Developers recently celebrated the grand opening of Magnolia DUMBO, a 21-story residential building at 160 Front Street in DUMBO, Brooklyn. Designed by Morris Adjmi Architects and developed by RXR Realty, the structure yields 320 rental apartments with marketing led by Douglas Elliman Development Marketing Group. New Line Structures served as the general contractor for the property, which is situated on a full block bound by Front Street to the north, York Street to the south, Bridge Street to the east, and Jay Street to the west.
Developers and elected officials recently celebrated the commencement of construction for Valley National Bank’s new headquarters in Morristown, New Jersey. From SJP Properties and Scotto Properties, the new office building will accommodate more than 660 employees and is expected to debut in spring 2023.
The affordable housing lottery has launched for 164-11 Highland Avenue, a three-story residential building in Jamaica Hills, Queens. Designed by Joseph Giannetti Architect and developed by Rey Nieto, the structure yields 12 residences and enclosed parking for 11 vehicles. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $58,286 to $187,330.
Permits have been filed to expand a two-story structure into a four-story building at 55 Clifford Place in Tremont, The Bronx. Located between Walton Avenue and Townsend Avenue, the lot is one block from the 174-175th Streets subway station, serviced by the B and D trains. Gil Broitman of Brooklyn Grid is listed as the owner behind the applications.
Excavation is underway at 403 East 79th Street, a 30-story medical office building in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell Development Company, the structure will yield 400,000 square feet of Class A space, with the Hospital for Special Surgery as the anchor tenant, occupying 200,000 square feet across the first eight levels. Ancora Engineering is the engineer of record and Lendlease is the general contractor for the property, which is alternatively addressed as 1522 First Avenue and is located along First Avenue between East 79th and East 80th Streets.