Commercial

Excavation Begins at 1036 Manhattan Avenue in Greenpoint, Brooklyn

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

Excavation is underway at 1036 Manhattan Avenue, the site of an eight-story mixed-use building in Greenpoint, Brooklyn. Designed by Ismael Leyva Architects and developed by ASH NYC under the 170 Freeman LLC, the 83-foot-tall structure will span 56,408 square feet and yield 67 rental units with an average scope of 654 square feet, as well as 767 square feet of commercial space, a cellar, and a 30-foot-long rear yard. MNC General Contractors Corp. is the general contractor for the property, which is located at the corner of Manhattan Avenue and Freeman Street.

Permits Filed for 115 Seventh Avenue in Chelsea, Manhattan

6:30 am on January 7, 2024 By Vanessa Londono

Permits have been filed for a vertical expansion and repurposing of an existing seven-story commercial building into a 12-story mixed-use structure at 115 Seventh Avenue in Chelsea, Manhattan. Located between West 16th Street and West 17th Street, the lot is one block north of the 18th Street subway station, serviced by the 1 train. Robert Shengchu Huang is listed as the owner behind the applications.

16 Dupont Street Tops Out Over Greenpoint, Brooklyn

8:00 am on January 5, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 16 Dupont Street, a 40-story residential tower in Greenpoint, Brooklyn‘s 22-acre Greenpoint Landing master plan. Designed by GKV Architects and developed by Rockefeller Group and Park Tower Group, the 400-foot-tall structure will span 365,651 square feet and yield 381 rental units, with 115 reserved for affordable housing, as well as 2,548 square feet of ground-floor retail space and 138 enclosed parking spaces. Monadnock Construction is the general contractor for the property, which is located at the intersection of Dupont, West, and Commercial Streets.

46-06 11th Street Rises in Long Island City, Queens

7:30 am on January 2, 2024 By Michael Young

Construction is rising on 46-06 11th Street, an eight-story mixed-use building in Long Island City, Queens. Designed by Raymond Chan Architect and developed by Jim Yang under the JNMY LLC, the 85-foot-tall structure will span 89,684 square feet and yield 44 rental units with an average scope of 780 square feet, 20,355 square feet of community facility space, 1,240 square feet of commercial space, a cellar, a 20-foot-long rear yard, and 40 enclosed parking spaces. Mandarin Enterprises II Inc. is the general contractor for the property, which is alternately addressed as 10-50 46th Avenue and located at the corner of 46th Avenue and 11th Street.

125 West 57th Street’s Glass Façade Begins Installation in Midtown, Manhattan

8:00 am on January 1, 2024 By Michael Young and Matt Pruznick

Construction is rising on 125 West 57th Street, a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will span 260,000 square feet and yield 185,000 square feet of Class A office space, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. Leading Builders Group is the general contractor for the project, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

JPMorgan Chase’s Supertall Nears its Pinnacle at 270 Park Avenue in Midtown East, Manhattan

8:00 am on December 31, 2023 By Michael Young and Matt Pruznick

The tallest building on our year-end construction countdown is JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. AECOM Tishman is the general contractor for the full-block property, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

Demolition Finishes at 620 Twelfth Avenue in Hell’s Kitchen, Manhattan

7:30 am on December 31, 2023 By Michael Young and Matt Pruznick

Demolition has concluded at 620 Twelfth Avenue, the site of a six-story storage and office facility in Hells Kitchen. Owned by Edison Properties and leased to Verizon Communications for $50 million, the structure will span 269,000 square feet and include a cellar level, which may feature on-site parking for the network operator. Nordest Services served as the demolition contractor for the property, which is alternately addressed as 648 West 48th Street and is bound by West 47th and West 48th Streets and the Hudson River Greenway.

Rendering of 520 Fifth Avenue and the Midtown skyline

520 Fifth Avenue’s Curtain Wall Takes Shape in Midtown, Manhattan

8:00 am on December 29, 2023 By Michael Young and Matt Pruznick

At number three on our year-end countdown of the tallest buildings under construction in New York is 520 Fifth Avenue, a 1,000-foot residential supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 76-story structure will span 415,000 square feet and yield 98 condominium units with interior design by Charles & Co., as well as commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

Render of 30-02 Whitestone Expressway, courtesy of JLL

Developer Secures Loan For 30-02 Whitestone Expressway In College Point, Queens

7:30 am on December 29, 2023 By Max Gillespie

New York-based real estate development firm Triangle Equities has secured $50 million in pre-development financing for a new multi-story logistics facility in College Point, Queens. The loan was arranged by JLL Capital Markets and provided by Centennial Bank. This financing marks an important step toward the development of the planned 425,000-square-foot industrial site located at 30-02 Whitestone Expressway.

Permits Filed for 172 Powers Street in Williamsburg, Brooklyn

6:30 am on December 27, 2023 By Vanessa Londono

Permits have been filed to expand a three-story structure into a four-story mixed-use building at 172 Powers Street in Williamsburg, Brooklyn. Located near Graham Avenue and Powers Street, the lot is near the Grand Street subway station, serviced by the L train. Mendel Fleischman of Thegardenbond is listed as the owner behind the applications.

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