Retail

One Madison Avenue’s Tower Expansion Tops Out in Flatiron District, Manhattan

7:30 am on December 19, 2022 By Michael Young

Construction has topped out on One Madison Avenue, a 27-story commercial building in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the National Pension Service of Korea, and Hines, the project involves the gut renovation and expansion of a former eight-story structure and will yield 1.4 million square feet of office space as well as retail space and a slate of amenities. Banker Steel provided the steelwork, NYC Constructors is assembling the new expansion, and AECOM Tishman is the construction manager for the property, which occupies a full block at the southeast corner of Madison Square Park.

Updated renderings of Nova at 41-05 29th Street - Fogarty Finger

Developers Secure $62M Loan for NOVA Condominium Tower at 41-05 29th Street in Long Island City, Queens

7:00 am on December 19, 2022 By Sebastian Morris

SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.

Foundation Work Begins at 43-30 24th Street in Long Island City, Queens

8:00 am on December 18, 2022 By Michael Young

Number 14 on our December countdown of the tallest buildings under construction in New York is 43-30 24th Street, a 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor commercial retail space. The developer purchased the 79,250-square-foot full-block parcel from Stawski Partners for $200 million in March and later secured a $364 million construction loan from Wells Fargo to complete the project. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.

Construction Breaks Ground at 14 White Street in Tribeca, Manhattan

7:30 am on December 18, 2022 By Michael Young

Excavation has begun at 14 White Street, the site of a seven-story residential building in the Tribeca East Historic District. Designed in collaboration between NAVA and DXA Studios and developed by 14 White Street Property Owner LLC, the 30,000-square-foot structure will yield ten condominium units ranging from 1,200-square-foot two-bedroom homes to four-bedroom layouts spanning 4,000 square feet. Central is the general contractor for the property, which is bound by White Street to the south and Sixth Avenue to the east.

One Journal Square Rendering. Courtesy of Woods Bagot

Excavation Progresses for One Journal Square Twin-Skyscraper Development in Jersey City, New Jersey

8:00 am on December 17, 2022 By Michael Young

The 15th-tallest building on our year-end countdown is One Journal Square, a two-tower residential and retail complex at 10 Journal Square Plaza in the Journal Square section of Jersey City, New Jersey. Designed by Woods Bagot and developed by Kushner Real Estate Group, the $1 billion project comprises two 64-story, 710-foot-tall skyscrapers with 1,723 units above a shared podium with 40,000 square feet of retail space and an enclosed parking garage. The development will also include a public plaza. ADJ Construction is the general contractor for the property, which is located directly next to the Journal Square PATH Station and bound by Sip Avenue to the south and Bergen Avenue to the west.

Excavation Begins at 98 DeKalb Avenue in Fort Greene, Brooklyn

8:00 am on December 16, 2022 By Michael Young

Number 16 on YIMBY’s countdown of the tallest projects underway in New York is 98 DeKalb Avenue, a 49-story residential skyscraper in Fort Greene, Brooklyn. Designed by SLCE Architects and developed by Rockrose Development, the 610-foot-tall tower will yield 418,092 square feet with 609 residential units and 3,775 square feet of commercial space. PAL Environmental Services is the general contractor for the project, which is alternatively addressed as 180 Ashland Place and is located at the corner of DeKalb Avenue and Ashland Place.

Rendering of Logan Fountain - MHG Architects

Developers Celebrate Groundbreaking on Logan Fountain at 265 Logan Street in Cypress Hills, Brooklyn

7:30 am on December 16, 2022 By Sebastian Morris

Developers and elected officials recently joined for a groundbreaking ceremony at Logan Fountain, a 169-unit mixed-income housing property at 265 Logan Street in Cypress Hills, Brooklyn. Designed by MHG Architects and developed in collaboration by The Hudson Companies, Jericho Project, and HELP USA, the 13-story building is the latest development to break ground as a result of the 2016 East New York Rezoning Initiative and will comprise a mix of affordable and supportive housing units. Construction began in August and is expected to wrap up by the end of 2024.

Demolition Nears Completion for 40-Story Office Skyscraper at 415 Madison Avenue in Midtown East, Manhattan

8:00 am on December 15, 2022 By Michael Young

The 17th-tallest building on our year-end countdown is 415 Madison Avenue, a 40-story commercial skyscraper in Midtown East. Designed by Skidmore Owings & Merrill and developed by 415 Madison Avenue LLC, the 605-foot-tall tower will yield 343,100 square feet of office space, a 350-square-foot ground-floor retail pavilion, and a 2,400-square-foot open-air public concourse. The project is being constructed in compliance with the East Midtown sub-district regulations, with air rights purchased from the landmarked St. Bartholomew’s Church along Park Avenue. PAL Environmental Services is the general contractor and Rudin Management is the owner of the property, which is located at the corner of Madison Avenue and East 48th Street.

Below-Grade Work Progresses for The Brook at 589 Fulton Street in Downtown Brooklyn

8:00 am on December 14, 2022 By Michael Young

At number 18 on our year-end countdown of the tallest buildings under construction in the New York area is The Brook, a 51-story residential skyscraper at 589 Fulton Street in Downtown Brooklyn. Designed by Beyer Blinder Belle and developed by Witkoff and Apollo Global Management, the 600-foot-tall structure will yield 591 units with 30 percent reserved for affordable housing, as well as 30,000 square feet of retail space and a 12,000-square-foot cellar level. Bonetti Kozerski is the interior designer and Suffolk Construction is the general contractor for the property, which is bound by DeKalb Avenue to the north, Fulton Street to the south, Flatbush Avenue diagonally to the east, and Bond Street to the west.

Rendering of Sunset Park - Courtesy of Newmark

Sunset Yards Debuts at 341 39th Street in Sunset Park, Brooklyn

7:30 am on December 14, 2022 By Sebastian Morris

Sunset Yards, a ten-story converted factory, is now open for business at 341 39th Street in Sunset Park, Brooklyn. Completed by New Gables Capital, the building will serve as the new home of the Brooklyn Prospect Sunset Yards Elementary School and New York Studio Factory, a coworking venture that provides space for musicians, producers, artists, and small local businesses.

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