Nova Towers Gains Approval From Historic Preservation Commission of Newark, New Jersey

8:00 am on September 17, 2024 By Michael Young and Matt Pruznick

The Newark Landmarks and Historic Preservation Commission has approved Nova Towers, a two-tower residential proposal set to rise at 16-38 William Street in the Four Corners Historic District in downtown Newark, New Jersey. Designed by INOA Architecture and developed by KS Group LLC, the structures are planned to both stand 488 feet tall and yield a combined 712 residential units in studio to two-bedroom layouts. The property currently features a number of low-rise commercial structures that will have to be demolished, and is bound by William Street to the north, a surface level parking lot to the south, Chapel Court to the east, and Halsey Street to the west.

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77 Gerry Street Nears Completion in South Williamsburg, Brooklyn

7:30 am on September 17, 2024 By Michael Young and Matt Pruznick

Construction nears completion on 77 Gerry Street, a five-story residential building in the Broadway Triangle section of South Williamsburg, Brooklyn. Designed by Studio Gallos for Congregation Divrei Yoel, the 85-foot-tall structure will span 37,183 square feet and yield 14 units with an average scope of 1,877 square feet, as well as a 10,904-square-foot community facility on levels one through three. The formerly vacant property is situated on an interior lot between Throop and Harrison Avenues.

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Housing Lottery Launches for 951 Bedford Avenue in Bed-Stuy, Brooklyn

6:30 am on September 17, 2024 By Vanessa Londono

The affordable housing lottery has launched for 951 Bedford Avenue, an eight-story mixed-use building in Bedford Stuyvesant, Brooklyn. Designed by S. Wieder Architect and developed by Jacob Hirsch of JIH Builders Group LLC, the structure yields 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $120,000 to $218,010.

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Silverstein Properties Unveils Scale Models of 2 and 5 World Trade Center Skyscrapers in Financial District, Manhattan

8:00 am on September 16, 2024 By Michael Young and Matt Pruznick

Developer Silverstein Properties recently debuted a series of architectural models to preview the latest designs of 2 and 5 World Trade Center in Manhattan’s Financial District. Designed by Lord Norman Foster of Foster + Partners, 2 World Trade Center is planned to rise 80 stories and 1,348 feet tall, just 20 feet shorter than the roof height of 1 World Trade Center, and will yield office space. Kohn Pedersen Fox is the designer for 5 World Trade Center, a residential skyscraper co-developed by Brookfield Properties with a planned height of 920 feet. The 2 World Trade Center plot is located within the original 16-acre World Trade Center complex bound by Vesey, Fulton, Greenwich, and Church Streets. The 5 World Trade Center site is located to the south of Liberty Park and bound by Greenwich, Albany, and Washington Streets.

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