At number three on our December countdown of the tallest buildings underway in New York is 570 Fifth Avenue, a potential 1,101-foot supertall in Midtown, Manhattan. Developed by Extell, the skyscraper could rise 78 stories and span 1.4 million square feet with hotel and condominium components. Alternately, the plot could give rise to an 860-foot-tall, 47-story office tower yielding more than 1.5 million square feet. ALBA Services is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 46th Street.
Newmark has arranged a $535.8 million loan to support a 22-story office-to-residential conversion project at 25 Water Street in Manhattan’s Financial District. The joint venture behind the project includes GFP Real Estate, Metro Loft Management, and Rockwood Capital.
Permits have been filed for a six-story mixed-use building at 195 East 163rd Street in Concourse, The Bronx. Located at the intersection of East 163rd Street and Sheridan Avenue, the corner lot is a short walk south of the 167th Street subway station, serviced by the B and D trains. Yoel Brody is listed as the owner behind the applications.
Developers and New York State agencies have revealed renderings for Alafia, a 27-acre redevelopment project in East New York, Brooklyn. Located along Fountain Avenue near the Betts Creek waterfront, the $1.2 billion multi-phase campus will create 2,400 affordable apartments, a 15,000-square-foot outpatient medical clinic, retail space, multiple parking areas, and a mix of publicly accessible green space and recreational area.
Permits have been filed to expand a two-story, two-unit mixed-use building at 1652 Grand Avenue in Morris Heights, The Bronx. Located between West 174th Street and West 176th Street, the lot is near the 176th Street subway station, serviced by the 4 train. Isaac Friedman is listed as the owner behind the applications.