New York YIMBY

The Alloy Block’s 505 State Street Approaches Completion in Downtown Brooklyn

8:00 am on December 13, 2023 By Michael Young and Matt Pruznick

At number 19 on our year-end countdown of the tallest buildings under construction in New York is 505 State Street, a 482-foot-tall residential tower in The Alloy Block complex in Downtown Brooklyn. Designed and developed by Alloy Development, the 44-story structure will yield 441 rental units, with 45 reserved for affordable housing, and will be fully powered by electricity. The five-building Alloy Block master plan will comprise a total of 850 units with 200 permanently affordable apartments, 100,000 square feet of Class A office space, 50,000 square feet of retail space, 500 bicycle parking spaces, two Passive House public schools designed by Architecture Research Office, and space for a local cultural institution. Urban Atelier Group is the general contractor for 505 State Street, which was formerly addressed as 100 Flatbush Avenue and is bound by Flatbush Avenue to the northeast, Third Avenue to the northwest, and State Street to the southwest.

Hudson Companies Secures $28.3 Million Restructure for House No.94 at 94 North 3rd Street in Williamsburg, Brooklyn

7:30 am on December 13, 2023 By Max Gillespie

The Hudson Companies has closed a $28.3 million capital restructuring deal for House No.94, a five-story residential building at 94 North 3rd Street in Williamsburg, Brooklyn. The transaction, brokered by Newmark Holdings, involved financing from Voya Financial and a new joint venture with Meadow Partners.

Affordable Housing Lottery Launches for 209 North 11th Street in Williamsburg, Brooklyn

7:00 am on December 13, 2023 By Vanessa Londono

The affordable housing lottery has launched for 209 North 11th Street, a seven-story mixed-use building in Williamsburg, Brooklyn. Designed by MHM Engineering and developed by Yisroel Greenfeld, the structure yields 53 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $113,726 to $165,230.

Permits Filed for 301 Stockholm Street in Bushwick, Brooklyn

6:30 am on December 13, 2023 By Vanessa Londono

Permits have been filed for a four-story residential building at 301 Stockholm Street in Bushwick, Brooklyn. Located between Irving Avenue and Wyckoff Avenue, the lot is one block from the DeKalb Avenue subway station, serviced by the L train. Xiao Yong Lin of Global Team NY Inc. is listed as the owner behind the applications.

58 West 39th Street Resumes Construction in Midtown, Manhattan

8:00 am on December 12, 2023 By Michael Young and Matt Pruznick

The 20th-tallest building on our year-end construction countdown is 58 West 39th Street, a 475-foot-tall hotel tower in Midtown, Manhattan. Designed by Marin Architects and developed by Wei Hong Hu of H Hotel LLC, the 42-story structure will yield 177 guest rooms and amenities including a restaurant and an outdoor bar. City Cross Construction Corp. is the general contractor for the property, which is located on a narrow plot between Fifth and Sixth Avenues, one block below Bryant Park.

Columbia University’s 600 West 125th Street Nears Completion in Manhattanville, Manhattan

7:30 am on December 12, 2023 By Michael Young and Matt Pruznick

Construction is nearing the finish line on 600 West 125th Street, a 34-story tower on Columbia University‘s Manhattanville campus. Designed by Renzo Piano Building Workshop and CetraRuddy Architecture and developed by the Trustees of Columbia University, the 403-foot-tall structure will span roughly 182,000 square feet and yield 142 residences for graduate students and faculty, as well as 5,000 square feet of retail space. LERA is the structural engineer, Thornton Tomasetti is the façade consultant, and Pavarini McGovern is the general contractor for the property, which is located at the corner of Broadway and West 125th Street, adjacent to the elevated 125th Street station serviced by the 1 train.

MarcumAsia to Expand Headquarters At 7 Penn Plaza In Chelsea, Manhattan

7:00 am on December 12, 2023 By Max Gillespie

The Feil Organization has announced that multinational accounting and consulting services firm Marcum Asia CPAs LLP is expanding its headquarters at 7 Penn Plaza, an 18-story commercial building at 370 Seventh Avenue in Chelsea. The firm will add 8,851 square feet of office space to its existing footprint, bringing its total occupancy to 14,870 square feet on the eighth floor for the next decade.

Housing Lottery Launches for 488 Marcus Garvey Boulevard in Bed-Stuy, Brooklyn

6:30 am on December 12, 2023 By Vanessa Londono

The affordable housing lottery has launched for 488 Marcus Garvey Boulevard, a six-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by Richard Bienenfeld Architecture and developed by Seventh Street Development Group, the structure yields 18 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 $80,572 to $165,230.

Foundations Underway For Rolex USA Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on December 11, 2023 By Michael Young and Matt Pruznick

At number 21 on our annual year-end construction countdown is the Rolex USA headquarters, a 469-foot-tall commercial building at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. Pavarini McGovern is the general contractor for the property, which is located at the corner of Fifth Avenue and East 53rd Street.

One Times Square Tops Out in Times Square, Manhattan

7:30 am on December 11, 2023 By Michael Young and Matt Pruznick

Officials and crews recently celebrated the topping out of One Times Square, a 26-story commercial tower at 1475 Broadway in Times Square. Designed by S9 Architecture with SLCE as the architect of record and developed by Jamestown, the $500 million project involves the full gut renovation and exterior re-cladding of the 119-year-old, 395-foot-tall structure, along with the addition of new LED displays and public viewing decks with platforms that will overlook the famous crossroads. R&R Scaffolding Companies will supply the BMU and Turner Construction Company is the general contractor for the property, which is located on a trapezoidal plot bound by West 43rd Street to the north, West 42nd Street to the south, Broadway to the east, and Seventh Avenue to the west.

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