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Excavation, Pilings Progress at 37-18 138th Street in Flushing, Queens

8:00 am on January 26, 2025 By Michael Young and Matt Pruznick

Excavation and pilings are progressing at 37-18 138th Street, the site of a nine-story commercial building in Flushing, Queens. Designed by Akaia Architecture with Angelo Ng & Anthony Ng Architects Studio as the architect of record, and developed by New Age Developers LLC, the 120-foot-tall structure will yield 65,000 square feet of commercial space to be occupied by restaurants, retail, offices, and a rooftop bar, as well as 27,000 square feet of medical office space. The property is bound by 37th Avenue to the north, 38th Avenue to the south, and 138th Street to the east.

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Façade Installation Begins At Magnolia Gardens at 39-03 College Point Boulevard in Flushing, Queens

7:30 am on January 26, 2025 By Michael Young and Matt Pruznick

Façade installation is beginning on Magnolia Gardens, a seven-story transitional residential and community facility at 39-03 College Point Boulevard in Flushing, Queens. Designed by Urban Architectural Initiatives and developed by Asian Americans for Equality (AAFE) under Magnolia Gardens Developer Inc., the 72-foot-tall structure will yield 62,932 square feet of community facility space, 90 supportive housing units sponsored by the NYC Department of Housing Preservation and Development, and a 30-foot-long rear yard. Urban Resources Institute (URI) and the Department of Homeless Services (DHS) will manage the facilities at the property, which is alternately addressed as 133-04 39th Avenue and located at the intersection of College Point Boulevard and 39th Avenue.

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Photograph from FY26 presentation, via ny.gov

Governor Hochul Unveils Budget For Fiscal Year 2026

7:00 am on January 26, 2025 By Max Gillespie

Governor Kathy Hochul has unveiled her fiscal year 2026 Executive Budget, which among state-wide initiatives, includes a number of measures to tackle New York City’s housing crisis and promote real estate development in the city. Central to the budget is the allocation of $1 billion over five years to Mayor Adams’ “City of Yes” initiative, which will fund housing construction and places an emphasis on zoning reforms to boost density. Another $760.5 million in discretionary funding has been allocated for certified Pro-Housing Communities, including $100 million for infrastructure upgrades to support new developments.

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Two-Skyscraper Proposal Revealed For 629 West 54th Street, 801 Eleventh Avenue in Hell’s Kitchen, Manhattan

8:00 am on January 25, 2025 By Michael Young and Matt Pruznick

Proposals have been revealed for a pair of mixed-use skyscrapers at 629 West 54th Street and 801 Eleventh Avenue in Hell’s Kitchen, Manhattan. Designed by Hill West Architects and developed by The Chapman Group and Friedland Properties, the project consists of a 42-story tower standing 565 feet tall at 629 West 54th Street and a 38-story, 525-foot-tall tower at 801 Eleventh Avenue. The former will yield 617 rental units, with 154 reserved for affordable housing, as well as 84,359 square feet of commercial space, while the latter will house 447 rental units, with 119 slated for affordable housing, and 64,392 square feet of commercial space. The skyscrapers will rise from opposite corners of two separate city blocks bound by West 55th Street to the north, West 54th Street to the south, Eleventh Avenue to the east, and Twelfth Avenue to the west.

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