Excavation work is set to begin at 52 Fourth Avenue, the site of a nine-story residential building in Boerum Hill, Brooklyn. Designed by Gertler & Wente Architects and developed by Metropolitan Realty Exemptions under the RJ 4th Avenue LLC, the 55,000-square-foot structure will yield 52 rental apartments averaging 775 square feet apiece, as well as a cellar and ground-floor retail space. It was last reported that the units will come in a mix of one- and two-bedroom layouts and a select number of apartments will have their own private outdoor spaces. There will be four penthouses on the upper levels, each with its own outdoor space. Real Land Group is the general contractor for the property, which is located at the corner of Dean Street and Fourth Avenue.
BFC Partners has revealed MRKTPL, a new 15,000-square-foot culinary market at Empire Outlets in St. George, Staten Island. The first phase of retailers at MRKTPL are now open for business with the official grand opening set for later this year.
The affordable housing lottery has launched for 2026 Walton Avenue, an eight-story residential building in Tremont, The Bronx. Designed by Fred Geremia Architects & Planners and developed by G & E Walton Developers, the structure yields 43 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $44,400 to $167,570.
Renovation work continues to progress on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the replacement of the 53-year-old structure’s façade with a modern glass curtain wall. The 412-foot-tall, 1.61 million-square-foot tower was originally designed by Charles Luckman Associates and stands along Seventh Avenue between West 31st and 33rd Streets. PENN 2 is immediately to the east of Madison Square Garden and is one component within the Penn District revitalization scheme that calls for the construction and redevelopment of several buildings surrounding Penn Station in the coming years. Turner Construction Company is the general contractor for the project.
Excavation and piling work is underway at 29 Jay Street, the site of an 11-story commercial building in the DUMBO Historic District of Brooklyn. Designed by Marvel Architects and developed by Jay Street Office LLC, the 150-foot-tall building will yield office space at the corner of Jay and Plymouth Streets. Sciame Construction LLC is the general contractor for the project.