Renderings have been revealed of the two-towered, 1,350-unit mixed-use project planned at 260 South Street, on the Lower East Side. As currently proposed, the towers would stand 69 and 62 stories in height, rising 798 feet and 728 feet to their roofs, respectively. Twenty-five percent of the units would rent at below-market rates through the affordable housing lottery, the Lo-Down reported, and some senior housing will also be incorporated. Plans are still in place to expand the ground-floor retail footprint of the existing 26-story Section 8 residential buildings, called Lands End II, at 265 Cherry Street and 275 Cherry Street, which contain a total of 491 apartments. Renovations will be made to existing park spaces.
Earlier this year, the city paid $53 million to acquire the property at 1 North 12th Street, located between North 12th and 14th streets along Kent Avenue on the border of Greenpoint and Williamsburg, with plans to convert the site into public park space. The city has now agreed to pay $160 million for the 11-acre CitiStorage site, located between North 10th and 12th streets at 5 North 11th Street, Crain’s reported.
A groundbreaking ceremony has been held for the $3 million renovation of Martin Luther King Park, located along Malcolm X Boulevard between West 113th and 114th streets in the southern end of Harlem. The park will get entirely new basketball courts, playgrounds, a water play area, and a turf area. Other upgrades include an outdoor fitness center, as well as new vegetation and a comfort station. Quennell Rothschild & Partners is the landscape architect. The project is part of Mayor Bill de Blasio’s Community Park Initiative, where a total of 56 existing parks around the city will see renovations.
Ground has recently been broken to transform Pier 3, located within Brooklyn Bridge Park in Brooklyn Heights, into a functional park. Pier 3 represents the last portion of the Brooklyn Bridge Park project. It will feature a large lawn, a playground, walking paths, vegetation, and a plaza, according to a rendering released by Curbed NY. This portion of Brooklyn Bridge Park is estimated to cost $26 million and is scheduled to be completed in 2018. Michael Van Valkenburgh Associates is the landscape architect.
A year ago, SL Green began knocking down a full block of prewar commercial buildings next to Grand Central to make way for a 1,401-foot-tall office tower at One Vanderbilt Avenue. Now YIMBY has a time lapse of the lengthy demolition between 42nd and 43rd Streets, courtesy of the project’s PR team.