Retail

Rendering of 3 Saint Marks Place - Morris Adjmi Architects

Morris Adjmi Reveals Updated Proposals for 3 St. Mark’s Place in the East Village

Morris Adjmi Architects will appear yet again before the Landmarks Preservation Commission with proposals to construct a new mixed-use office development in the East Village. Located at 3 St. Mark’s Place, the property is positioned on the corner of 3rd Avenue and St. Mark’s Place. The draft proposals also include alterations to an existing structure at 4 St. Mark’s Place and the transfer of approximately 8,400 square feet of build rights to facilitate construction of the new office building.

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Hilton Grand Vacation Hotel Tops Out at 12 East 48th Street in Midtown

Construction on the Hilton Grand Vacation Hotel has topped out at 12 East 48th Street. The 31-story project is being designed by Handel Architects and developed by Hidrock Realty. There will be a total of 161 rooms, an outdoor terrace, and ground-floor retail space. The site was part of a $47 million purchase several years ago. A reinforced concrete structure makes up the frame of the building, which will be clad with white metallic panels.

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Rendering of 141 East Houston Street

$90M Office Building to Replace Sunshine Cinema on Lower East Side

Sunshine Cinema in the Lower East Side will soon be demolished to make room for a nine-story office building. Developers East End Capital and K Property Group have secured some $90 million in financing to fulfill their proposal at 141 East Houston Street. According to Crain’s Business, the development partners obtained a $67 million construction loan from CapitalSource and $19 million of mezzanine financing from Canyon Partners.

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