281 5th Avenue

51-Story Luxury Residential Tower at 281 Fifth Avenue to Break Ground by 2016

Lend Lease has purchased a stake at Victor Group’s planned residential development at 281 5th Avenue, in Midtown South, according to Crain’s Business. First brought to you by YIMBY last December, a 51-story, 140-unit mixed-use tower — to span 250,000 square feet and stand 750 feet — is planned for the 30th Street site. Although the size of Lend Lease’s stake is unknown, the project will total $400 million, and ground breaking is expected this year. Multiple existing low-rise structure must first be demolished, and the final design has not yet been revealed.

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131-10 and 131-32 avery avenue flushing queens

Permits Filed: 131-10 & 131-12 Avery Avenue, Flushing

The commercially zoned no man’s land around Flushing Meadows Park and Willets Point has seen a big uptick in development, as longtime property owners prepare for the planned $3 billion redevelopment of the auto body shops next to Citi Field. New building applications were filed today for two properties nearby at 131-10 and 132-32 Avery Avenue, just east of Flushing Meadows Park between 131st Street and College Point Boulevard.

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