A new public-private development partnership led by Exact Capital will create two new affordable cooperative buildings in West Harlem, Manhattan. The new buildings will improve vacant parcels at 207-209 West 140 Street and 304 West 150 Street, and create a total of 52 homes.
Permits have been filed for an eight-story residential building at 1896 University Avenue in Morris Heights, The Bronx. Located between Morton Place and West 179th Street, the lot is near the Burnside Avenue subway station, serviced by the 4 train. Chaim Schwartz of Prime Property Management is listed as the owner behind the applications.
Construction is rising toward the first setback on 270 Park Avenue, the 60-story supertall headquarters for JPMorgan Chase in Midtown East. Designed by Norman Foster of Foster + Partners and developed by Tishman Speyer, the 1,388-foot-tall skyscraper will yield 2.5 million square feet of office space and will set a record as the tallest New York building to be powered by hydroelectric energy. The steel is being fabricated by Banker Steel and assembled on site by NYC Constructors LLC over a giant full-block parcel bound by Park Avenue to the east, Madison Avenue to the west, East 47th Street to the south, and East 48th Street to the north.
Construction is finishing up on 300 West 30th Street, a 16-story residential building in Chelsea. Designed by Studio C Architects and developed by Hiwin USA, which purchased the property for $27.5 million from Salt Equities in May 2018, the structure will yield 69 units in studio to two-bedroom layouts, as well as ground-floor retail space. Efin Management Corporation is the general manager of the project, which is located at the corner of West 30th Street and Eighth Avenue, a short walk from Madison Square Garden, Penn Station, and Moynihan Train Hall. Workshop/APD is the interior designer and Corcoran New Development is handling sales and marketing.
Developers and city officials recently celebrated the completion of 50 Penn, a 218-unit affordable housing property at 50 Pennsylvania Avenue in East New York, Brooklyn. Developed by Pennrose with design by Dattner Architects, the building’s residential collection includes include 56 studios, 96 one-bedroom, 48 two-bedroom, and 18 three-bedroom apartments.