Construction is now topped out on 312 West 43rd Street, a 33-story mixed-use residential development in Midtown, Manhattan. Located at the convergence of Times Square and Hell’s Kitchen neighborhoods, the tower will comprise 330 rental units, a collection of tenant amenities, and two floors of unspecified retail space.
Permits have been filed for a ten-story mixed-use building at 409 East 158th Street in Melrose, The Bronx. Located between Third Avenue and Elton Avenue, the lot is near the 3rd Avenue-149th Street subway station, serviced by the 2 and 5 trains. Guido Subotovsky of Azimuth Development Group is listed as the owner behind the applications, who is also responsible for recent permits filed for an eight-story mixed-use building at the adjacent 450 East 158th Street.
The affordable housing lottery has launched for Allen Affordable HDFC, a two-family, 3,200-square-foot house at 163-19 109th Avenue in Jamaica, Queens. Designed by Gerald Caliendo Architects and developed by The Greater Allen Development Corporation, the structure yields two residences, each with three bedrooms and two bathrooms. Available on NYC Housing Connect is one unit for sale for residents at 165 percent of the area median income (AMI), ranging in eligible income from $155,882 to $273,075.
At number three on our December countdown of the tallest buildings underway in New York is 570 Fifth Avenue, a potential 1,101-foot supertall in Midtown, Manhattan. Developed by Extell, the skyscraper could rise 78 stories and span 1.4 million square feet with hotel and condominium components. Alternately, the plot could give rise to an 860-foot-tall, 47-story office tower yielding more than 1.5 million square feet. ALBA Services is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 46th Street.
Newmark has arranged a $535.8 million loan to support a 22-story office-to-residential conversion project at 25 Water Street in Manhattan’s Financial District. The joint venture behind the project includes GFP Real Estate, Metro Loft Management, and Rockwood Capital.
