Residential

Two-Tower Development Taking Shape at 267 Bond and 498 Sackett Streets in Gowanus, Brooklyn

8:00 am on May 25, 2023 By Michael Young and Matt Pruznick

Foundation work is wrapping up on Society Brooklyn and Sackett Place, a pair of 21-story residential buildings at 267 Bond Street and 498 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, which acquired both plots for $9 million in 2021, the complex will yield a combined 594,000 square feet with 517 residential units and 52,000 square feet of commercial space. The development is proceeding with $18.5 million in financing from Maxim Capital Group. Urban Atelier Group is the general contractor for the project, which is bound by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

Evening rendering of 1515 Surf Avenue - Courtesy of LCOR

Construction Tops Out at 1515 Surf Avenue in Coney Island, Brooklyn

7:30 am on May 25, 2023 By Sebastian Morris

A 463-unit rental property at 1515 Surf Avenue is now topped out in Coney Island, Brooklyn. Developed by LCOR and designed by Studio V Architecture, the building stands 16 stories tall and also contains 11,000 square feet of retail space on the ground floor.

420 Carroll Street Tops Out in Gowanus, Brooklyn

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

Construction has topped out on the tallest building at 420 Carroll Street, a two-tower residential complex in Gowanus, Brooklyn. Designed by FXCollaborative and developed by Domain Companies, the project consists of a 20-story, 224-foot-tall tower and 15-story sibling and will yield 360 units with 25 percent reserved for affordable housing, as well as 27,500 square feet of retail space, 7,700 square feet of “Gowanus Mix” space pursuant to the 82-block rezoning of the district, and a new public promenade along the Gowanus Canal. Studio Mainer is the interior designer, Scape is the landscape architect, and Mega Contracting Group is the general contractor for the development, which is rising from a trapezoidal plot bound by Carroll Street to the north, the Powerhouse Arts building and its parking lot to the south, and the Gowanus Canal to the west.

Construction Breaks Ground at 429 Second Avenue in Kips Bay, Manhattan

7:00 am on May 24, 2023 By Vanessa Londono

This week CORE Real Estate held a groundbreaking ceremony for 429 Second Avenue, a 12-story residential building in Kips Bay, Manhattan. Designed by DXA Studio with amenity spaces by Paris Forino and developed by New Empire Corp., the 150-foot-tall development will yield 44,571 square feet with 59 condos units. The property is located between East 24th and 25th Streets.

Permits Filed for 1039 42nd Street in Borough Park, Brooklyn

6:30 am on May 24, 2023 By Vanessa Londono

Permits have been filed for a four-story residential building at 1039 42nd Street in Borough Park, Brooklyn. Located between 10th Avenue and Fort Hamilton Parkway, the lot is two blocks from the Fort Hamilton Parkway subway station, serviced by the D train. Joel Friedman is listed as the owner behind the applications.

YIMBY Tours The Bellemont at 1165 Madison Avenue on Manhattan’s Upper East Side

8:00 am on May 23, 2023 By Michael Young and Matt Pruznick

YIMBY toured the interiors of The Bellemont, a 13-story residential building nearing completion at 1165 Madison Avenue on Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects with SLCE Architects as the architect of record and developed by Naftali Group, the 210-foot-tall structure spans 67,680 square feet and will yield 11 condominium units designed by by Achille Salvagni, as well as 3,749 square feet of ground-floor retail space. Titanium Construction Services is the general contractor and Compass Development Marketing Group is leading sales and marketing for the property, which is located at the corner of Madison Avenue and East 86th Street, a short walk from Central Park.

204 4th Avenue Reaches Street Level in Gowanus, Brooklyn

7:30 am on May 23, 2023 By Michael Young and Matt Pruznick

Construction has reached street level on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. With L+Z Architecture as the executive architect and developed by Avery Hall and Gindi Capital, the 200,000-square foot structure will yield 193 rental units and 14,000 square feet of ground-floor retail space, and is part of a wave of upcoming residential projects that is expected to dramatically transform the neighborhood following the approved Gowanus rezoning. Leeding Builders Group is the general contractor for the half-acre property, which is alternately addressed as 655 Union Street and bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.

YIMBY Tours 1289 Lexington Avenue on Manhattan’s Upper East Side

8:00 am on May 22, 2023 By Michael Young and Matt Pruznick

YIMBY took a tour of 1289 Lexington Avenue, a 21-story residential building on Manhattan’s Upper East Side. Designed by HOK Architects and developed by Zeckendorf Development and The Stahl Team, the structure yields 61 condominium units designed by SheltonMindel in two- to five-bedroom layouts spanning 1,526 to 4,546 square feet, with sales and marketing led by BHS and Zeckendorf Marketing. The property is located at the corner of East 86th Street and Lexington Avenue directly above the 86th Street subway station, servicing the 4, 5, and 6 trains.

Permits Filed for 291 Eastern Parkway in Crown Heights, Brooklyn

6:30 am on May 22, 2023 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building at 291 Eastern Parkway in Crown Heights, Brooklyn. Located between Classon and Franklin Avenues, the lot is one block north of the Franklin Avenue-Medgar Evers College subway station, serviced by the 2, 3, 4, and 5 trains. Marc Chemtob of Renaissance Realty Group is listed as the owner behind the applications.

Excavation Underway at 1487 First Avenue on Manhattan’s Upper East Side

8:00 am on May 21, 2023 By Michael Young and Matt Pruznick

Excavation is underway at 1487 First Avenue, the site of an upcoming 24-story residential building on the border of Lenox Hill and Yorkville on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property for $73.5 million in early 2022 from local developer Robert Chou. Previous figures put the height and floor count at 209 feet tall and 24 stories, though a new rendering spotted on site shows a much taller revision. It was last reported that there will be 94 condominium units with an average scope of around 1,900 square feet, 7,120 square feet of ground-floor retail space, and a cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

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Residential

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