Commercial

509 Third Avenue Nears Topping Out in Murray Hill, Manhattan

8:00 am on May 29, 2022 By Michael Young

Construction is nearing topping out on 509 Third Avenue, a 35-story residential tower in Murray Hill. Designed by Ismael Leyva Architects and developed by Lalezarian Properties under the Third and Thirty Four LLC, and Kahen Properties. The 386-foot-tall structure will yield 166,917 square feet with 229 residential units, most likely rentals with an average scope of 692 square feet each, as well as 8,253 square feet of commercial space and a 30-foot-long yard. The property is located at the corner of Third Avenue and East 34th Street.

Demolition Complete for 40-Story Tower at 111 Willoughby Street in Downtown Brooklyn

7:30 am on May 29, 2022 By Michael Young

Demolition is complete at 111 Willoughby Street, the site of a 40-story residential tower in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the 437-foot-tall structure will yield 205,000 square feet with 227 rental units, a 20,000-square-foot ministry center for the St. Boniface parish, and 1,814 square feet of commercial space. ZDG is the general contractor for the property, which is located by the intersection of Willoughby Street to the south and Duffield Street to the east.

New Dining Tenants Announced for MetLife Building at 200 Park Avenue in Midtown East, Manhattan

7:30 am on May 28, 2022 By Sebastian Morris

This week Tishman Speyer and Irvine Company revealed the next phase of renovations and capital improvements at the historic MetLife Building, with new food and beverage options set to debut in 2023. Located at 200 Park Avenue in Midtown East, Manhattan, the building’s new dining options will include the iconic Capital Grille, organic and fair-trade café Jack’s Stir Brew Coffee, Black Seed Bagels, as well as a pop-up run by Talea Beer Co., a woman-owned brewery based in Brooklyn.

611 West 56th Street Wraps Up Construction in Hell’s Kitchen, Manhattan

7:30 am on May 27, 2022 By Michael Young

Exterior work is complete on 611 West 56th Street, a 35-story residential tower in Hell’s Kitchen. Designed by Portuguese architect Alvaro Siza with SLCE as the architect of record and developed by Sumaida + Khurana and LENY, the 450-foot-tall structure will yield 77 units with interiors designed by Gabellini Sheppard Associates. Homes come in one- to four-bedroom layouts, as well as duplex “maisonettes,” full-floor homes, and a grand penthouse. Corcoran Sunshine Marketing Group is handling sales and marketing for the property, which is alternately addressed as 823 Eleventh Avenue and is located at the corner of West 56th Street and Eleventh Avenue.

Permits Filed for 2070 Chatterton Avenue in Castle Hill, The Bronx

6:30 am on May 27, 2022 By Vanessa Londono

Permits have been filed for a seven-story mixed-use building at 2070 Chatterton Avenue in Castle Hill, The Bronx. Located between Pugsley Avenue and Olmstead Avenue, the lot is near the Castle Hill Avenue subway station, serviced by the 6 train. Guido Subotovsky under the Azimuth Development Group is listed as the owner behind the applications.

Rendering of teh Empire State Dairy Building - Dattner Architects

Developers Close on $105M Loan to Complete 2840 Atlantic Avenue in East New York, Brooklyn

7:30 am on May 26, 2022 By Sebastian Morris

The Moinian Group and Bushburg have successfully closed on a $105 million construction loan to complete 2840 Atlantic Avenue, a rising property in East New York, Brooklyn that will include residential and affordable housing units, community space, lower-level retail, and 109 parking spaces.

Permits Filed for 1325 Broadway in Bushwick, Brooklyn

7:00 am on May 26, 2022 By Vanessa Londono

Permits have been filed to expand a two-story structure into a seven-story mixed-use building at 1325 Broadway in Bushwick, Brooklyn. Located between Grove Street and Linden Street, the lot is a short walk to the Kosciuszko Street subway station, serviced by the J train. Paul Matalon of Solomon Equities is listed as the owner behind the applications.

Demolition Underway for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on May 25, 2022 By Michael Young

Demolition has begun at 550 Tenth Avenue, the site of a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot structure will yield 453 units, with 316 market-rate and 137 moderate- and middle-income homes, as well as 9,000 square feet of retail space and over 20,000 square feet of amenities. The building will also house 26,764 square feet of administrative office space for Covenant House. Wells Fargo and US Bank provided a $212 million construction loan and Lionheart Strategic Management assisted with $35 million in mezzanine financing for the project, which is located along Tenth Avenue between West 40th and 41st Streets.

Extell Development Begins Construction at Hudson Piers, a $585M Mixed-Use Development in Yonkers

7:30 am on May 25, 2022 By Sebastian Morris

Extell Development has broken ground on Hudson Piers, a $585 million project that will rank among the largest mixed-use developments in Westchester. Located on the Hudson River waterfront in Yonkers, Hudson Piers will yield a mix of market-rate housing, affordable apartments, and retail space, and will be completed in multiple phases over a six-year period.

Permits Filed for 134-16 35th Avenue in Flushing, Queens

7:00 am on May 25, 2022 By Vanessa Londono

Permits have been filed to enlarge a two-story structure into a 10-story mixed-use building at 134-16 35th Avenue in Flushing, Queens. Located between Prince Street and Farrington Street, the lot is within walking distance of the Main Street subway station, serviced by the 7 train. Hanjun Bai of H&Z Building Corp. is listed as the owner behind the applications.

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