One Madison Avenue’s Façade Nears Completion in Flatiron District, Manhattan

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

Exterior work is nearing completion on One Madison Avenue, a 27-story commercial building in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the National Pension Service of Korea, and Hines, the project involves the gut renovation of an existing eight-story structure and the construction of a 19-story addition above its parapet, and will yield 1.4 million square feet of office space and ground-floor retail. NYC Constructors is building the expansion and AECOM Tishman is the construction manager for the property, which occupies a full block at the southeast corner of Madison Square Park between Madison Avenue, Park Avenue South, East 23rd Street, and East 24th Street.

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Governor Hochul Announces Construction of 698-Unit Development at 405-407 West 206th Street in Inwood, Manhattan

7:00 am on May 12, 2023 By Vanessa Londono

This week Governor Kathy Hochul announced the start of construction on a $416 million residential development in Inwood, Manhattan. The two-building, mixed-income project at 405 and 407 West 206th Street will bring nearly 700 apartments with 281 affordable units with free broadband internet, all-electric heating and cooling, and other sustainable features in line with the state’s climate goals. The development is a joint venture among LMXD affiliate of L+M Development Partners, MSquared, and Taconic Partners with the Community League of the Heights as the community sponsor, and Beyer Blinder Belle Architects responsible for design.

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Housing Lottery Launches for 641 East 28th Street in Flatbush, Brooklyn

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

The affordable housing lottery has launched for 641 East 28th Street, a seven-story residential building in Flatbush, Brooklyn. Designed by S. Wieder Architect and developed by David Sinay, the structure yields 36 residences. Available on NYC Housing Connect are 12 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $56,400 to $156,130.

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262 Fifth Avenue

262 Fifth Avenue Quickly Rises Over NoMad, Manhattan

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

Construction is quickly taking shape on 262 Fifth Avenue, a 54-story residential skyscraper in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 860-foot-tall structure will yield 41 condominium units. GEA Consulting Engineers are the MEP engineer of record, and CM & Associates Construction Management is the general contractor for the property, which is located at the southwest corner of Fifth Avenue and West 29th Street.

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