The saga behind the rise of 53 West 53rd Street is finally drawing to a close, and after excavation began approximately one year ago, foundation work is finally beginning for the future supertall. When we last checked on the project, digging had made some progress, but the latest photo set from ILNY shows the base of a crane has now been installed, rebar is arriving, and that excavation work has seemingly wrapped up.
Gateway Estates, a multi-phased development consisting of affordable residential units and commercial space in southern East New York, is now preparing for its final phase of construction. The city is behind schedule in building the proper infrastructure, and work won’t be finished until late 2017, per the New York Daily News, but 1,295 apartments and 225 homes are planned on the vacant land. Financing is expected to close by the end of this year. Nehemiah, the Department of Design and Construction, Metro Industrial Areas Foundation and Monadnock Construction are developing.
A four-story nursing home at 123 Linden Boulevard in Flatbush hit the market in early 2014 asking $20 million. Now the new owner has filed plans for a 57-unit apartment building on the site between Bedford and Rogers Avenues.
In the summer of 2014, YIMBY reported on filings for a five-story, 81-unit residential building at 10 Lexington Avenue and 2 Downing Street, in the southern half of Clinton Hill, and now the building is under construction, currently two stories above street level. According to Brownstoner, the building will measure 55,341 square feet in total, and units will average a rental-sized 683 square feet. Joseph Brunner, of Fulton Street Holdings, is developing, and Zambrano Architectural Design is the architect. Completion is expected in the end of 2016.
A six-story, 163-unit residential building is currently four stories up at 715 Jersey Avenue, in Jersey City’s Hamilton Park neighborhood, on 10th Street. According to The Jersey Journal, the building sits on a 12-foot embankment, where a railway once operated; Conrail abandoned the rail line back in 1995. Completion is expected next summer, and LeFrak is developing the project, dubbed Embankment House. The same developer is also planning an identical residential building a block to the west, between Coles and Mammoth Streets.
