Residential

Demolition Concludes for Extell’s Potential Supertall at 570 Fifth Avenue in Midtown, Manhattan

8:00 am on December 29, 2022 By Michael Young and Matt Pruznick

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.

Rendering of completely repurposed 25 Water Street, New York City, from office to residential, courtesy of CetraRuddy.

Developers Close on $535M Loan to Redevelop 25 Water Street in Financial District, Manhattan

7:30 am on December 29, 2022 By Sebastian Morris

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 Filed for 195 East 163rd Street in Concourse, The Bronx

6:30 am on December 29, 2022 By Vanessa Londono

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.

Rendering of the Alafia campus along Fountain Avenue and Betts Creek

Renderings Reveal $1.2B Mixed-Use Alafia Campus in East New York, Brooklyn

7:30 am on December 28, 2022 By Sebastian Morris

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 Filed for 1652 Grand Avenue in Morris Heights, The Bronx

6:30 am on December 28, 2022 By Vanessa Londono

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.

Rendering of 963 Atlantic Avenue - Courtesy of Paperfarm; Kutnicki Bernstein Architects

963 Atlantic Avenue Wraps Up Construction in Clinton Hill, Brooklyn

7:30 am on December 27, 2022 By Michael Young and Matt Pruznick

Construction is wrapping up on 963 Atlantic Avenue, a nine-story residential building in Clinton Hill, Brooklyn. Designed by Kutnicki Bernstein Architects and developed by Efraim Weber, the structure will yield 124 rental units designed by Durukan Design in studio, one-, and two-bedroom layouts, as well as ground-floor retail space for two tenants and a selection of amenities. Durukan Designers is the interior designer and NY Developers and Management is the general contractor for the property, which is alternately addressed as 957 Atlantic Avenue and is located between Classon Avenue to the east and Grand Avenue to the west.

Rendering of the new town square in Riverhead, Long Island

New York State Awards $20M to Support Community Projects in Riverhead and Amityville, Long Island

7:00 am on December 27, 2022 By Sebastian Morris

Riverhead and Amityville, a pair of small towns in Suffolk County, Long Island, are the latest recipients of a $10 million Downtown Revitalization Initiative (DRI) award from New York State agencies. The initiative is described as an economic development program and is backed by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA.

Permits Filed for 450 East 158th Street in Melrose, The Bronx

6:30 am on December 27, 2022 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building for supportive housing at 450 East 158th Street in Melrose, The Bronx. Located between 3rd Avenue and Elton Avenue, the lot is near the 3rd Avenue- 149th Street subway station, serviced by the 2 and 5 trains. Guido Subotovsky of Azimuth Development Group is listed as the owner behind the applications.

Brooklyn Tower’s Façade Continues to Wrap Up at 9 DeKalb Avenue in Downtown Brooklyn

8:00 am on December 26, 2022 By Michael Young and Matt Pruznick

At number six on our December countdown of the tallest buildings under construction in New York is The Brooklyn Tower, a 1,066-foot residential supertall at 9 DeKalb Avenue in Downtown Brooklyn. Designed by SHoP Architects and developed by JDS Development, the 93-story skyscraper stands as the tallest building in the outer boroughs that will yield 150 condominium units, 280 market-rate rentals, 120 affordable rentals, and a 100,000-square-foot retail podium incorporated into the renovated landmark Dime Savings Bank of Brooklyn. Douglas Elliman Development Marketing Group is the exclusive marketing, sales, and leasing agent for the residential component, which includes 150 units for purchase and 120 affordable rental units. Gachot Studios is the residential interior designer, Krista Ninivaggi of Woods Bagot is the amenity designer, and HMWhite is the landscape designer for the property, which is bound by Flatbush Avenue Extension to the northeast, Fleet Street to the northwest, DeKalb Avenue to the south, and the adjoining Dime Savings Bank to the west.

Updated rendering of proposed property at 14th Street and Ninth Avenue - BKSK Architects

44-54 Ninth Avenue’s Expansion Tops Out in Chelsea, Manhattan

7:30 am on December 26, 2022 By Michael Young and Matt Pruznick

Construction has topped out on 44-54 Ninth Avenue, an eight-story commercial expansion project on the border of Chelsea, the Meatpacking District, and the West Village. Designed by BKSK Architects for Tavros Capital, the development involves the construction of a new office volume and the restoration of a row of a landmarked townhomes. Broadway Construction is the general contractor for the property, which is alternately addressed as 351-355 West 14th Street and located at the intersection of West 14th Street and Ninth Avenue.

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