Greystar Real Estate Partners has broken ground on a new high-rise rental property a 25 North Lex in White Plains, New York. Located in the city’s downtown area, the development will contain 500 rental apartments, 60,000 square feet of amenities, and 19,000 square feet of ground-floor retail space.
Work continues to wrap up on 425 Park Avenue, a 47-story commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall structure will yield 667,000 square feet of office space and a ground-floor restaurant run by world-renowned Chef Daniel Humm, proprietor of the three Michelin-starred Eleven Madison Park.
Permits have been filed for a nine-story mixed-use building at 953 Dean Street in Crown Heights, Brooklyn. Located between Classon Avenue and Franklin Avenue, the lot is near the Franklin Avenue subway station, serviced by the A and C trains. Solomon Schwimmer of Twin Group Associates Inc. is listed as the owner behind the applications.
Several more floors have been added to the reinforced concrete superstructure of 255 West 34th Street, a rising 33-story hotel in Midtown, Manhattan. Designed by Stonehill Taylor Architects and developed by The Chetrit Group, the 397-foot-tall, 155,594-square-foot development will yield 330 guest rooms. Flintlock Construction Services, LLC is the general contractor for the building, which is located on the southern edge of the Garment District between Seventh and Eighth Avenues, right across from One Penn Plaza, Madison Square Garden, and a short walk to the nearby James A. Farley Building and Moynihan Train Hall.
SJP Properties and Scotto Properties have revealed the first new renderings of Valley National Bank’s new headquarters in Morristown, New Jersey. Located along Speedwell Avenue near Cattano Avenue, the building will replace several vacant commercial properties where demolition has already begun.
