Over a year ago, Blesso Properties shelled out $33 million for the former Lincoln Savings Bank site at 525 Broadway, next to the elevated subway tracks in Williamsburg. Now they’ve filed plans for a 27-story, mixed-use building that will be nearly evenly divided between apartments and office space.
Earlier this year, the city paid $53 million to acquire the property at 1 North 12th Street, located between North 12th and 14th streets along Kent Avenue on the border of Greenpoint and Williamsburg, with plans to convert the site into public park space. The city has now agreed to pay $160 million for the 11-acre CitiStorage site, located between North 10th and 12th streets at 5 North 11th Street, Crain’s reported.
Construction is now underway on the 12th floor of Memorial Sloan Kettering Cancer Center’s 22-story, 750,000-square-foot David H. Koch Center for Cancer Care facility at 530 East 74th Street, located on the corner of the FDR Drive on the Upper East Side. Progress on the project can be seen thanks to photos posted to the YIMBY Forums. At 524 East 74th Street, work still appears to be ongoing below-grade where a 16-story, 403,000-square-foot academic facility is underway for the City University of New York and the Hunter College School of Nursing. The buildings, which will stand 447 feet and 341 feet to their pinnacles, respectively, are designed by Perkins Eastman and Ennead Architects. Completion is expected in 2019.
At a City Council hearing today, the Department of Housing Preservation and Development endorsed a pair of bills that would require annual audits to crack down on builders who are skirting affordable housing requirements in the 421-a property tax exemption program.
The 41-story, 977,745-square-foot mixed-use tower known as 3 Park Avenue, located between East 33rd and 34th streets in Midtown South, is set to receive a $30 million renovation. The 556-foot-tall tower’s lobby will be redesigned, the exterior will be modernized, and its 25,000 square feet of retail will see renovations. Other aspects of the project include renovations to the hallways and common areas, and upgraded mechanical infrastructure, Commercial Observer reported. Pelli Clarke Pelli Architects is designing the renovation, with AREA Architects responsible for redesigning the lobby.
