Retail

Rendering of 178-02 Hillside Avenue - ADG Architecture

Construction Reaches Completion on Q-East at 178-02 Hillside Avenue in Jamaica, Queens

7:30 am on January 8, 2021 By Sebastian Morris

Construction is now complete on Q-East, an eight-story mixed-use building at 178-02 Hillside Avenue in Jamaica, Queens. Designed by ADG Architecture and developed by Piermont Properties with Racanelli Construction Company as general contractor, the 120,000-square-foot building contains 131 rent-stabilized rental apartments and associated amenity spaces, a 30,000-square-foot parking garage on the second floor, retail space including a CVS Pharmacy on the ground floor, and medical office space.

Renovation Work Underway at 27 Park Place in Tribeca, Manhattan

7:30 am on January 6, 2021 By Michael Young

Renovation work has begun at 27 Park Place, a five-story commercial building in Tribeca that has sat vacant for more than three years after suffering extensive damage from a six-alarm fire on September 1, 2017. Empire State Development, LLC is the general contractor for the project, which is located between Church Street and Murray Street.

Rendering of new residential towers at 250 Water Street - Skidmore, Owings & Merrill (SOM); Howard Hughes Corporation

LPC Reviews Howard Hughes’ Proposals for 250 Water Street in the Financial District, Manhattan

7:30 am on January 5, 2021 By Sebastian Morris

The Landmarks Preservation Commission (LPC) is now reviewing proposals from Howard Hughes Corporation to construct a new pair of high-rise towers at 250 Water Street and a multi-phase expansion of the South Street Seaport Museum in Manhattan’s Financial District. The developer has selected Skidmore, Owings & Merrill as lead architect with supporting design services from JHPA and historic preservation experts Higgins Quasebarth & Partners.

Times Square Theater’s Retail Conversion and Expansion Progresses at 215 West 42nd Street in Times Square, Manhattan

7:30 am on January 3, 2021 By Michael Young

Work is progressing at 215 West 42nd Street, where the historic Times Square Theater is in the process of a retail conversion and expansion. Designed by Beyer Blinder Belle and developed by NYC Economic Development Corporation and Stillman Development International, the $100 million project calls for extensive interior renovations and a vertical extension that will double the structure’s height, bringing it to 138 feet tall and six stories above ground, as well as the addition of a cellar level. The property is located in the heart of Times Square between Seventh and Eighth Avenues, and will yield 52,521 square feet with 34,313 square feet designated for commercial space.

Central Park Tower aka 217 West 57th Street Set for 2021 Completion in Midtown, Manhattan

8:00 am on December 31, 2020 By Michael Young

Taking the top spot in our construction countdown for the third year is the Central Park Tower, the tallest building by roof height in the Western Hemisphere and the tallest residential skyscraper in the world. Designed by Adrian Smith + Gordon Gill and developed by Extell, the 1,550-foot supertall stands nearly complete at 217 West 57th Street on Billionaires’ Row in Midtown. Developers are expecting a $4 billion sellout for its 179 residences, which are being marketed by Corcoran Sunshine.

Rendering of Bronx Point - S9 Architecture

Developers Secure $349M for Bronx Point Affordable Housing Complex, in the South Bronx

7:30 am on December 31, 2020 By Sebastian Morris

L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.

111 West 57th Street’s Façade Continues to Wrap Up in Midtown

8:00 am on December 30, 2020 By Michael Young

Exterior work is getting closer to completion on 111 West 57th Street, a 1,428-foot-tall residential supertall on Billionaires’ Row and number two on our countdown of the tallest projects under construction in the city. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, the 60-unit Midtown skyscraper stands as the world’s most slender structure with a height-to-width ratio of 24:1.

Rendering of 315-317 Broadway looking south - Morris Adjmi Architects

LPC Approves Major Residential Expansion at 315 Broadway in Tribeca

7:30 am on December 29, 2020 By Sebastian Morris

The Landmarks Preservation Commission (LPC) has approved the residential redevelopment of a historic mixed-use building at 315 Broadway in Tribeca. The landmarked structure was originally constructed around 1861 and currently contains a small retail component on the ground floor and four loft spaces above.

Work Continues on ‘The Summit’ Observatory Atop One Vanderbilt in Midtown East

8:00 am on December 28, 2020 By Michael Young

Work is moving along on the observatory in One Vanderbilt, a 1,401-foot-tall commercial supertall in Midtown East and number four on our countdown of the tallest buildings under construction in the city. Designed by Kohn Pedersen Fox and developed by SL Green, the 77-story skyscraper occupies a full-block parcel immediately to the west of Grand Central Terminal. Though the $1.4 billion property has been officially open since its ribbon-cutting ceremony in mid September, the indoor-outdoor observatory dubbed The Summit isn’t due to welcome the public until October 2021.

Construction Wraps Up on 21-59 44th Drive in Long Island City, Queens

7:30 am on December 27, 2020 By Michael Young

Construction is wrapping up on 21-59 44th Drive, a six-story mixed-use building in Long Island City, Queens. Designed by Z Architecture, the structure will bring 20 residential units, 2,600 square feet of retail space, and 361 square feet of community facilities to the northern corner of 44th Drive and 23rd Street.

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