New York YIMBY

41-08 Crescent Street Readies for Excavation in Astoria, Queens

7:30 am on April 9, 2024 By Michael Young and Matt Pruznick

Excavation is set to begin at 41-08 Crescent Street, the site of a planned residential tower in Long Island City, Queens. YIMBY last reported that the property would give rise to a 17-story, 189-foot-tall structure designed by Dan Ionescu Architects, developed by Forte Italia LLC, and owned by TPEC Management. However, it appears that the scope of the project may have changed under the new ownership of The Pecora LLC. WMCM LLC is the general contractor for the property, which is bound by 41st Avenue to the northeast, 24th Street to the northwest, and Crescent Street to the southeast.

Rendering of 120 East 144th Street, via Beitel

Construction Loan Secured For 120 East 144th Street In Mott Haven, The Bronx

7:00 am on April 9, 2024 By Max Gillespie

The Beitel Group has secured a $150 million loan for the development of 120 East 144th Street, a new residential project in Mott Haven, The Bronx. The funding, which was supplied by SCALE Lending, will support the construction of the 13-story, 450-unit property.

Permits Filed for 117 East 15th Street in Gramercy Park, Manhattan

6:30 am on April 9, 2024 By Vanessa Londono

Permits have been filed to convert a five-story mixed-use structure into a six-story commercial building at 117 East 15th Street in Gramercy Park, Manhattan. Located between Union Square East and Irving Place, the lot is one block from the 14th Street-Union Square subway station, serviced by the 4, 5, 6, L, N, Q, R, and W trains. Alex Lee is listed as the owner behind the applications.

270 West 96th Street courtesy of Fetner Properties

266 West 96th Street Finishes Construction on Manhattan’s Upper West Side

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

Construction is wrapping up on 266 West 96th Street, a 23-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Fetner Properties, the 235-foot-tall structure yields 171 rental units with 68 dedicated to affordable housing, as well as 8,961 square feet of community facility space. Urban Atelier Group is the general contractor for the property, which is located on an interior lot between West End Avenue and Broadway.

Demolition Wraps Up At 200 East Tremont Avenue in Mt. Hope, The Bronx

7:30 am on April 8, 2024 By Michael Young

Demolition work is nearing completion at 200 East Tremont Avenue in the Mt. Hope neighborhood of The Bronx. 200 East Tremont JV LLC is listed as the owner and Xolle Demo LLC is the general contractor for the property, which spans a quarter of an acre at the corner of East Tremont Avenue and Monroe Avenue, just to the east of the Grand Concourse. No information has been revealed for the forthcoming development, as only demolition permits have been filed thus far. The land currently remains zoned for commercial development.

New Levain storefront at 122 Fifth Avenue, courtesy of The Bromley Companies

Levain Bakery Opens New Location At 122 Fifth Avenue In Union Square, Manhattan

7:00 am on April 8, 2024 By Max Gillespie

The Bromley Companies recently announced the grand opening of a new Levain Bakery at 122 Fifth Avenue in Union Square, Manhattan. The 3,000-square-foot space is Levain Bakery’s seventh location in the city. It was celebrated by the introduction of a new Black & White Chocolate Chip cookie, inspired by the classic New York City dessert.

Housing Lottery Launches for 714 East 217th Street in Williamsbridge, The Bronx

6:30 am on April 8, 2024 By Vanessa Londono

The affordable housing lottery has launched for 714 East 217th Street, a four-story residential building in Williamsbridge, The Bronx. Designed by Baobab Architects and developed by Shaya Seidenfield, the structure yields 17 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.

32 West 48th Street Begins Ascent in Midtown, Manhattan

8:00 am on April 7, 2024 By Michael Young

Construction is rising on 32 West 48th Street, a 31-story hotel tower in Midtown, Manhattan’s Diamond District. Designed by SLCE Architects and developed by Extell, the 456-foot-tall structure will span 213,158 square feet and yield 534 guest rooms with an average scope of 316 square feet. AECOM Tishman is the general contractor for the project, which is located between Fifth and Sixth Avenues, directly south of Rockefeller Center, with a narrow annex extending south to West 47th Street.

Demolition Work Underway At 1448 Third Avenue On Manhattan’s Upper East Side

7:30 am on April 7, 2024 By Michael Young

Demolition work is moving along at 1448 Third Avenue, the site of an upcoming 39-story residential tower in the Yorkville section of Manhattan’s Upper East Side. Designed by CetraRuddy Architecture and developed by Douglaston Development under the 170 E 83 Owner, LLC, the 478-foot-tall structure will span 287,632 square feet and yield 125 units with an average scope of 1,804 square feet, as well as 40,864 square feet of commercial space and 21,224 square feet of community facility space. There will also be a cellar level and a 20-foot-long rear yard. Levine Builders is the general contractor for the property, which is alternately addressed as 170 East 83rd Street and bound by Third Avenue to the east, East 82nd Street to the south, and East 83rd Street to the north. Only the southern half of the building will be demolished.

Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Announces Proposal To Lift Floor-To-Area Ratio For New Developments

7:00 am on April 7, 2024 By Max Gillespie

Mayor Eric Adams has announced a new initiative within the “City of Yes for Housing Opportunity” proposal that seeks to generate tens of thousands of affordable homes in New York City. The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones. The proposal is seeking to lift the floor-to-area-ratio cap in these areas, such as in Midtown, Manhattan.

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