Residential

1305-1307 Third Avenue Reaches Street Level on Manhattan’s Upper East Side

7:30 am on June 25, 2023 By Michael Young

Construction has reached street level at 1305-1307 Third Avenue, the site of an upcoming 18-story, 214-foot-tall residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by EJS Development under the 1303 Third LLC, the corner property is expected to yield 38 units and span 97,569 square feet. Triton Construction Industry is the general contractor for the project, which is located at the intersection of Third Avenue and East 75th Street. The developer purchased the 8,178-square-foot site for $32.5 million in March 2021.

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Silverstein Properties and Parx Casino Reveal The Avenir at 514 Eleventh Avenue in Midtown, Manhattan

8:00 am on June 24, 2023 By Michael Young and Matt Pruznick

A new set of renderings has been revealed for The Avenir, Silverstein Properties and Parx Casino’s bid for a 1.8-million-square-foot hotel, gaming, entertainment, and residential complex at 514 Eleventh Avenue in Midtown, Manhattan. Designed by Steelman Partners and CetraRuddy, the 46-story two-tower complex will yield 1,000 guests rooms, more than 100 affordable housing units reserved for New Yorkers, 12 full-service restaurants, an elevated 1,000-seat performance hall, and an eight-story, 600,000-square-foot podium. The project aims to create 4,000 union construction jobs, over 5,500 permanent union jobs, and billions of dollars in economic development for the state and city. The property, owned by Silverstein since 1984 and alternatively addressed as 520 West 41st Street, spans a full block between West 40th and West 41st Streets and Eleventh and Galvin Avenues, just north of the Jacob K. Javits Center. The plot has sat vacant for the last eight years, and the development team expects the project to be shovel ready upon approval.

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