Levain Bakery Opens New Location At 122 Fifth Avenue In Union Square, Manhattan
Housing Lottery Launches for 714 East 217th Street in Williamsbridge, The Bronx
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
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
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.
Mayor Adams Announces Proposal To Lift Floor-To-Area Ratio For New Developments
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 The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones.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.
