Demolition has begun at 550 Tenth Avenue, the site of a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot structure will yield 453 units, with 316 market-rate and 137 moderate- and middle-income homes, as well as 9,000 square feet of retail space and over 20,000 square feet of amenities. The building will also house 26,764 square feet of administrative office space for Covenant House. Wells Fargo and US Bank provided a $212 million construction loan and Lionheart Strategic Management assisted with $35 million in mezzanine financing for the project, which is located along Tenth Avenue between West 40th and 41st Streets.
Extell Development has broken ground on Hudson Piers, a $585 million project that will rank among the largest mixed-use developments in Westchester. Located on the Hudson River waterfront in Yonkers, Hudson Piers will yield a mix of market-rate housing, affordable apartments, and retail space, and will be completed in multiple phases over a six-year period.
Permits have been filed to enlarge a two-story structure into a 10-story mixed-use building at 134-16 35th Avenue in Flushing, Queens. Located between Prince Street and Farrington Street, the lot is within walking distance of the Main Street subway station, serviced by the 7 train. Hanjun Bai of H&Z Building Corp. is listed as the owner behind the applications.
The affordable housing lottery has launched for 25-28 30th Drive, a six-story residential building in Astoria, Queens. Designed by Gerald Caliendo and developers are Salvatore Lucchese and Philip Loria with The L Group, the structure yields 10 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $187,330.
Façade installation continues on 451 Tenth Avenue, a 45-story residential skyscraper in Hudson Yards. Designed by Handel Architects, developed and constructed by Related Companies, and co-developed with Spitzer Enterprises, the 587-foot-tall structure will yield an undisclosed number of rental units as well as a restaurant, a new Equinox fitness center, and a senior living facility by Atria Senior Living called Coterie Hudson Yards. March and White Design (MAWD) is serving as the interior designer for the senior homes at the building, which rises from a 17,280-square-foot L-shaped plot at the corner of Tenth Avenue and West 35th Street.