Residential

501 Ninth Avenue Rises Above Street Level in Midtown, Manhattan

Construction is rising on 501 Ninth Avenue, a 12-story residential building in Midtown, Manhattan on the border of Hudson Yards and the Garment District. Designed by Archimaera Architecture and developed by ZD Jasper under the ZDJ Hudson Yards LLC, the structure is being constructed alongside its 120-foot-tall identical counterpart at 489 Ninth Avenue at the southern end of the parcel. The two buildings will collectively span 220,000 square feet and yield 174 condominium units with an average scope of 970 square feet, as well as ground-floor commercial space, a cellar level, and a 30-foot-long rear yard. Warner Construction Services Inc. is the general contractor for both properties, which are bound by West 38th Street to the north, West 37th Street to the south, Ninth Avenue to the east, and Dyer Avenue to the west.

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7 Platt Street Rises Above Street Level in Financial District, Manhattan 

Construction is rising on 7 Platt Street, a 37-story mixed-use building in the Financial District of Lower Manhattan. Designed by Hill West Architects and developed by The Moinian Group, the 464-foot-tall structure will span 267,760 square feet and yield 250 rental apartments with interiors by Fogarty Finger, as well as 43,740 square feet of retail space on the first five stories and 34 below-grade parking spaces. Titanium Construction is the general contractor for the property, which is alternately addressed as 110 John Street and located on an interior lot bound by John Street to the north and Platt Street to the south.

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New Renderings Revealed for KPF’s 520 Fifth Avenue Supertall in Midtown, Manhattan

New renderings have been revealed for 520 Fifth Avenue, a 76-story residential supertall skyscraper under construction in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,000-foot-tall structure will span 415,000 square feet and yield 100 condominium units and commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, Charles & Co. is the interior designer, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

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Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

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