Demolition has concluded at 417 Park Avenue, the site of a 220,000-square-foot office tower in Midtown East. Developed by GDS Development (GDSNY) and Klövern AB, which paid $184 million for the property, the building will rise from the corner of Park Avenue and East 55th Street with a floor area ratio of 25 under Midtown East Rezoning regulations.
Berkshire Hathaway HomeServices New York Properties has launched sales for 262 55th Street, a five-story condominium development in Sunset Park, Brooklyn. The building houses five condominium units ranging from one-bedroom, one-bathroom units up to three-bedroom, two-bath full-floor homes.
Permits have been filed for a five-story mixed-use building at 128 Livonia Avenue in Brownsville, Brooklyn. Located between Amboy Street and Herzl Street, the lot is a short walk to the Saratoga Avenue subway station, serviced by the 2 and 3 trains. Isaac Rosenberg is listed as the owner behind the applications.
Construction is nearing completion on NYU‘s campus expansion at 181 Mercer Street in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the 735,000-square-foot complex consists of three towers rising from a full-block podium between Houston, Mercer, and Bleecker Streets and I.M. Pei’s University Village complex. The project is the culmination of over a decade of proposals, planning, and building that dates back to the mid 2000s. Turner Construction Company is the general contractor for the development, which is aiming for LEED gold certification.
Foundation work is progressing at Project Athena LIC, at 27-20 42nd Road in the Hunter’s Point section of Long Island City, Queens. This will eventually give rise to a ground up eight-story mixed-use residential building designed by Ismael Leyva Architects. YIMBY last reported that the 99-foot-tall development will yield a total of 58,580 square feet, with 36,097 square feet designated for future residential space and 3,345 square feet for the commercial space. 51 residences are expected to be housed inside the edifice, which will most likely be rentals based on the average unit size of 707 square feet. The reinforced concrete-based structure will also come with a cellar and a 50-foot-long rear yard for occupants.