Following a ground-up renovation of 711 Fifth Avenue, Michael Shvo of SHVO has revealed new plans to transform the upper levels of the building into an exclusive, members-only destination. Core Club, a global social club, has inked a 20-year lease with SHVO to occupy 60,000 square feet spread across four floors.
The affordable housing lottery has launched for 32-72 41st Street, a five-story residential building in Astoria, Queens. Designed by James Cleary Architecture and developed by Thomas Theofilotas, the structure yields 25 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $78,858 to $167,570.
Construction is getting closer to completion on 101 West 14th Street, a 13-story residential building in Chelsea, Manhattan. Alternately addressed as 531 Sixth Avenue, the reinforced concrete structure is designed by ODA Architecture and developed by Gemini Rosemont and will yield 44 condominium units as well as 5,830 square feet of ground-floor retail space for two tenants. Residential sales launched last year and are being led by Ryan Serhant of Nestseekers International’s Serhant Team, with prices starting at $1.35 million for one-bedroom units. Whitehall Interiors is in charge in interior designs and New Line Structures is the general contractor for the property, which is located at the northwest corner of West 14th Street and Sixth Avenue, just above the border with Greenwich Village.
Parkview Financial has provided $66 million in construction financing for developers to complete a new 131-unit multifamily rental building in Windsor Terrace, Brooklyn. Construction has already broken ground at 57 Caton Place, where the building will eventually rise nine stories above ground.
Permits have been filed for a 12-story mixed-use building at 260 West 126th Street in Harlem, Manhattan. Located between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard, the lot is one block north of the 125th Street subway station, serviced by the A, B, C, and D trains. Joel Weiss of Heartfelt Townhouse Build is listed as the owner behind the applications.
