Construction is expected to break ground soon at 57 Alexander Street, a 440-unit residential building in Yonkers, New York, following approvals for a major financing package valued at $177.3 million. The deal was approved by the Yonkers Industrial Development Agency, a public benefit corporation that provides business incentives to enhance economic growth in the City of Yonkers.
Full demolition permits have been filed for three buildings, a four-story and two five-story structures at 1209-1213 First Avenue in Lenox Hill, Manhattan. The mixed commercial and residential buildings are part of an assembled 13,000-square-foot lot, owned by Kamran Hakim under the 1205-1215 First Avenue Annex, with a total of 138 residential units and 15 commercial units. It is unclear what plans are in store, as no new construction permits have been filed yet. Peter Tauberer, PE is listed as the applicant of record for all three permits.
Permits have been filed for a four-story residential building at 3056 Decatur Avenue in Norwood, The Bronx. Located between East Mosholu Parkway North and East 204 Street, the lot is near the 205 Street subway station, serviced by the D train. Zef Perperpaj is listed as the owner behind the applications.
David Chipperfield Architects has released renderings of the new Rolex headquarters at 665 Fifth Avenue in Midtown. Located at the corner of Fifth Avenue and West 53rd Street, the 25-story structure will replace the company’s current 12-story, 1970s-era building that currently occupies the site.
Cravath, Swaine & Moore, one of the country’s longest-running law firms, has finalized negotiations to establish its New York headquarters at Brookfield’s Two Manhattan West. As anchor tenant of the property, Cravath will occupy 13 floors of the building or approximately 481,000 square feet.