It won’t be the largest new single-building residential project in New York City, but by any measure developer TF Cornerstone’s 606 West 57th Street will be big. Thanks to photos posted to the YIMBY Forums by user JC_Heights, it can be seen that foundation work is well underway.
The Anbang Insurance Group Co. is planning to convert up to 1,100 hotel rooms of the 1,413-key Waldorf Astoria into an undisclosed number of condominiums. The 47-story, 625-foot-tall luxury hotel is at 301 Park Avenue, located on the block between East 49th and 50th streets in Midtown East. The hotel-to-residential conversion would retain between 300 to 500 hotel rooms, which will also see renovations of their own, according to the Wall Street Journal. The project is expected to cost $1 billion, and would close the Waldorf Astoria for up to three years. Hilton Worldwide Holdings Inc. will remain the hotel operator following the conversion. The Landmarks Preservation Commission will have to approve any exterior alterations. The hotel played host to the president of the United States for decades until China-based Angang acquired the property, an individual landmark, for $1.95 billion in 2015. During last year’s United Nations General Assembly, President Barack Obama stayed at the Lotte New York Palace Hotel.
The 36-story, 372-unit residential tower being constructed at 225 East 39th Street, located on Tunnel Exit Street between East 39th and 40th streets in Murray Hill, has topped out since YIMBY’s last update in February, when the structure was 16 stories above street level. Curtain wall installation is now underway on the structure, as seen in photos posted to the YIMBY Forums by Tectonic. The building measures 373,248 square feet in its entirety, and its residential units, which will be rental apartments, should average 922 square feet apiece. Twenty percent of the units, or 75, will rent at below-market rates through the affordable housing lottery. Amenities include a fitness center, a children’s playroom, tenant lounges, a café, a library, a landscaped courtyard, and a recreational area on the 35th floor. Fisher Brothers is the developer, and Handel Architects is behind the architecture. Completion can probably be expected later this year.
Staten Island-based Forest Side Properties has filed applications for a four-story, three-unit residential building at 730 Bay Street, in Clifton, along Staten Island’s North Shore. The structure will measure 4,729 square feet, which means its full-floor units should average a spacious 1,576 square feet apiece, indicative of condominiums. Amenities include five off-street parking spots and a roof deck. David L. Businelli’s Staten Island-based Studio 16 Architecture is the architect of record. The 68-foot-wide, 8,252-square-foot assemblage consists of a vacant 54-foot-wide lot and the 12-foot-wide property at 726 Bay street, currently occupied by a four-story house. Demolition permits haven’t yet been filed. The site is located three blocks north of the neighborhood’s Staten Island Railway station.
Flushing-based Applo Development Group has filed applications for four three-story, three-unit residential buildings at 42-02 – 42-10 164th Street, in Murray Hill, located to the east of Downtown Flushing. They will measure between 3,732 square feet and 3,748 square feet. Across the entire development, the full-floor residential units should average 891 square feet apiece, which could mean either homes or rental apartments are in the works. Each structure will feature a two-car garage. Michael Mastrogiacom’s Rye, N.Y.-based Mastrogiacomo Engineering is the applicant of record. The 7,923-square-foot site, located at the corner of Stanford Avenue, is currently occupied by two two-and-a-half-story houses. Demolition permits were filed in March.
