TF Cornerstone will soon welcome Chip City Cookies, an expanding New York City-based bakery, as a retail tenant at 278 Seventh Avenue in Chelsea, Manhattan. Designed by FXCollaborative, the 14-story rental property known as Chelsea Centro opened in 2001 and comprises around 133,000 square feet. Chip City Cookies is expected to open at the beginning of next year.
Panepinto Properties has closed on a $193 million construction loan to complete Pathside, a 605-unit rental tower in Jersey City. Located at 499 Summit Avenue in the city’s Journal Square neighborhood, the building is designed by HLW International and will top out at 53 stories or about 566 feet.
Permits have been filed for a seven-story mixed-use building at 140 Lexington Avenue in Kips Bay, Manhattan. Located on the northwest corner of Lexington Avenue and East 29th Street, the lot is near the 28th Street subway station, serviced by the 6 train. Idan Magen is listed as the owner behind the applications.
Permits have been filed for an eight-story residential building at 480 St. John’s Place in Prospect Heights, Brooklyn. Located between Classon Avenue and Washington Avenue, the lot is near the Eastern Parkway-Brooklyn Museum subway station, serviced by the 2, 3, and 4 trains. Yitzi Gantz of Hig Associates is listed as the owner behind the applications.
Façade installation has begun on 520 Fifth Avenue, a rising 88-story residential supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,002-foot-tall skyscraper will yield 415,000 square feet with 100 condominium units, as well as commercial space on the lower floors and four cellar levels. Charles & Co. is going to be the interior designer, WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.
