Construction has passed the halfway mark on 155-165 West 29th Street, a 17-story self-storage facility in Chelsea, Manhattan. Designed by Mancini Duffy and developed by Highland Development Ventures LLC and The Davis Companies, the 223-foot-tall structure will yield 180,000 square feet and 6,300 units. The developers acquired the property in early 2021 for $62.5 million, and construction costs are estimated at $84 million. Div West 29th Street LLC is the owner, Cauldwell Wingate is the contractor, and McNamara Salvia is the structural engineer for the property, which is located between Sixth and Seventh Avenues.
Developers Alpine Residential and Fields Grade have launched leasing for The Hazel Stamford, a new rental property at 44 John Street in Stamford, Connecticut. Available apartments include a mix of studio and one-bedroom apartments with monthly rents starting in the mid $2,000s. All of the homes feature 9-foot ceiling spans, hardwood flooring, in-home washer and dryers, smart-lock entry, and name-brand fixtures and appliances.
The affordable housing lottery has launched for 485 East 28th Street, a six-story mixed-use building in East Flatbush, Brooklyn. Designed by Vikatos Architect and developed by Balanced Living Development, the structure yields 17 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $187,330.
Construction has topped out on 35 Commercial Street, a 22-story residential building in the Greenpoint Landing master plan in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Park Tower Group along with Greenpoint Landing Associates, New York City’s Housing Preservation & Development (HPD), and the Housing Development Corporation (HDC), the 344,463-square-foot structure will yield 373 affordable housing units spread across 311,471 square feet, as well as 7,600 square feet of commercial space. Monadnock Construction is the general contractor for the property, which is located at the intersection of Bell Slip to the west and Commercial and Clay Streets to the south.
The New York City Housing Development Corporation (NYCHDC) will soon relocate to the Equitable Building, a historic office tower at 120 Broadway in Manhattan’s Financial District. As the agency’s new headquarters, the two-floor suite totals more than 109,000 square feet on the building’s second and third floors.