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Foundations Underway at 1448 Third Avenue on Manhattan’s Upper East Side

Foundations are underway at 1448 Third Avenue, the site of a 39-story mixed-use tower in the Yorkville section of Manhattan’s Upper East Side. Designed by CetraRuddy Architecture and developed by Douglaston Development, the 478-foot-tall structure will span 287,632 square feet and yield 125 condominium units with an average scope of 1,804 square feet. The building will also contain 40,864 square feet of commercial space, 21,224 square feet of community facility space, a cellar level, and a 20-foot-long rear yard. The property is alternately addressed as 170 East 83rd Street and located at the corner of Third Avenue and East 82nd Street.

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33-33 Prince Street Nears Completion in Flushing, Queens

Construction is nearing completion on 33-33 Prince Street, a four-story mixed-use building in Flushing, Queens. Designed by My Architect PC for Prince Real Estate LLC, the 55-foot-tall structure will yield 16,403 square feet of commercial and manufacturing space, according to zoning diagrams. The building will also contain a cellar level and a 20-foot-wide rear yard above the first level. The property is located on an interior lot between 33rd Avenue to the north and 35th Avenue to the south.

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Office for New York City Department of Housing Preservation and Development, via nyc.gov

NYC Re-Launches J-51 Tax Abatement Program To Support Building Rehabilitation

New York City has officially relaunched its J-51 tax abatement program, now rebranded as J-51 R, to support the rehabilitation and sustainability of rent-regulated, cooperative, and condominium buildings. The New York City Department of Housing Preservation and Development (HPD) has opened applications for the newly reformed program, with a three-month window for building owners to apply. This initiative is aimed at preserving affordable housing while facilitating compliance with the city’s climate mandates.

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