Residential

250 East 83rd Street Passes the Halfway Mark on Manhattan’s Upper East Side

8:00 am on May 14, 2023 By Michael Young and Matt Pruznick

Construction has passed the halfway mark on 250 East 83rd Street, a 31-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will yield 128 residential units with interiors by Lemay_id, as well as ground-floor retail space. Cauldwell Wingate Company is the general contractor for the property, which is located at the corner of Second Avenue and East 83rd Street.

Rendering of The Italic at 26-32 Jackson Avenue in Long Island City, Queens

Developers Secure $350M Loan for The Italic at 26-32 Jackson Avenue in Long Island City, Queens

7:00 am on May 14, 2023 By Sebastian Morris

American Lions, a joint venture between Fetner Properties and the NY Lions Group, has secured $350 million in construction financing to complete a 49-story residential skyscraper at 26-32 Jackson Avenue in Long Island City, Queens. Designed by SLCE Architects, the project will comprise 283,000 square feet of residential space and 10,000 square feet of retail space.

1 Park Row Rises Above Street Level in Financial District, Manhattan

8:00 am on May 13, 2023 By Michael Young and Matt Pruznick

Construction is rising above street level on 1 Park Row, a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street.

Aerial rendering of the New York City Football Club soccer stadium in Willets Point, Queens

New York City Football Club Reveals Renderings of 25,000-Seat Willets Point Soccer Stadium in Corona, Queens

7:30 am on May 13, 2023 By Sebastian Morris

In a meeting with Willets Point Queens Community Board 7, the New York City Football Club presented its plans to construct a 25,000-seat soccer stadium near Citi Field in Corona, Queens. Known as the Willets Point Revitalization Plan, the scope of work also includes a 100-percent affordable housing project with more than 2,500 units, a 650-seat school, a 250-key hotel, retail and dining locations, and more than 40,000 square feet of public open space.

Governor Hochul Announces Construction of 698-Unit Development at 405-407 West 206th Street in Inwood, Manhattan

7:00 am on May 12, 2023 By Vanessa Londono

This week Governor Kathy Hochul announced the start of construction on a $416 million residential development in Inwood, Manhattan. The two-building, mixed-income project at 405 and 407 West 206th Street will bring nearly 700 apartments with 281 affordable units with free broadband internet, all-electric heating and cooling, and other sustainable features in line with the state’s climate goals. The development is a joint venture among LMXD affiliate of L+M Development Partners, MSquared, and Taconic Partners with the Community League of the Heights as the community sponsor, and Beyer Blinder Belle Architects responsible for design.

262 Fifth Avenue Quickly Rises Over NoMad, Manhattan

8:00 am on May 11, 2023 By Michael Young and Matt Pruznick

Construction is quickly taking shape on 262 Fifth Avenue, a 54-story residential skyscraper in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 860-foot-tall structure will yield 41 condominium units. GEA Consulting Engineers are the MEP engineer of record, and CM & Associates Construction Management is the general contractor for the property, which is located at the southwest corner of Fifth Avenue and West 29th Street.

Rendering of Sherman Plaza at 4650 Broadway - Courtesy of View, Inc.

Residential Tower at 4650 Broadway Tops-Out in Inwood, Manhattan

7:30 am on May 11, 2023 By Sebastian Morris

Construction has topped out on Sherman Plaza, a 19-story mixed-use building at 4560 Broadway in Inwood, Manhattan. Designed by Handel Architects and developed by Arden Group, the structure will yield 222 rental apartments, lower-level retail space, a community facility, and tenant amenities. The latter will include a fitness center, a children’s playroom, a resident lounge, and multiple outdoor terraces.

LPC Designates the Linden Street Historic District in Bushwick, Brooklyn

6:30 am on May 11, 2023 By Vanessa Londono

This week the New York City Landmarks Preservation Commission (LPC) designated the Linden Street Historic District in Bushwick due to the neighborhood’s historic streetscape and distinctive row houses designed by Brooklyn architects.

KPF’s 520 Fifth Avenue Supertall Continues its Ascent in Midtown, Manhattan

8:00 am on May 10, 2023 By Michael Young and Matt Pruznick

Construction is rising on 520 Fifth Avenue, an 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 507,608 square feet with 100 residential units, as well as commercial space on the lower floors and four cellar levels. 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.

Gindi Capital, Avery Hall Secure $110M Construction Financing for 204 4th Avenue in Gowanus, Brooklyn

7:00 am on May 10, 2023 By Vanessa Londono

This week Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit mixed-use, mixed-income building at 204 4th Avenue in Gowanus, Brooklyn. Located at the intersection of the Gowanus and Park Slope neighborhoods on a full city block between Union and Sackett Street, the ground-up construction will also have an expansive amenity package including a rooftop lounge and pool. Affinius Capital LLC provided the construction financing for the project with financing arranged by Christopher Peck and Peter Rotchford of JLL.

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Residential

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