Residential

358 West 58th Street. Photo by Michael Young.

358 West 58th Street Residential Conversion Remains Stalled in Hell’s Kitchen, Manhattan

7:30 am on June 24, 2025 By Michael Young

The 24-story hotel-to-residential conversion of 358 West 58th Street remains stalled in Hell’s Kitchen, Manhattan. The former 878-room Hudson Hotel was supposed to be transformed into 441 below-market rate rental apartments overseen and developed by CSC Coliving and also include more than 50,000 square feet of retail space on the lower levels of the building. The property is located on an interior lot between Eighth and Ninth Avenues and was being financed through the acquisition of a $100 million financial package from Northwind Group.

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Elizabeth Street Garden today, via elizabethstreetgarden.com

More Than 620 Affordable Homes Planned In Lower Manhattan, Elizabeth Street Garden Preserved In New City Agreement

7:00 am on June 24, 2025 By Max Gillespie

The City of New York has finalized a new agreement to create over 620 affordable homes across Lower Manhattan while preserving the Elizabeth Street Garden as a publicly accessible space. Mayor Eric Adams and Councilmember Christopher Marte announced the plan on Monday, marking a shift from previous proposals that would have replaced the garden with housing. Under the agreement, the city will pause redevelopment of the garden and instead rezone three alternative sites within Council District 1 to deliver more than five times the originally proposed number of affordable units.

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The Remi at 1026 Third Avenue. Photo by Michael Young.

The Remi Nears Completion At 1026 Third Avenue on Manhattan’s Upper East Side

8:00 am on June 23, 2025 By Michael Young

Construction is almost finished at The Remi, a 24-story residential tower at 1026 Third Avenue in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Ismael Leyva Architects and developed by Kahen Properties, which purchased the assemblage of three adjacent properties for $34 million in July 2022, the 273-foot-tall structure will span 100,000 square feet and yield 81 rental units in studio- to two-bedroom layouts with an average scope of 1,200 square feet, as well as ground-floor retail space. The ground-up development is located between East 60th and East 61st Streets. Corcoran New Development is handling leasing.

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Manhattan Plan Banner, via manhattanplan.nyc

Public Engagement Phase Launches For Manhattan Plan To Build 100,000 New Homes

7:00 am on June 23, 2025 By Max Gillespie

Mayor Eric Adams and the Department of City Planning (DCP) have officially launched the public engagement phase of the “Manhattan Plan,” a proposal to add 100,000 new homes to Manhattan over the next decade. The plan, first announced during Adams’ State of the City address, aims to reverse decades of declining housing production in Manhattan and ease soaring housing costs.

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