Vault Development Partners and TLM Equities have closed on a $20.1 million construction loan to complete a condominium development on Manhattan’s Lower East Side. Located at 66 Clinton Street, the building will top out at seven stories and eventually contain 12 apartments and a collection of amenity spaces.
Permits have been filed for a seven-story residential building at 42-22 147th Street in Flushing, Queens. Located between Beech Avenue and Sanford Avenue, the lot is near the Flushing Street subway station, serviced by the 7 train. Wang Lam is listed as the owner behind the applications.
The affordable housing lottery has launched for 42-41 149th Place, a four-story residential building in the Murray Hill enclave of Flushing, Queens. Designed by Frank Petruso Architect, the structure yields seven residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,715 to $187,330.
Excavation is progressing at 740 Eighth Avenue, the site of a 52-story supertall hotel and observation tower in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 1,067-foot-tall skyscraper will yield 776,000 square feet with 825 hotel rooms in its lower half and a public observatory with a drop ride attraction above. The unconventionally-shaped structure will also contain retail space, two upper restaurant floors, and a pool deck for guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the property, which is located on an expansive lot along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.
WBP Development and LMXD, an affiliate of L+M Development Partners, are celebrating a big win for their latest high-rise residential project in New Rochelle. Stella, located at 10 LeCount Place and designed by Beyer Blinder Belle, was named Best Luxury Multifamily Development as part of the Westchester Home Builders Awards program. The program is run by Westchester Magazine and recognizes superlative residential developments in Westchester County.
