Commercial

5Pointz. Courtesy of NY Housing Connect

Affordable Housing Lottery Launches for 337 Units at 5Pointz in Long Island City, Queens

The affordable housing lottery has launched for 5Pointz, a 48-story mixed-use tower at 22-44 Jackson Avenue in Long Island City, Queens. Designed by HTO Architects and developed by G&M Realty, the 1.21 million-square-foot development stands on the site of the former 5Pointz warehouse, and will yield 1,122 units. Available on NYC Housing Connect are 337 units for residents at 130 percent of the area median income, ranging in eligible income from $63,429 to $192,400.

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Foster + Partner’s 1,270-Foot Supertall ‘Penn 15’ Gets Additional New Renderings, in Midtown Manhattan

A new set of renderings has been released for Vornado Realty Trust‘s 7.4-million-square-foot Penn District redevelopment in Midtown. Created by DBOX, the images highlight Penn 15, a 1,270-foot supertall designed by Foster + Partners at 15 Penn Plaza. The overall plan aims to transform and revitalize the cityscape between Sixth and Seventh Avenues and West 32nd and West 34th Streets with a total of eight new skyscrapers surrounding the 109-year-old James A. Farley Building and Skidmore Owings & Merrill‘s newly opened Moynihan Train Hall, as well as One and Two Penn Plaza and Madison Square Garden.

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1,646-Foot-Tall Project Commodore Deemed Appropriate by LPC, at 175 Park Avenue in Midtown East, Manhattan

The Landmarks Preservation Commission approved Project Commodore, a proposed 1,646-foot supertall skyscraper in Midtown East, at a public hearing and vote on Tuesday, February 23, 2021. New renderings further illustrate the 83-story project, which would replace the Grand Hyatt at 175 Park Avenue and rise between the 108-year-old Beaux Arts Grand Central Terminal and the 91-year-old Art Deco Chrysler Building at the corner of East 42nd Street and Lexington Avenue. Skidmore Owings & Merrill is designing and RXR Realty and TF Cornerstone are developing the project, which is set to yield 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground, cellar, and second levels; new elevated, publicly accessible plaza space overlooking the surrounding Midtown neighborhood; and 2.1 million square feet of Class A office space.

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Marcus Garvey Village in Harlem. Courtesy of Carthage Real Estate Advisors

Construction Progresses on Marcus Garvey Village at 212 West 124th Street, in Harlem

Construction is underway for Marcus Garvey Village, an 18-story mixed-use development in Manhattan’s Harlem neighborhood. Located at 212 West 124th Street, the 300,000-square-foot building will have 330 units, 3,200 square feet of commercial space, and 7,164 square feet of community facility space. The Harlem-based team behind the project includes developer Carthage Real Estate Advisors and Body Lawson Associates Architects and Planners for the design.

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Southwest view of 601 West 29th Street In Hudson Yards. Courtesy of Douglaston Development

601 West 29th Street Tops Out, Will Bring 200+ Affordable Housing Units to Hudson Yards, Manhattan

This week Douglaston Development announced the topping out of 601 West 29th Street, a mixed-use residential tower that will bring 703 market-rate and 235 affordable housing residences to West Chelsea. The 60-story skyscraper encompasses an entire block on 11th Avenue from West 29th to West 30th Streets on the border of West Chelsea and Hudson Yards. In addition to the 938 rentals, components include over 50,000 square feet of amenity space and 15,000 square feet of retail space. FXCollaborative is responsible for the design of the 695-foot-tall building, with Levine Builders handling construction.

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