The modestly tall superstructure of 1245 Broadway recently reached its 23-story summit. The ground-up office development is designed by Skidmore Owings and Merrill at the corner of West 31st Street and Broadway, and is among one of several new projects being built in NoMad. Co-developed by GDSNY and Sweden-based Klovern, the 318-foot-tall building will bring 200,000 square feet of commercial space. StructureTech NY and Triton Construction are in charge of construction, and CBRE began leasing the class A office space in late 2019.
The concrete façade of 532 West 20th Street has recently been revealed as the black netting and scaffolding was disassembled from the 11-story residential project in Chelsea. Designed by design-build firm DDG, which purchased the plot for $24.25 million in 2014, the structure will yield 27,019 square feet of residential space divided into nine apartments, averaging 3,000 square feet apiece.
Construction is now underway on the second phase of Bay 151, a multi-building residential complex in Bayonne, New Jersey. Located at 151 Centre Street, the three-phase development will introduce over 600 rentals, 15,000 square feet of indoor and outdoor amenity space, and 10,000 square feet of retail space.
Permits have been filed for a four-story residential building at 32 Schaefer Street in Bushwick, Brooklyn. Located between Broadway and Bushwick Avenue, the interior lot is three blocks west of the Chauncey Street subway station, serviced by the J and Z trains. Maurice Nassiri under the 32 Group LLC is listed as the owner behind the applications.
Construction is still finishing up on ABI Chelsea, a 10-story residential building at 455 West 19th Street in Chelsea. Not much has changed since our last visit in late January, with construction entirely complete with the exception of the ground floor. The project, which is located between Ninth and Tenth Avenues, is designed by Lebanon-based Raed Abillama Architects with Paik Architecture as the architect of record. Developer Al Amir Holdings is expecting a projected sellout of $77.5 million. Douglas Elliman is handling sales and marketing for the residences, which are slated to range from $15 to $25 million.