Residential

Excavation Begins at 249 East 50th Street, in Midtown

7:30 am on May 13, 2019 By Michael Young

Excavation work is beginning at 249 East 50th Street in Midtown East for a ground-up, 151-foot-tall residential project standing 15 stories high. The site is located between Second Avenue and Third Avenue, and was once home to three townhouses and a ground-floor French restaurant called Lutèce. In 2016 YIMBY last reported that China-based developer Tun Kyaw is behind the property and previously purchased the land for $17 million. Isaac Stern will be the designer of the new structure.

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First Glass Panels Installed on FXCollaborative’s 77 Greenwich Street, in Financial District

8:00 am on May 12, 2019 By Michael Young

The first reflective glass panels have begun going up on the southern façade of 77 Greenwich Street in the Financial District. These will eventually cover the entire 350-foot-tall residential section that sits above a 150-foot retail and grade school podium. The 42-story mixed-use skyscraper is being designed by FXCollaborative. Trinity Place Holdings is the developer, while Deborah Berke Partners is in charge of the interior design. Sales have also launched for the 90 condominium units, which will range from one- to four-bedroom homes.  Pricing begins at $1.78 million for a one-bedroom residence.

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Rendering of Walker House (CetraRuddy / Inglese Architecture & Engineering)

Landmarked Walker House Begins Leasing at 540 Broad Street in Newark, New Jersey

7:00 am on May 12, 2019 By Sebastian Morris

Leasing has launched for Walker House’s rental properties at 540 Broad Street in downtown Newark, New Jersey. Developed in collaboration by L+M Development Partners, Prudential Financial, and Goldman Sachs Urban Investment Group, the landmarked 1929 Art Deco building was renovated to create 211 apartments and a full suite of residential amenities. The 20-story structure’s conversion was overseen by Inglese Architecture & Engineering and CetraRuddy, and will include a fitness center and yoga studio, a library lounge, a private catering kitchen and dining room, a game room, storage areas, and a crowning rooftop terrace with outdoor cooking areas.

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Harbor Station North - Rendering (KRE Group)

KRE Group Lands $45 Million Financing for Harbor Station North in Bayonne, New Jersey

7:30 am on May 11, 2019 By Sebastian Morris

Developer Kushner Real Estate Group has successfully secured $45 million in construction financing for a new residential community in Bayonne, New Jersey. The project, which broke ground in 2018, is known as Harbor Station North and will comprise three distinct buildings. Components within include 200 rental apartments, 10,000 square feet of retail, and associated parking.

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