Residential

Condo Sales Launch for Landmarked Broad Exchange Building at 25 Broad Street, in the Financial District

8:00 am on May 2, 2019 By Michael Young

The condominium conversion and redevelopment of the landmarked Broad Exchange Building, aka 25 Broad Street, has officially wrapped, with sales now launching. The structure was designed by Clinton & Russell, and was once the largest office building in the Financial District and all of Manhattan, formerly serving as the headquarters of investment bank and stock brokerage firm Paine Webber. It was designated as a landmark in 2000. A total of 307 units will be created and be divided between 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Prices will start from under $1 million and range from about $950 per square foot on the ground floor to $2,150 per square foot for the top floors, with LCOR serving as the site’s developer.

Rendering of Centro Larchmont - Elk Homes

Elk Homes Announces New Condo Development in Larchmont, Westchester

7:30 am on May 2, 2019 By Sebastian Morris

Developer Elk Homes recently unveiled plans to construct a new condominium residence in the village of Larchmont, Westchester. This comes in response to the local government’s encouragement of developers to invest in large-scale, mixed-use projects in the central business district.

Permits Filed for 109 East 79th Street on the Upper East Side, Manhattan

7:00 am on May 2, 2019 By Vanessa Londono

Permits have been filed for a 19-story apartment building at 109 East 79th Street on the Upper East Side, Manhattan. Located between Park Avenue and Lexington Avenue, the interior lot is two blocks north of the 77th Street subway station, serviced by the 4 and 6 trains. Legion Investment Group is listed as the owner behind the applications.

Permits Filed for 2395 Palisade Avenue in Spuyten Duyvil, The Bronx

6:30 am on May 2, 2019 By Vanessa Londono

Permits have been filed for a six-story apartment building at 2395 Palisade Avenue in Spuyten Duyvil, The Bronx. Located between the Henry Hudson Bridge and Bradley Terrace, the corner lot is close to the Spuyten Duyvil station on the MetroNorth Hudson line as well as the Spuyten Duyvil Shorefront Park. Michel Perle under the 2395 Palisade LLC is listed as the owner behind the applications.

Thomas Heatherwick’s Sculptural Windows Going Up at 515 West 18th Street, in Chelsea

8:00 am on May 1, 2019 By Michael Young

The first sculptural glass panels on Thomas Heatherwick’s premiere residential project at 515 West 18th Street are starting to be installed. The glass and metal frames are rising on the western elevation of the shorter ten-story building, which has topped out along Tenth Avenue. Heatherwick’s pair of architecturally matching structures straddle the High Line and will be an interesting addition to the Chelsea neighborhood. The taller half of the complex is rising on the western edge of the elevated park and will soon stand 22 stories high. The site is being developed by Related Companies.

YIMBY Tours the Residential Conversion of One Wall Street, in Financial District

8:00 am on April 30, 2019 By Michael Young

YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.

Construction Resumes at 540 Fulton Street in Downtown Brooklyn

7:30 am on April 30, 2019 By Michael Young

Work has resumed on 540 Fulton Street, a 511-foot-tall, 42-story, mixed-use skyscraper in Downtown Brooklyn. Construction had been suspended since February, when stop work orders were issued due to alleged safety concerns at the site. The mixed-use residential project is being designed by Marvel Architects and developed by Jenel Management. The reinforced concrete tower will yield about 330,000 square feet, with nearly 96,600 square feet to be allocated to commercial space on the lower floors. The remainder will be reserved for residences and measure about 236,900 square feet.

Proposed alterations at 5 West 16th Street - Francesca Russo Architect

Proposals Submitted for Façade Alterations at 5 West 16th Street, Near Union Square

7:00 am on April 30, 2019 By Sebastian Morris

Proposals from the Francesca Russo Architect design team reveal plans to modernize exterior elements of an aging Greek Revival-style building at 5 West 16th Street. Located near Union Square Park, the building was originally completed in 1846 as a private residence. The home was later designated an official city landmark by the Landmarks Preservation Commission in June 1986.

Permits Filed for 176 Tompkins Avenue in Bed-Stuy, Brooklyn

6:30 am on April 30, 2019 By Vanessa Londono

Permits have been filed for a five-story apartment building at 176 Tompkins Avenue in Bedford-Stuyvesant, Brooklyn. Located between Hart Street and Pulaski Street, the interior lot is three city blocks east of the Myrtle-Willoughby Avenues subway station, serviced by the G train. Mehmet Aksay of Teba USA Inc. is listed as the owner behind the applications.

Funding Secured for Brooklyn’s First Supertall, at 9 DeKalb Avenue

8:00 am on April 29, 2019 By Michael Young

Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.

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Residential

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