Exterior of Bronx Point, by Sylvester Zawadzki

Developers Celebrate the Opening of Bronx Point at 575 Exterior Street in The South Bronx

On October 19, Bronx Point celebrated its opening in a ribbon-cutting ceremony led by L&M Development Partners, Type A Projects, BronxWorks, and The Hip Hop Museum, alongside elected officials and community leaders. The $349 million mixed-use development is designed by S9Architecture. Located on the Harlem River waterfront in the South Bronx, Bronx Point is set to offer 542 affordable housing units in its first phase.

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Affordable Housing Lottery Launches for 5 Withers Street in Williamsburg, Brooklyn

The affordable housing lottery has launched for 5 Withers Street, a seven-story mixed-use building in Williamsburg, Brooklyn. Designed by Diego Aguilera Architects, the structure yields 23 residences, ground-floor commercial space, and 12 parking spaces. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $104,880 to $198,250.

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Arloparc Nears Completion at 126 East 86th Street on Manhattan’s Upper East Side

Construction is nearing completion on Arloparc, a 20-story residential building at 126 East 86th Street on Manhattan’s Upper East Side. Designed by Zproekt Architects and developed by Rybak Development and BK Developers, the 79,842-square-foot structure will yield 28 condominium units designed by STUDIO20MIGLIA, as well as 2,700 square feet of commercial space on the ground floor. Rybak is also serving as the general contractor, Molly Elizabeth is the interior designer, and Corcoran New Development is handling sales and marketing for the property, which is located on a narrow rectangular interior plot between Lexington and Park Avenues.

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Exterior of 511 Fifth Avenue, courtesy of Aurora Capital/Wharton Properties

Developers Complete Renovation of 511 Fifth Avenue in Midtown, Manhattan

Aurora Capital and Jeff Sutton’s Wharton Properties have completed the renovation of 511 Fifth Avenue, a historic 18-story Beaux Arts building located steps from Grand Central Terminal in the heart of Midtown, Manhattan. This extensive redevelopment aims to align the property with modern office space standards while preserving its historic essence. Ownership has enlisted JLL as the exclusive leasing agent for the property, which is located at the southeast corner of Fifth Avenue and East 43rd Street.

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