Construction is now complete on The Wales, a newly converted condominium property at 1295 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Led by owner-developer Adellco alongside Parisian design studio PINTO, the building features 21 homes and a modest collection of amenity spaces. The property is located at the corner of 92nd Street and Madison Avenue.
Exterior work is continuing on 165 Broome Street, a 15-story affordable housing building on Manhattan’s Lower East Side. Designed by Handel Architects and developed by Grand Street Guild Housing Development Fund Company, Grand Street Guild East Housing Development Fund Company, Southeast Grand Street Guild Housing Development Fund Company, and Clinton Broome Development LLC, the 235,235-square-foot structure is also known as “Building 3-5” and will yield 235 units in studio to three-bedroom layouts, and 65,668 square feet for parking space with a capacity for 126 vehicles. The development will eventually be joined by a 215-foot-tall, 16-story “Building 3-6” at 151 Broome Street to the east, and the properties are expected to yield a combined total of 480 units. Monadnock Construction is the general contractor for the project, which is located within the Seward Park Extension master plan and bound by Broome Street to the north, Pitt Street to the east, and Clinton Street to the west.
The Domain Companies has launched an affordable housing lottery for apartments at The Estela, a two-building rental complex in the Mott Haven section of the South Bronx. Located at 414 and 445 Gerard Avenue, the property contains a mix of 380 market-rate units, 164 affordable apartments, 35,000 square feet of tenant amenities, and about 9,000 square feet of ground-floor retail space, which will include a grocery store.
Permits have been filed for a four-story residential building at 722 St. Lawrence Avenue in Soundview, The Bronx. Located between Lafayette Avenue and Soundview Avenue, the lot is closest to the St. Lawrence Avenue subway station, serviced by the 6 train. Oltjon Abdyli of Soundview Corners is listed as the owner behind the applications.
Excavation is in full swing at 18 West 55th Street, the site of a forthcoming 24-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed Garden Homes under the 18 West 55th Street LLC, the 289-foot-tall structure will yield 152,084 square feet with 97 rental units spread across 127,909 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. Garden Homes and co-developer and general contractor Skyline Developers purchased the property, which is located between Fifth and Sixth Avenues, for $75 million in 2019.
