Construction is topped out on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property for $15 million in 2012, the 77,310-square-foot tower will yield 173 hotel rooms at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.
L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
The affordable housing lottery has launched for 65 Woodbine Street, a four-story residential building in Bushwick, Brooklyn. Designed by Diego Aguilera Architects, the new construction property yields 5,332 square feet and eight residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $66,000 to $139,620.
Construction is now fully complete on Skyline Tower, the tallest skyscraper in Long Island City and all of Queens. Addressed as 23-15 44th Drive, the 68-story, 778-foot-tall edifice is designed by Hill West Architects and developed by United Construction & Development Group, FSA Capital, and Risland US Holdings LLC. Yielding 802 residences designed by Whitehall Interiors and marketed by Modern Spaces, residences range in price from $500,000 to $4 million. The site is located at the corner of 23rd Street to the west and 44th Drive to the south.
Façade work is progressing toward completion on the Innolabs life science facility at 45-18 Court Square in Long Island City, Queens. Designed by Perkins + Will and developed by King Street Properties, Newmark Knight Frank, and GFP Real Estate, the project involves the restoration of a central building and construction of a six-story addition in multiple wings. The property is located just south of Jackson Avenue between Court Square West and Pearson Street, a short walk from the Court Square subway station, servicing the 7, E, and G trains.