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109 East 79th Street. Rendering by Noë & Associates with The Boundary

Finishing Touches Underway on 109 East 79th Street on Manhattan’s Upper East Side

8:00 am on May 20, 2023 By Michael Young and Matt Pruznick

Finishing touches are wrapping up on 109 East 79th Street, a 20-story residential building on Manhattan’s Upper East Side. Designed by Steven Harris Architects and developed by Legion Investment Group, the 210-foot-tall structure yields 145,000 square feet and 31 condominium units ranging from two-bedroom layouts to five-bedroom full-floor penthouses, with the largest spanning over 6,000 square feet with a private rooftop terrace. Corcoran Sunshine Marketing Group’s Cathy Franklin Team is leading sales and marketing for the property, which is located on the north side of East 79th Street between Lexington and Park Avenues.

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The Arabella at 4720 Third Avenue Tops Out Over Belmont, The Bronx 

8:00 am on May 19, 2023 By Michael Young and Matt Pruznick

Last Thursday, YIMBY attended the topping out of The Arabella at 4720 Third Avenue, a nine-story residential building in the Belmont section of The Bronx. Designed by Ismael Leyva Architects and developed by Vertical Community Development and Sioni Group, the structure will yield 165 market-rate and affordable units designed by Marin Architects as well as retail space and a collection of amenities in the podium. DeSimone Structural Engineers is the structural engineer, REAL New York is handling leasing and marketing, and OmniBuild Construction is the general contractor for the project, which occupies a trapezoidal plot bound by East 189th Street to the north, East 188th Street to the south, Washington Avenue to the east, and Third Avenue to the west.

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Street view of 358 West 58th Street - Courtesy of the Hudson Hotel

Hudson Hotel Secures $100M Loan to Complete Residential Conversion in Hell’s Kitchen, Manhattan

7:30 am on May 19, 2023 By Sebastian Morris

A residential conversion of the Hudson Hotel will move forward following the acquisition of a $100 million financial package from Northwind Group. Located at 358 West 58th Street in Hell’s Kitchen, Manhattan, the existing 878-key hotel will be redeveloped to support 441 rental apartments and more than 50,000 square feet of retail space. CSC Coliving, repeat Northwind Group borrowers, will oversee the conversion of the property, which is situated between Eighth and Ninth Avenues, just southwest of Columbus Circle and Central Park.

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