Construction is nearing topping out on Turken House, a 21-story mixed-use building at 300 East 41st Street in the Midtown, Manhattan neighborhood of Murray Hill. Designed by Perkins + Will for a non-profit company called The Turken Foundation, the nearly 80,000-square-foot structure will stand 227 feet tall and provide Turkish students with 82 turnkey residences, both single- and double-occupancy quarters, and help with scholarships and job opportunities in the United States. 300 East 41st Street is located at the corner of East 41st Street and Second Avenue, near both the United Nations and Grand Central Terminal, and was previously occupied by two low-rise properties that were purchased for a combined $17.5 million.
Leasing has officially kicked off at One Boerum Place, a 22-story rental building in Downtown Brooklyn. The new development introduces 96 apartments ranging from one- to four-bedroom layouts and a suite of amenities.
The affordable housing lottery has launched for 383 12th Street, a five-story residential building in Park Slope, Brooklyn. The 6,876-square-foot development was built in 2004 and yields eight units. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $76,835 to $139,620.
Construction is continuing to progress on the residential conversion of the 90-year-old One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Developed by Macklowe Properties, the project is expected to cost $1.5 billion and also features an exterior addition designed by SLCE Architects. The undertaking is the largest office-to-residential conversion in New York City history and will feature 566 new units with sales handled and marketed by Compass, as well as a new 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The site is bound by Broadway to the west, Wall Street to the north, New Street to the east, and Exchange Place to the south.
Ironstate Development Company and The Pegasus Group have launched the next phase of leasing at The Eddy, a rental community in Harrison, New Jersey. The community is located at 555 First Street near the Passaic River waterfront and was designed in collaboration by Front Studio Architects, Minno & Wasko Architects and Planners, and BG Studio.