Excavation work is beginning at 249 East 50th Street in Midtown East for a ground-up, 151-foot-tall residential project standing 15 stories high. The site is located between Second Avenue and Third Avenue, and was once home to three townhouses and a ground-floor French restaurant called Lutèce. In 2016 YIMBY last reported that China-based developer Tun Kyaw is behind the property and previously purchased the land for $17 million. Isaac Stern will be the designer of the new structure.
Renovations of the Grolier Club’s Upper East Side headquarters at 47 East 60th Street are now complete following a $4.6 million overhaul of the building’s public exhibition hall. Designed by Ann Beha Architects, the improvements are described as an effort to enhance the historic interior spaces by incorporating modern technology and new materials. Founded in 1884, the Grolier Club is the country’s oldest society of bibliophiles. The private club, which was originally constructed in 1917, maintains an exquisite collection of rare and historic books, manuscripts, and sacred texts.
Permits have been filed for a four-story residential building at 186 30th Street in Greenwood, Brooklyn. Located between Fourth Avenue and Fifth Avenue, the interior lot is five blocks west of the 25th Street subway station, serviced by the R train. Roger Chan under the One86 LLC is listed as the owner behind the applications.
The first reflective glass panels have begun going up on the southern façade of 77 Greenwich Street in the Financial District. These will eventually cover the entire 350-foot-tall residential section that sits above a 150-foot retail and grade school podium. The 42-story mixed-use skyscraper is being designed by FXCollaborative. Trinity Place Holdings is the developer, while Deborah Berke Partners is in charge of the interior design. Sales have also launched for the 90 condominium units, which will range from one- to four-bedroom homes. Pricing begins at $1.78 million for a one-bedroom residence.
Excavation work is underway at 50 Trinity Place in the Financial District, where a ground-up, 28-story Aloft Hotel will soon rise. The upcoming reinforced concrete building will yield 173 rooms and 77,310 square feet of newly built space. Plans also call for a ground-floor restaurant adjacent to the lobby, as well as a fitness center on the second floor and seven to eight rooms per floor up to the last occupiable level. Peter Poon Architects is the designer of the tower while FIT Investment Corporation is the developer. The site was previously purchased for $15 million from Sam Chang in 2012.