540 West 21st Street Remains Stalled in Chelsea, Manhattan

8:00 am on November 22, 2023 By Michael Young and Matt Pruznick

The fourth entry on our Turkey Week rundown of stalled projects is 540 West 21st Street, a 20-story mixed-use building in Chelsea, Manhattan. Designed by Adamson Associates and originally developed by Casco Development Corp. under the 540 West 21st Street LLC, the 250-foot-tall structure was planned to yield 34 condominium units with an average scope of 3,370 square feet, as well as 43,510 square feet of commercial space. Suffolk Construction Company was the contractor for the project, which is located at the corner of West 21st Street and Eleventh Avenue, directly across from Hudson River Park.

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240 Nassau Street, by Cushman and Wakefield

Navy Yard Clubhouse Reinstates Youth Services at 240 Nassau Street in Fort Greene, Brooklyn

7:30 am on November 22, 2023 By Max Gillespie

Madison Square Boys & Girls Club and Alloy Development have announced a partnership to reestablish after-school services at the Navy Yard Clubhouse, located at 240 Nassau Street in Fort Greene, Brooklyn. This development follows Alloy’s acquisition of the property for $15 million and a $2 million donation to facilitate the temporary resumption of these important community services.

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Affordable Housing Lottery Launches for 5920 Bay Parkway in Mapleton, Brooklyn

7:00 am on November 22, 2023 By Vanessa Londono

The affordable housing lottery has launched for 60th and Bay, an eight-story mixed-use building at 5920 Bay Parkway in Mapleton, Brooklyn. Designed by S. Wieder Architects, the structure yields 44 residences. Available on NYC Housing Connect are 14 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $54,858 to $198,250.

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Permits Filed for 53 Stanhope Street in Bushwick, Brooklyn

6:30 am on November 22, 2023 By Vanessa Londono

Permits have been filed to convert a two-story structure into a four-story residential building at 53 Stanhope Street in Bushwick, Brooklyn. Located between Central and Evergreen Avenues, the interior lot is near the Central Avenue subway station, serviced by the M train. Arkady Nagorev of Crown Hall LLC is listed as the owner behind the applications.

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JPMorgan Celebrates the Topping Out of its Supertall Headquarters at 270 Park Avenue in Midtown East, Manhattan

8:00 am on November 21, 2023 By Michael Young and Matt Pruznick

Construction has structurally topped out on 270 Park Avenue, JPMorgan Chase‘s 1,388-foot supertall headquarters in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and is the tallest project currently underway in New York. AECOM Tishman is the general contractor for the property, which spans a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

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