10-04 Borden Avenue Nears Completion in Long Island City, Queens

7:30 am on January 9, 2024 By Michael Young and Matt Pruznick

Work is continuing on 10-04 Borden Avenue, a three-story commercial building in Long Island City, Queens. Developed and built by The Vorea Group under the Borden Ave Opportunity Zone Business LLC, the 56,000-square-foot structure will feature New York City’s first iFLY indoor skydiving facility and a separate commercial space. The plot spans nearly half an acre by the three-way intersection of Borden Avenue, Vernon Boulevard, and Jackson Avenue.

Two Penn Plaza, courtesy of Vornado Realty Trust

Cushman & Wakefield Appointed Leasing Agent For PENN 2 Office Tower In Midtown, Manhattan

7:00 am on January 9, 2024 By Max Gillespie

Vornado Realty Trust has announced a major step in the revitalization of its Penn District campus with the appointment of Cushman & Wakefield as the exclusive leasing agent for PENN 2, a 1.8-million-square-foot office tower undergoing renovations at Two Penn Plaza in Midtown, Manhattan. The partnership aims to position PENN 2 as a premier destination for leading companies in the heart of Manhattan’s Westside.

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Housing Lottery Launches for 286 East 163rd Street in Concourse Village, The Bronx

6:30 am on January 9, 2024 By Vanessa Londono

The affordable housing lottery has launched for 286 East 163rd Street, a six-story residential building in Concourse Village, The Bronx. Designed by Dario Architecture and Design and developed by Armin Jadadic under the 286 East 163rd Street LLC, the structure yields 18 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $74,778 to $198,250.

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75 Dupont Street’s First Phase Progresses in Greenpoint, Brooklyn

8:00 am on January 8, 2024 By Michael Young and Matt Pruznick

Exterior work is moving along on the first phase of 75 Dupont Street, an eight-story mixed-use building in Greenpoint, Brooklyn. Designed by Hill West Architects with Whitehall Interiors as the interior designer and Madison Realty Capital as the developer, the 400,000-square-foot structure will yield 471 units with 143 designated for affordable housing, as well as 189 on-site parking spaces and a potential grocery store. Omnibuild is the general contractor for the property, which was formerly addressed as 14 Clay Street and is bound by the confluence of Commercial and Clay Streets to the north, Dupont Street to the south, and Franklin Street to the west.

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350 West 44th Street’s Exterior Progresses in Hell’s Kitchen, Manhattan

7:30 am on January 8, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 350 West 44th Street, a seven-story residential building in Hell’s Kitchen, Manhattan. Designed by Z Architecture and developed by Yevgeniy Lvovskiy of ZHL Group under the 350 West 44th LLC, the 66-foot-tall structure will span 31,497 square feet and yield 29 condominium units with an average scope of 964 square feet, as well as 3,518 square feet of commercial space, a cellar level, and a 30-foot-long rear yard. YM Pro Corp. is the general contractor for the property, which is located on an interior lot between Eighth and Ninth Avenues, directly south of McCaffrey Playground.

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