Residential

1059 Third Avenue, rendering by Real Estate Inverlad

1059 Third Avenue Over Halfway to Pinnacle on Manhattan’s Upper East Side

It has been less than four years since permits were filed for 1059 Third Avenue, but thanks to Tectonic we can see the tower has now risen 21 floors above the Upper East Side, on the way to its 30-story pinnacle. The project is one of several new high-rises coming to the neighborhood. Real Estate Inverland and Third Palm Capital are responsible for the development. The site was purchased for $40 million in 2012, costing just over $330 per buildable square foot.

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24-16 Queens Plaza South, image via the Court Square Blog

Residential Tower Tops Out at 24-16 Queens Plaza South in Long Island City

Greystone Development‘s most recent residential project has now topped-off at 24-16 Queens Plaza South. Located in Long Island City, the 23-story tower will eventually comprise over 100,000 square feet, yielding 117 residential units and a full suite of amenities including an open-air rooftop deck, a pool, a fitness center, co-working spaces, and more to be announced upon completion. The latest update comes from The Court Square blog, and also includes a fresh rendering.

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Redevelopment of DUMBO’s 29 Jay Street Seeks LPC and Zoning Approvals

Developer Forman Ferry has proposed redeveloping an existing two-story structure with a new 11-story commercial office building with ground floor retail. Located at 29 Jay Street in the DUMBO Historic District, the project would require approvals from both the Landmark Preservation Commission and the City Planning Department to proceed. The agencies will specifically review the 150-foot proposed height of the building, which requires new zoning amendments, and how the exterior facade would impact the existing aesthetic of the surrounding neighborhood.

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