The affordable housing lottery has launched for The Ariel, an 11-story residential building at 44-46 Purves Street in Long Island City, Queens. Designed by Gerald J. Caliendo Architects, the structure yields 49 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $167,570.
Permits have been filed for an eight-story mixed-use building at 2135 Colonial Avenue in Pelham Bay, The Bronx. Located between East 196th Street and Pelham Parkway South, the lot is closest to the Pelham Bay Park subway station, serviced by the 6 train. Moses Freund of The Vaja Group is listed as the owner behind the applications.
Sales have officially launched at The Cortland, a 25-story condominium building at 555 West 22nd Street in the West Chelsea neighborhood. Developed by Related Companies, in partnership with Mitsui Fudosan America, the nearly 300-foot-tall new structure was designed by Robert A.M. Stern Architects with interiors by Olson Kundig and will hold 144 residential units. The Cortland will have a mix of two- to five-bedroom residences, as well as a series of penthouses. Related Sales LLC and CORE Group are the exclusive co-sales and marketing agents for the development, with residences starting at $4.05 million.
Construction has topped out on Four Hudson Square, The Walt Disney Company’s new 22-story headquarters in Hudson Square. Designed by Skidmore, Owings & Merrill and developed by Silverstein Properties, the 338-foot-tall building will yield 1.2 million square feet of offices, film and production studios, and ground-floor retail space. Lendlease is the contractor for the property, which is alternatively addressed as 137 Varick Street and occupies a full-block parcel bound by Varick Street to the east, Spring Street to the south, Hudson Street to the west, and Vandam Street to the north.
The Battery Park City Authority (BPCA) has released a Climate Action Plan outlining how the entity will enforce greenhouse gas emissions reductions in new and existing buildings and infrastructure in the area. The plan was authored in partnership with Buro Happold, an international sustainability consultancy, and outlines key targets for Battery Park City properties.
