420 Kent Avenue

Spitzer Enterprises’ 24-Story Rental Towers Revealed At 420 Kent Avenue, Williamsburg

In December 2014, YIMBY reported on filings for mid-rise residential towers at 420 Kent Avenue, in western Williamsburg on the East River, and now The New York Times has renderings of Spitzer Enterprises’ development. The ODA-designed project will include three 24-story towers totaling 856 rental units and a public park. Filings show the buildings will also have retail space, and low-rise warehouse buildings must first be demolished.

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242 Broome Street

Excavation Begins On 14-Story, 50-Unit Mixed-Use Building At 242 Broome Street, Lower East Side

Earlier this year, YIMBY revealed renderings for the first phase of Essex Crossing, a multi-site mixed-use project on the Lower East Side being developed by L+M Development, Taconic Investment and BFC Partners. Bowery Boogie now reports excavation has begun on the first building, located at 242 Broome Street, where a SHoP-designed 14-story, 55-unit mixed-use building is planned. Splitsville Lanes will occupy the basement, and other retail space is also expected on the ground floor.

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Midtown East Rezoning

City Expected To Receive Midtown East Rezoning Recommendations This Summer

A committee assigned to propose changes for Midtown East’s zoning is expected to submit plans with the City by June 30th, hopefully facilitating a rezoning that would be formally crafted by the Department of Planning. The rezoning may give developers a boost in FAR in return for funding transit improvements. Also, developers may be able to transfer air rights from landmarked buildings to other properties within the district as-of-right, according The Wall Street Journal.

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