Construction is coming to a close on 111 West 57th Street, a 1,428-foot supertall residential skyscraper in Midtown, Manhattan and number three on YIMBY’s December countdown of the tallest buildings being built in New York City. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, 111 West 57th Street will yield just 60 condominiums with interiors designed by Studio Sofield and marketed by Douglas Elliman Development Marketing. The project is located on Billionaires’ Row between Sixth and Seventh Avenues, and is almost perfectly aligned with the centerline of Central Park.
The InHouse Group has sold all available condominiums at 533 Throop, a new condominium property in Stuyvesant Heights, Brooklyn. Located at 533 Throop Avenue, the property houses a pair of townhouse-style, triplex condominiums, each with private outdoor space.
The affordable housing lottery has launched for Peninsula Building 1B, a 14-story mixed-use building at 720 Tiffany Street in Hunts Point, The Bronx. Designed by WXY Architecture + Urban Design and developed jointly by Gilbane Development Company, Hudson Companies, and the Mutual Housing Association of New York, the structure is the first of four new developments bringing 740 affordable units to the area. Available on NYC Housing Connect are 164 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,772 to $118,400.
Permits have been filed for a five-story residential building at 308 14th Street in Park Slope, Brooklyn. Located between 5th and 6th Avenues, the lot is near the Prospect Avenue subway station, serviced by the R train. Nechemia Weinberger of Soft Stone Development is listed as the owner behind the applications.
Superstructure work is continuing for 270 Park Avenue, JPMorgan Chase‘s upcoming 1,388-foot, 70-story supertall headquarters in Midtown East and number four on our year-end construction countdown. The project spans a full block between Park and Madison Avenues and 47th and 48th Streets, and will yield 2.5 million square feet of office space.