One Madison Avenue’s Vertical Expansion Set to Begin in Flatiron District, Manhattan

A construction crane is now in position and ready for vertical progress on One Madison Avenue, a 27-story office tower expansion in Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the gut renovation of an existing eight-story building and structural addition above its roof level, bringing the structure up to 1.4 million square feet of Class A office space. The National Pension Service of Korea and Hines are also part of the development team and recently acquired $1.25 billion in construction financing for the property, which occupies a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South. The project team is aiming for both WELL and LEED Gold certification.



Housing Lottery Launches for 50 Nevins Street in Downtown Brooklyn

The affordable housing lottery has launched for 50 Nevins Street, a ten-story mixed-use building in Downtown Brooklyn. Designed by Dattner Architects and developed by the Institute for Community Living, the structure yields 129 residences. Available on NYC Housing Connect are 50 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $35,418 to $88,800.

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1841 Broadway Rises Quickly on Manhattan’s Upper West Side

Construction is rising on 1841 Broadway, a 25-story residential building on Manhattan’s Upper West Side. Designed by INC Architecture & Design with SLCE Architects as the architect of record and developed by Global Holdings Management Group, the 281-foot-tall structure will yield 180,813 square feet with 173 market rate and affordable housing units as well as 11,741 square feet of retail space on the first two levels. Pavarini McGovern, LLC is the general contractor and DeSimone Consulting Engineers is the façade consultant for the property, which is located at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwest corner of Central Park.

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