Leasing has officially launched for a new, two-towered development by The Durst Organization in Astoria, Queens. Located at 10 Halletts Point, the 22 and 19-story towers are just the first components of a sprawling, seven-building development that will eventually comprise 2.4 million square feet. It will include more than 2,100 apartments, affordable housing, a public waterfront esplanade, and retail area.
Permits have been filed for an 11-story affordable housing building at 345 St Ann’s Avenue in Mott Haven, The Bronx. Located on the corner of East 142nd Street and St Ann’s Avenue, the corner lot is four blocks from the Brook Avenue subway station, serviced by the 6 train. New York City’s Housing Preservation and Development is listed as the owner behind the applications.
Permits have been filed for a 12-story apartment building at 260 Grand Concourse in Port Morris, Bronx. Located between East 138th Street and Major Deegan Expressway, the lot is steps away from the 138th Street subway station, serviced by the 4 and 5 trains. Jacob Schwimmer of JCS Realty Group is listed as the owner behind the applications.
Downtown Brooklyn‘s ever-expanding skyline is set for yet another major imminent addition with the impending rise of 540 Fulton Street. Set to stand 511 feet tall with 327 residential units, the tower will certainly make an impact on the surrounding neighborhood. Designed by Marvel Architects and developed by Jenel Management, the 42-story project will span close to 333,000 square feet. About 96,600 square feet will be allocated towards commercial space, while nearly 236,900 square feet will be used for the residential component.
Following last year’s purchase of 685 Fifth Avenue, developer Michael Shvo has announced a partnership with Mandarin Oriental Hotel Group to manage a collection of condominiums within the property. Rounding out the development team for the project is Turkish investment group Bilgili Holding and investment management firm Deutsche Finance.