Foundations Progress For Two-Tower Development at 1 Java Street in Greenpoint, Brooklyn

At number 27 on our annual construction countdown is 1 Java Street, a two-tower residential development along the East River in Greenpoint, Brooklyn. Designed by Marvel Architects and developed and built by Lendlease, which secured a $360 million construction loan at the end of 2022, the project will yield 834 rental units across the two structures, the taller of which will stand 37 stories and 402 feet tall. Aware Super is the joint developer, INC Architecture & Design is the interior designer for the public areas, and Crème is the interior designer for the townhouse units at the complex, which is alternately addressed as 18 India Street and occupies a full block bound by India Street to the north, Java Street to the south, West Street to the east, and the India Street pier over the East River to the west.

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Construction Reaches Street Level at 18 West 55th Street in Midtown, Manhattan

Foundations have reached street level at 18 West 55th Street, the site of a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers under the 18 West 55th Street LLC, which purchased the property for $83 million in 2017, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The development sits on a formerly vacant interior lot next to the Peninsula Hotel between Fifth and Sixth Avenues.

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Rendering of Crescent Manor Ossining, courtesy of Thompson & Bender

Westchester IDA Grants Incentives Approval for Senior Housing Project at 136-140 Croton Avenue In Ossining

The Westchester County Industrial Development Agency has given its final approval for financial incentives to support the construction of a $44.5 million affordable housing project designed exclusively for seniors aged 62 and older. The project, called Crescent Manor Ossining, will occupy a currently vacant site located at 136-140 Croton Avenue in Ossining.

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Phase Two of The Peninsula Affordable Housing Complex Breaks Ground in Hunts Point, The Bronx

Last week, development partners Hudson Companies, Gilbane Development Company, and MHANY Management Inc. celebrated the groundbreaking of Phase Two of The Peninsula in Hunts Point, The Bronx at the site of the former Spofford Juvenile Detention Center. The two-building development will offer 100-percent affordable housing, as well as commercial, community facility, and open space.

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125 West 57th Street Continues to Ascend in Midtown, Manhattan

The 28th-tallest building on our annual year-end construction countdown is 125 West 57th Street, a 26-story commercial building currently rising along Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will yield 260,000 square feet with 185,000 square feet of Class A office space, 7,000 square feet of retail space, and an updated home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the land to the developers in 2017 for $150 million. Leading Builders Group is the general contractor for the property, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects111 West 57th Street.

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