Construction has fully topped out on Terminal Warehouse, a seven-story commercial addition above a historic building at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed in collaboration by L&L Holding Company and Columbia Property Trust, the building will comprise 1.3 million square feet of Class-A office and retail space.
The New York City Council has unanimously approved applications for zoning amendments that will facilitate a commercial redevelopment project at 23-10 Queens Plaza South in Long Island City, Queens. Designed by SLCE Architects and developed by New England-based Dynamic Star, the project entails the partial demolition and expansion of an existing warehouse and the construction of a 26-story office tower.
Work is unfolding rapidly on 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 520-foot-tall structure will yield 430,000 square feet and 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.
SJP Properties and New Brunswick Development Corporation (DEVCO) have unveiled plans to develop H-2, the second phase of HELIX Health + Life Science Exchange in downtown New Brunswick, New Jersey. With a total cost of $731 million, HELIX is the largest investment in life sciences and medical education in New Jersey’s history, and representative of the state’s life sciences sector and demand for accessible lab space. Plans for H-2 call for a mixed-use building yielding 600,000 square feet of build-to-suit lab and office space. HDR is the lead architect and JLL will serve as the H-2’s leasing agent.
Foundation work is wrapping up on Society Brooklyn and Sackett Place, a pair of 21-story residential buildings at 267 Bond Street and 498 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, which acquired both plots for $9 million in 2021, the complex will yield a combined 594,000 square feet with 517 residential units and 52,000 square feet of commercial space. The development is proceeding with $18.5 million in financing from Maxim Capital Group. Urban Atelier Group is the general contractor for the project, which is bound by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.
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