Excavation has finally begun at 262 Fifth Avenue, the site of a long-planned 1,011-foot-tall residential supertall skyscraper in NoMad. Designed by Russian-based firm Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project, LLC, the 60-story tower will yield 139,168 square feet of residential space divided into 41 units and 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management, LLC is the general contractor for the project, which is located at the corner of Fifth Avenue and West 29th Street.
The Department of City Planning is currently reviewing plans to construct a new seven-story mixed-use building at 3285 Fulton Street in Cypress Hills, Brooklyn. Presented in partnership by Cypress Hills Local Development Corporation and MHANY Management, the development would include a new daycare facility and 33 affordable homes for seniors.
The affordable housing lottery has launched for Capstone Condominiums, a nine-story mixed-use residential building at 940 Myrtle Avenue in Bedford-Stuyvesant, Brooklyn. Designed by Fischer + Makooi Architect, the structure has 24 newly built condo units available on NYC Housing Connect. Eligibility is open to first-time buyers at 60 to 80 percent of the area median income (AMI), ranging in income from $37,500 to $103,120.
Permits have been filed for a four-story residential building at 112 Cooper Street in Bushwick, Brooklyn. Located between Central Avenue and Evergreen Avenue, the interior lot is two blocks from the Wilson Avenue subway station, serviced by the L train. 112 Cooper LLC, a joint venture between Tal Bloch and Aaron Yassin, is listed as the owner behind the applications.
Work is nearing completion on Google’s 1.3 million-square-foot headquarters at 550 Washington Street in Hudson Square. Designed by COOKFOX Architects and developed by Oxford Properties, the 232-foot-tall building is the centerpiece of the company’s “Googleplex” master plan that will encompass a grand total of 1.7 million square feet across three separate structures. The other two sites include 315 Hudson Street and 345 Hudson Street. Turner Construction is responsible for building the 12-story project over the brick-clad base that was historically known as St. John’s Terminal. 550 Washington Street spans two full city blocks between West Street, West Houston Street, Washington Street, and the New York Department of Sanitation building.