The city’s Department of Housing Preservation and Development has released a request for affordable housing proposals for the north shore of Staten Island. The RFP would use 108,000 square feet of land owned by the city for a mixed-use development with 100 percent affordable housing and community amenities and services.
Construction is rising steadily at Two Manhattan West, a 935-foot-tall commercial skyscraper in Midtown West and number ten on our countdown of the tallest projects under construction in New York. Designed by Skidmore Owings & Merrill and developed by Brookfield, the 58-story structure is rising directly to the south of the completed One Manhattan West, its 996-foot-tall fraternal twin. Two Manhattan West is rising at the corner of West 31st Street and Ninth Avenue and will feature the same architectural design like its northern sibling with yield 2 million square feet of office space at an expected cost of $2 billion.
Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.
Exterior work is progressing on 425 Park Avenue, an 897-foot-tall commercial skyscraper in Midtown East and number 12 on YIMBY’s construction countdown. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company LLC with Adamson Associates, the 47-story tower will yield 666,966 square feet of office space.
Permits have been filed for a 32-story mixed-use building at 2-01 50th Avenue in Long Island City, Queens. Located at the intersection of 50th Avenue and Center Boulevard, the corner lot is two blocks west of the Vernon Boulevard-Jackson Avenue subway station, serviced by the 7 train. Katheline M. Pierre is listed as the owner behind the applications. The development site is under project management by corporate subsidiary Kathens’ Piettokpatia and Foundation of Motion Pictures Information Enterprises.
