One Vanderbilt

SL Green’s One Vanderbilt Moves Another Step Closer to Reality

The City Council has voted to approve the re-zoning of a five-block stretch of Vanderbilt Avenue in Midtown East, per Capital New York. SL Green’s proposed 67-story, 1,501-foot-tall  One Vanderbilt is the first building to maneuver the rezoning, and a full-council vote could come as early as the end of May. SL Green is funding $220 million in transportation improvements for Grand Central, and completion is expected in 2020.

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63-33 Alderton Street

Two-Family Building Developments Replace Underutilized Lots in Rego Park, Laurelton

Two more applications have been filed that would replace another single-family structure in the neighborhood of Rego Park, and Laurelton, an even rarer vacant lot, in central and eastern Queens, respectively. The burgeoning demand for residential units makes it more attractive to redevelop lots that would otherwise remain single-family homes.

The property owner of the single-family home at 63-33 Alderton Street, in Rego Park, has filed applications for a two-story, two-family building measuring 2,405 square feet. The existing structure will be utilized and expanded upon during construction, and Chang Hwa Tan is designing.

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