Renderings Revealed for The Torch at 740 Eighth Avenue in Midtown, Manhattan

Renderings have been revealed for The Torch, a 1,067-foot mixed-use supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story structure will span 875,372 square feet and yield an 825-room hotel on the lower half and a public outdoor observation deck with a drop ride attraction above. The property will also feature lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the project, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

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Housing Lottery Launches for 3831 Carpenter Avenue in Williamsbridge, The Bronx

The affordable housing lottery has launched for 3831 Carpenter Avenue, a six-story mixed-use building in Williamsbridge, The Bronx. Designed by Node Architecture Engineering Consulting and developed by Alban Haxhari of KGCJ Development Corp., the structure yields 30 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,303 to $165,230.

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New Renderings Revealed For Wynn Resorts At Phase Two Of Hudson Yards 

Wynn Resorts revealed a series of new renderings for its proposed casino and hotel location within phase two of Hudson Yards. Developed with Related Companies, the master plan, expected to cost $12 billion, consists of multiple skyscrapers that will additionally yield space for 1,500 apartments, two million square feet of office space, a public school, and a daycare center. The master plan is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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