Construction is finally coming to a close on Madison House, a 62-story residential skyscraper at 126 Madison Avenue in the Midtown, Manhattan district of NoMad. Designed by Handel Architects and developed by Fosun Group and JD Carlisle, the 805-foot-tall structure yields 199 condominiums with sales led by Douglas Elliman Development Marketing. The property is alternately addressed as 15 East 30th Street and rises from a plot bound by East 31st Street to the north, East 30th Street to the south, and Madison Avenue to the east.
Construction is full swing on the Terminal Warehouse, a seven-story commercial conversion at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project will overhaul the 121-year-old warehouse structure and yield a mix of Class A office suites, retail space, and dining options. L&L and Normandy Real Estate Partners purchased the Terminal Warehouse in 2018 for $880 million, and CBRE helped to arrange construction funding from the Blackstone Real Estate Debt Strategies platform, Goldman Sachs, KKR, and Oaktree Capital Management. New Line Structures & Development is the general contractor for the property, which is bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.
The first phase of the Bedford Green House affordable housing project is now complete at 2865 Creston Avenue in Bedford Park, The Bronx. Designed by ESKW Architects and developed by Project Renewal with support from New York City’s Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC), the development comprises 117 affordable and supportive homes, including 71 apartments set aside for households and individuals that previously experienced homelessness, families impacted by mental illness and substance abuse, and people living with HIV and AIDS. The remaining 46 apartments are reserved for low-income households earning up to 60 percent area median income (AMI).
Permits have been filed for a seven-story residential building at 806 E 170th Street in Foxhurst, The Bronx. Located between Prospect Avenue and Bristow Street, the lot is near the Freeman Street subway station, serviced by the 2 and 5 trains. Charles Schwartz of CNC Developers is listed as the owner behind the applications, who also filed permits for a four-story development nearby at 1395 Bristow Street in April.
Construction is wrapping up on Lyra NYC, a 52-story residential skyscraper at 555 West 38th Street in Hudson Yards. Designed by Pelli Clarke Pelli Architects with SLCE Architects as the architect of record and developed by Rockrose, the 570-foot-tall tower will yield 598 rental units in studio to two-bedroom layouts. Site C GC is the general contractor for the property, which is located along Eleventh Avenue between West 38th Street and West 39th Street, directly across from the Jacob K. Javits Center.