Residential

501 Ninth Avenue Rises Above Street Level in Midtown, Manhattan

7:30 am on March 18, 2024 By Michael Young

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 Realty 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.

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

7:30 am on March 17, 2024 By Michael Young and Matt Pruznick

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.

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

8:00 am on March 16, 2024 By Michael Young and Matt Pruznick

New renderings have been revealed for 520 Fifth Avenue, an 88-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 1,002-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.

Permits Filed for 31-16 21st Street in Astoria, Queens

6:30 am on March 16, 2024 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building at 31-16 21st Street in Astoria, Queens. Located between 31st Road and 31st Avenue, the lot is near the 30th Avenue subway station, serviced by the N train. Weitao Shi of Central Realty LIC LLC is listed as the owner behind the applications.

Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

7:30 am on March 15, 2024 By Max Gillespie

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.

Permits Filed for 88 East 2nd Street in Manhattan’s East Village

6:30 am on March 15, 2024 By Vanessa Londono

Permits have been filed for a seven-story mixed-use building at 88 East 2nd Street in Manhattan’s East Village. Located near the northwest intersection of First Avenue and East 2nd Street, the lot is near the Bleecker Street subway station, serviced by the 6 train. Manny Ashourzadeh of Romah Management Corp. is listed as the owner behind the applications.

New Renderings Revealed For Wynn Resorts At Phase Two Of Hudson Yards

8:00 am on March 14, 2024 By Michael Young

Wynn Resorts revealed a series of new renderings for its proposed casino and hotel location within phase two of Hudson Yards. Developed with Related Companies, the master plan, expected to cost $12 billion, consists of multiple skyscrapers that will additionally yield space for 1,500 apartments, two million square feet of office space, a public school, and a daycare center. The master plan is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

7:30 am on March 14, 2024 By Max Gillespie

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

Permits Filed for 157 Leonard Street in East Williamsburg, Brooklyn

6:30 am on March 14, 2024 By Vanessa Londono

Permits have been filed for a four-story residential building at 157 Leonard Street in East Williamsburg, Brooklyn. Located between Stagg Street and Scholes Street, the lot is closest to the Broadway subway station, serviced by the G train and the Montrose Avenue station, serviced by the L train. Hershy Silberstein of Blue Shone Builders Inc. is listed as the owner behind the applications.

Foundations Underway at 1034-1042 Atlantic Avenue in Crown Heights, Brooklyn

8:00 am on March 13, 2024 By Michael Young and Matt Pruznick

Foundation work is moving along at 1034-1042 Atlantic Avenue, the site of a 17-story residential building in Crown Heights, Brooklyn. Designed by Archimaera Architecture and developed by Elie Pariente of EMP Capital Group, the 175-foot-tall structure will span 172,789 square feet and yield 193 rental units with an average scope of 828 square feet, as well as 12,980 square feet of commercial space, a cellar level, a 62-foot-long rear yard, 20 enclosed parking spaces, and one loading berth. Countrywide Builders is the general contractor for the property, which is located on an interior lot between Atlantic Avenue and Pacific Street and Classon and Grand Avenues.

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Residential

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