Residential

125 Greenwich Street

Financing Underway For 91-Story, 275-Unit Supertall Residential Tower At 125 Greenwich Street, Financial District

In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.

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2372 Boynton Place

Three-Story, Two-Unit Residential Project Planned At 2372 Boynton Place, Gravesend

Property owner Leon Chang has filed applications for a three-story, two-unit residential building at 2372 Boynton Place, in southern Gravesend, located a block from the Avenue X stop on the F train. The new building will encompass 4,500 square feet and will boast 3,873 square feet of residential space. One apartment will span the ground floor and the second will take up the second and third floors. If residential space is divided as such, the ground floor unit will measure 1,290 square feet and the second unit will measure a spacious 2,583 square feet. Jung Wor Chin Architect is the architect of record. The 25-foot-wide lot is currently occupied by a two-story, single-family, wood-framed structure. Demolition permits have already be filed to raze it.

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160 Leroy Street

Excavation Kicks Off At 12-Story, 49-Unit Condo Project At 160 Leroy Street, West Village

Back in November of 2015, new details and renderings surfaced of the planned 12-story, 49-unit residential building at 160 Leroy Street, in the West Village, and YIMBY can now report that excavation is underway, as seen in a photo by Tectonic. Developers Ian Schrager, Vector Group, and Carlton Group secured $265 million in financing last month for the 184,935-square-foot project. The condominium units will average a very spacious 2,874 square feet apiece, with units ranging from 1,100 square feet to a 12,000-square-foot penthouse, and amenities include landscaped courtyards and gardens, a 70-foot swimming pool and spa, an entertainment lounge, a kids clubhouse, a gym, and an 834-square-foot restaurant. Herzog & de Meuron is the design architect, S9 Architecture & Engineering is serving as the architect of record, and Christian Liaigre is responsible for the interiors. Completion is expected in 2017.

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655 Quincy Street, rendering by Input Creative Studio

Revealed: 655 Quincy Street, Bed-Stuy

Vacant lots are quickly becoming a thing of the past in Bed-Stuy, where developers are snatching them up and building little residential projects. Today YIMBY has the reveal for a four-story rental building under construction at 655 Quincy Street, between Stuyvesant Avenue and Malcolm X Boulevard.

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712 East 175th Street, image via Google Maps

More Market Rate Housing Coming to East Tremont at 712 East 175th Street

When Robert Moses built the Cross-Bronx Expressway half a century ago, he demolished dozens of large apartment buildings in East Tremont to make way for the six-lane highway. It’s taken the blocks nearby decades to recover, but they are finally seeing new life, in the form of large affordable apartment buildings and small market-rate ones. Yesterday, new building applications were filed for a six-story, market-rate apartment building at 712 East 175th Street.

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