Leasing Launches for Magnolia DUMBO at 85 Jay Street in DUMBO, Brooklyn

8:00 am on February 15, 2022 By Michael Young

Leasing has begun for 85 Jay Street, a 1.1-million-square-foot residential development in DUMBO, Brooklyn. Designed by Morris Adjmi Architects, the project consists of a pair of 21-story buildings that rise from a multi-level podium with multiple retail spaces. The residential component comprises Front & York, a collection of 408 condominiums from CIM Group and LIVWRK, and Magnolia DUMBO, a slate of 320 rental units from RXR Realty with marketing led by Douglas Elliman Development Marketing Group. New Line Structures is the general contractor for the property, which occupies a full-block parcel bound by Front Street to the north, York Street to the south, Bridge Street to the east, and Jay Street to the west.

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Construction Progresses on 434-446 Clinton Avenue in Clinton Hill, Brooklyn

7:30 am on February 15, 2022 By Michael Young

Construction is nearing completion on 434-446 Clinton Avenue, a row of seven low-rise townhouses in Clinton Hill, Brooklyn. Designed by Marvel Architects and developed by The Loketch Group, the properties will yield around 4,000 square feet apiece and also include private parking. R&S Contracting NY Inc. is the general contractor for the project, which is located between Gates and Greene Avenues.

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Housing Lottery Launches for 1543 Jesup Avenue in Mount Eden, The Bronx

6:30 am on February 15, 2022 By Vanessa Londono

The affordable housing lottery has launched for 1543 Jesup Avenue, a five-story residential building in Mount Eden, The Bronx. Designed by ADB Associates and developed by Lefko Capital Group, the structure yields 21 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $59,143 to $167,570.

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YIMBY Checks Out the Views From TSX Broadway at 1568 Broadway in Times Square, Manhattan

8:00 am on February 14, 2022 By Michael Young

YIMBY went on a tour of TSX Broadway, a 46-story hotel that topped out last week at 1568 Broadway in Times Square. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 470-foot-tall tower will yield 550,000 square feet with a 669-key hotel, retail space, restaurants, and a cantilevering outdoor performance stage that overlooks Times Square. The property is also home to the historic Palace Theatre, which will soon be raised by Urban Foundation and Engineering. PBDW Architects is restoring the interior of the theatre, and Pavarini McGovern is the general contractor for 1568 Broadway, which is located at the corner of Seventh Avenue and West 47th Street. The project is expected to cost around $2.5 billion.

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