Construction is continuing to rise on 262 Fifth Avenue, a 56-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 26 condominium units averaging 3,200 square feet apiece with at least one becoming a quadruplex. GEA Consulting Engineers is the MEP engineer and CM & Associates Construction Management is the general contractor for the project, which located on a 5,000-square foot property on the southwest corner of Fifth Avenue and West 29th Street.
Construction is progressing on 304 Water Street in Vinegar Hill, Brooklyn, where a two-story industrial structure is being expanded into a four-story residential building. Yatziv Corp. is the general contractor for the property, which was acquired by 304 Water LLC for $1.85 million in a deal brokered by Investment Property Realty Group. The 1,900-square-foot plot is located between Hudson Avenue to the east and Gold Street to the west.
Construction teams have broken ground at 212 West 124th Street, the site of a new affordable housing tower within the Marcus Garvey Village complex in Central Harlem. From developer Carthage Real Estate Advisors and Body Lawson Associates Architects and Planners, the new building is expected to debut next winter.
New renderings have been released for The 88, an upcoming residential development at 153-10 88th Avenue in Jamaica, Queens. Located at the intersection of 153rd Street and 88th Avenue, the nine-story new construction will comprise 223 studio, one-, and two-bedroom rental units. Thirty percent of the residences will be designated as affordable through the Affordable NY Program with the rest at market rate. Zara Realty is the developer and Corcoran New Development is the exclusive marketing and leasing agent for The 88.
Exterior work is progressing on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.