Construction teams at TSX Broadway, a mixed-use hotel tower at 1568 Broadway in Times Square, have begun work on the lifting of the Palace Theatre. The historic venue is being hoisted 30 feet above street level to make way for ground-floor retail space.
Permits have been filed for a 22-story mixed-use building at 1695 2nd Avenue on Manhattan’s Upper East Side. Located between East 87th Street and East 88th Street, the lot is two blocks north of the 86th Street subway station, serviced by the Q train. Aimco is listed as the owner behind the applications.
Demolition is ramping up at 258-278 Eighth Avenue, the site of a 12-story mixed-use building in Chelsea, Manhattan. Developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, which acquired the 40,000-square-foot parcel in 2017, the new building will yield multiple levels of retail space and 190 rental apartments. Breeze is the general contractor and Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is located along Eighth Avenue between West 23rd and West 24th Streets. The architect is still unknown.
Construction has topped out on NOVA, a 24-story condominium tower at 41-05 29th Street in Long Island City, Queens. Developed by SB Development Group, the building will yield 84 units and ground-for retail space. The homes will range from studios up to three-bedroom layouts, and each floor will support no more than five condos.
Permits have been filed for a 13-story residential building at 120 East 144th Street in Mott Haven, The Bronx. Located between Walton and Gerard Avenues, the interior lot is one block from the 149 Street – Grand Concourse subway station, serviced by the 2, 4, and 5 trains. Besyata Investment Group is listed as the owner behind the applications.
