Excavation is progressing at 520 Fifth Avenue, site of a 76-story mixed-use supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina Properties, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the 995-foot-tall, 507,608-square-foot structure will yield 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the project, which is located on a 10,625-square-foot lot at the corner of Fifth Avenue and West 43rd Street.
Demolition is underway at 123-141 West 57th Street, the site of a forthcoming 26-story, 185,000-square-foot office tower along Billionaires’ Row in Midtown, Manhattan. The site is located between Sixth and Seventh Avenues, surrounded by Christian de Portzamparc’s One57 and SHoP Architects‘ 111 West 57th Street. It was recently reported that Alchemy Properties and ABR Partners closed a $120 million deal to purchase the property, which was owned by Calvary Baptist Church and includes the adjacent 16-story, 153-foot-tall Salisbury Hotel. ABR Partner’s equity partner, Cain International, had brought on Security Benefit Life as the new lender. The total construction cost for the project is estimated to be roughly $350 million.
Federal Realty Investment Trust is leading a full redevelopment of Huntington Shopping Center, a major retail destination in Dix Hills, Long Island. The scope of work includes the construction of a new Whole Foods Market, enhancements and repairs to the existing surface-level parking lot, the installation of benches and public seating, and three new vehicular and pedestrian entrances.
Permits have been filed for an eight-story residential building at 711 Franklin Avenue in Crown Heights, Brooklyn. Located at the intersection of Franklin Avenue and Park Place, the corner lot is within walking distance of the Franklin Avenue-Medgar Evers College subway station, serviced by the 2, 3, 4, and 5 trains. Oren Sauberman under the RW 705 Franklin LLC is listed as the owner behind the applications.
The Upper West Side’s top-selling new development, 200 Amsterdam, has shared with YIMBY that a new penthouse designed by Studio Mellone will be unveiled in the coming months. As a part of the building’s Penthouse Collection, the residence sits amongst the top floors of the 52-story, 668-foot-tall, 112-unit, and 300,000-square foot condominium tower, which is located on the corner of 69th Street and Amsterdam Avenue. The Art Deco-inspired tower was designed by Elkus Manfredi Architects, and developed by SJP Properties and Mitsui Fudosan America, with interior spaces by CetraRuddy. Closings are underway, and prices for available one- to five-bedroom residences starts at $3.1 million. The Penthouse Collection includes full-floor and duplex residences beginning at $17.9 million.