Korean Cultural Center’s Distinctive Form Taking Shape at 122-126 East 32nd Street in Murray Hill

Construction is continuing on the Korean Cultural Center of NYC, a highly distinctive 120-foot-tall building at 122-126 East 32nd Street in Murray Hill. Designed by SAMOO Architecture PC for Level Group, the Consulate General of the Republic of Korea, NY, purchased the property for $15.8 million in March 2008, including the use of nearly 4,500 square feet of air rights. The project, which broke ground in June 2018, is planned to yield 36,500 square feet.

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Brooklyn Navy Yard Overview, rendering courtesy the Brooklyn Navy Yard Development Corporation

Brooklyn Navy Yard Development Corporation Secures A Wave of New Leases in Former Industrial Complex

Despite the anticipated slowdown of commercial real estate, Brooklyn Navy Yard Development Corporation, or BDNYC, is reporting more than 160,000 square feet of new commercial leases within the former industrial complex. This figure does not include an additional 81,000 square feet of lease renewals and an unspecified inventory in their 2021 pipeline.

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Kohn Pedersen Fox’s Brooklyn Point Nears Full Completion in Downtown Brooklyn

Work is nearing completion on Brooklyn Point, the borough’s tallest skyscraper at 720 feet and number 19 on our countdown of the tallest construction projects underway in the city. Developed by Extell and designed by Kohn Pedersen Fox with SLCE Architects as the architect of record, the 68-story residential tower is part of the City Point complex in Downtown Brooklyn and is formally addressed as 1 City Point and 138 Willoughby Street. The property will contain 458 units in studio to three-bedroom layouts, with interior design by Katherine Newman. Ryan Serhant and his newly established brokerage, SERHANT, will handle sales for the homes, which will range from $850,000 to nearly $4 million.

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Demolition Progresses Rapidly at 116 Second Avenue, Site of East Village Fire

Demolition of the vacant 15-unit, five-story tenement building at 116 Second Avenue is underway after last Sunday’s massive six-alarm fire in the East Village that devastated the adjacent and historic 128-year-old Middle Collegiate Church. The building is now entirely razed and the site has been mostly cleared, with only a pile of brick remaining on the eastern end of the property.

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