Private equity firm Snow Phipps is the latest company to join 545 Madison Avenue, a newly renovated office tower in Midtown, Manhattan. Marx Realty, the property owner, worked with Studios Architecture to complete the building’s transformation, which focused on elevating the hospitality aspects of the commercial property.
The affordable housing lottery is open for 107 West 105th Street, a five-story residential development on the Upper West Side of Manhattan. Built in 1930, the 15-unit building yields 8,760 square feet. Available on NYC Housing Connect are six units for sale for residents at 110 percent of the area median income, ranging in eligible income from $88,500 to $141,790.
Construction has quickly risen past the halfway mark on 3041 Broadway, a 42-story mixed-use tower designed by Robert A. M. Stern Architects in Morningside Heights. Alternately addressed as 100 Claremont Avenue, the project is being developed by L&M Development Partners and Lendlease with SLCE Architects as the architect of record, and will yield 350,000 square feet with condominiums as well as institutional offices, faculty housing, and classrooms for the Union Theological Seminary. Beyer Blinder Belle is handling the renovations of Union Theological Seminary’s Hastings Hall, where students reside. The property is located by the corner of Claremont Avenue and West 122nd Street, directly across from Riverside Church, and the tower is being constructed with the use of air rights from the seminary.
Excavation has begun at 27-19 Thomson Avenue, the site of a ten-story, 30-unit building in Long Island City, Queens. Designed by Thomson Development LLC with Warner Construction Services Inc. handling construction, the 28,051-square-foot property will yield 23,012 square feet of residential space and 5,039 square feet of lower-level retail. The 116-foot-tall structure will rise from a 3,600-square-foot plot bound by Thomson Avenue to the south and 44th Drive to the northeast that was purchased for $6.85 million in 2018. Demolition of the site’s former low-rise occupant concluded in early 2019.
Proposals to construct a new nine-story apartment building and charter school in Elmhurst, Queens are now under review by the Department of City Planning. The development site is approximately 70,000 square feet and bound by Long Island Railroad train tracks to the south, Whitney Avenue and 83rd Street to the east, and 82nd Street and 47th Avenue to the west.
