BRP Companies and its development partners have closed on a $294 million construction loan to complete a new 477-unit rental building in downtown New Rochelle. Located at 500 Main Street, the collection of homes will range from studios up to two-bedroom accommodations including 119 affordable housing units.
Excavation work is moving along at 27-01 Jackson Avenue, the site of a 27-story residential skyscraper in the Court Square district of Long Island City, Queens. The 151,000-square-foot tower is being designed by SLCE Architects for Fetner Properties and Lions Group, which secured a $95 million construction loan for the development. The financial package was done under a joint venture, American Lions, LLC, with the funds provided by Bank Leumi USA, Leumi Partners, and Israel Discount Bank. Lions Group II, LLC is the general contractor for the property, which is located at the corner of Jackson and 43rd Avenues.
Fresh renderings by DBOX shed new light on PENN 15, a 56-story, 1,200-foot-tall commercial skyscraper at 15 Penn Plaza in Midtown, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 2.7 million-square-foot supertall will rise from the site of the Hotel Pennsylvania, which has been closed since early 2020 and is beginning the demolition process. The tower will be the tallest component in the 7.4-million-square-foot Penn District master plan, on a plot bound by Seventh Avenue to the west, West 32nd Street to the south, and West 33rd Street to the north.
The Jersey City Redevelopment Agency is now reviewing proposals to construct West Side Crossing, a four-tower complex with more than 3,000 residential units. Located on an eight-acre assemblage near the Hackensack riverfront, West Side Crossing is the latest project from Bushburg Properties, which appointed Marchetto Higgins Stieve as architect of record.
Demolition is underway at 570 Fifth Avenue, the site of a potential supertall skyscraper in Midtown, Manhattan. Developed by Extell, the tower could reach a height of 1,100 feet and 78 floors on a 43,011-square-foot plot at the corner of Fifth Avenue and West 46th Street. The parcel had mostly sat vacant for the past several years, and includes several old structures that are now in the process of being razed. There is still no architect publicly announced, nor clear indication of the building’s programming, though a series of zoning and massing diagrams and ground-floor plans suggest either an office complex or a residential and hotel development, with the latter reaching supertall status.
![Updated rendering of 95 Marginal Street (The Tin Building) - Roman & Williams Buildings and Interiors - [From left to right] View of previously submitted renderings of illuminated signage at 95 Marginal Street (The Tin Building) and current renderings - Roman & Williams Buildings and Interiors](https://newyorkyimby.com/wp-content/uploads/2021/08/Updated-rendering-of-95-Marginal-Street-The-Tin-Building-Roman-Williams-Buildings-and-Interiors-260x143.jpg)
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