The Jay Group has closed on a $92 million construction loan to complete an 18-story rental building at 401 West 207th Street in Inwood, Manhattan. Initial permits filed with the Department of Buildings in 2022 listed the address as 3880 Ninth Avenue and named JFA Architects & Engineers as architect of record.
The affordable housing lottery has launched for 1258 Shakespeare Avenue, a seven-story residential building in Highbridge, The Bronx. Designed by Nikolai Katz Architect and developed by Skyrock NYC Development, the structure yields 90 residences. Available on NYC Housing Connect are 19 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,178 to $165,230.
Permits have been filed to expand a three-story structure into a four-story residential building at 463 Dekalb Avenue in Bedford-Stuyvesant, Brooklyn. Located at the intersection of Dekalb Avenue and Kent Avenue, the corner lot is one block from the Classon Avenue subway station, serviced by the G train. Yosef Eliav is listed as the owner behind the applications.
Façade installation 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 glass-clad addition above its roof 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 city block at the southeast corner of Madison Square Park between Madison Avenue, Park Avenue South, East 23rd Street, and East 24th Street.
Construction has topped out at 40 West 137th Street, site of the new NYC Public Health Laboratory building in Harlem. The facility broke ground in 2022 and will create new facilities for specialized medical training, a 200-seat community auditorium, and the walk-in Harlem Express STI screening facility.
Designed by Skidmore, Owings & Merrill, the ten-story building comprises roughly 240,000 square feet and is expected to achieve LEED Silver certification. Renderings of the property illustrate a stepped glass volume that slowly cantilevers out above a masonry-clad podium. A void between the two will include an outdoor podium with seating and planters.
