Permits were filed for the 470-foot, 38-story residential tower back in September 2014. SLCE Architects is the architect of record, while SCDA is designing both the exterior and the interiors of the 29 residential units that were expected to span around 2,400 square feet each. The developer of the project is Hong Kong-based Euro Properties, however, given the site’s current condition three years after groundbreaking was anticipated, current plans may be scuttled.

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