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Rendering of The Torch at 740 Eighth Avenue by ODA and SLCE Architects. Photo by Michael Young

The Torch Resumes Construction at 740 Eighth Avenue in Times Square, Manhattan

8:00 am on June 2, 2025 By Michael Young and Matt Pruznick

Foundation work has resumed for The Torch, a 52-story mixed-use supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA and developed by Extell, the 1,067-foot-tall structure will span 875,372 square feet and yield an 825-room hotel topped by a public outdoor observation deck with a drop ride attraction in its signature stemlike column. The project is also slated to include lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. SLCE Architects is the architect of record for the development, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

Phase Two of The Peninsula Tops Out in Hunts Point, The Bronx

7:30 am on June 2, 2025 By Michael Young and Matt Pruznick

Construction has topped out on the second phase of The Peninsula, a 100-percent affordable residential complex in Hunts Point, The Bronx. Developed and built by Gilbane Development, Hudson Companies, MHANY Management, and Broadway Builders, the entire master plan will consist of four mixed-use buildings yielding 740 affordable homes. The development will also contain a light-industrial manufacturing facility, 15,000 square feet of retail space, a grocery store, and 57,000 square feet of open public plazas. There will also be 52,000 square feet of community facility space slated to be occupied by a DOE administered Head Start facility, Inspiration Point’s cultural arts facility, and a Health and Wellness Center operated by UrbanHealth Plan. The property is located along Spofford Avenue between Manida and Tiffany Streets.

Street-level perspective of Vermella East Brunswick.

Phase One of Vermella Residential Complex Takes Shape in East Brunswick, New Jersey

7:30 am on June 1, 2025 By Michael Young and Matt Pruznick

Exterior work is progressing on Vermella East Brunswick, a 40-acre, $500 million complex in East Brunswick, New Jersey. Designed by Shore Point Architecture and developed by River Development Equities in partnership with Russo Development, the master plan will span nearly 790,000 square feet and yield 535 rental apartments and 218 townhomes. The complex will also include retail space, restaurants, medical offices, and additional commercial space, as well as indoor and outdoor residential amenities. The project site is bounded by Ruth Street to the north, Lake Avenue to the south, Route 18 to the east, and Renee Road to the west.

499 President Street Finishes Construction in Gowanus, Brooklyn

8:00 am on May 30, 2025 By Michael Young and Matt Pruznick

Construction is finished on 499 President Street, a ten-story residential building in Gowanus, Brooklyn. Designed by SLCE Architects and developed by the Brodsky Organization and Avery Hall Investments, the 85-foot-tall structure spans 322,000 square feet and yields 350 rental units in studio to two-bedrooms layouts with 88 dedicated to affordable housing. The project also includes 20,000 square feet of ground-floor retail space. Eighty-eight of the apartments are designated as affordable housing. The 1.6-acre property is bounded by Union Street to the north, President Street to the south, and Nevins Street to the west.

300 East 50th Street. Designed by BKSK Architects

Anagram Turtle Bay Nears Completion at 300 East 50th Street in Turtle Bay, Manhattan

8:00 am on May 29, 2025 By Michael Young and Matt Pruznick

Construction is nearing completion on Anagram Turtle Bay, a 23-story residential building in the Turtle Bay section of Midtown East, Manhattan. Designed by BKSK Architects and developed by MAG Partners in collaboration with Global Holdings, KRW Realty Advisors, Krown Point, and Safanad, the 275-foot-tall structure will span 170,000 square feet and yield 194 units. The project will also include 4,888 square feet of ground-floor retail space, a cellar level, and a 30-foot-long side yard. Thirty percent of the residential inventory will be reserved for affordable housing. The property is located at the southeast corner of Second Avenue and East 50th Street.

Earthwork Begins at 450 Union Street in Gowanus, Brooklyn

7:30 am on May 28, 2025 By Michael Young and Matt Pruznick

Earthwork is underway at 450 Union Street, the site of a 20-story residential building in Gowanus, Brooklyn. Designed by SO-IL and developed by Tankhouse and McArthur Holdings, the proposed 203,000-square-foot structure will 158 rental apartments and 22,000 square feet of ground-floor retail space. A portion of the residential inventory will be reserved for affordable housing. Magnusson Architecture & Planning is the architect of record for the property, which is located at the intersection of Union and Bond Streets.

Maison 78. Designed by Hill West Architects. Rendering by Binyan Studios.

Maison 78’s Exterior Wraps Up at 1487 First Avenue on Manhattan’s Upper East Side

8:00 am on May 27, 2025 By Michael Young and Matt Pruznick

Construction is nearing the finish line on Maison 78, a 35-story residential tower at 1487 First Avenue on the border of the Lenox Hill and Yorkville sections of Manhattan’s Upper East Side. Designed by Hill West Architects and developed and built by Carmel Partners, the 404-foot-tall structure will yield 146 rental units in one- to four-bedroom layouts. The project will also include 7,120 square feet of ground-floor retail space and a cellar level. The property is located at the southwest corner of First Avenue and East 78th Street.

3875 9th Avenue. Photo by Michael Young.

North Cove Nears Completion at 3875 Ninth Avenue in Inwood, Manhattan

8:00 am on May 26, 2025 By Michael Young and Matt Pruznick

Construction is nearing completion on North Cove, a 30-story residential building at 3875 Ninth Avenue on the Harlem River waterfront in Inwood, Manhattan. Designed by Aufgang Architects and developed by Maddd Equities, the 295-foot-tall structure will span 544,000 square feet and yield 611 affordable rental apartments. The project will also include 60,000 square feet of lower-level retail space, residential amenities, and 120 parking spaces. The property is alternately addressed as 373 and 375 West 207th Streets and is bounded by West 207th Street, Ninth Avenue, and the Harlem River.

150 Noll Street. Photo by Michael Young.

150 Noll Street Wraps Up Construction in Bushwick, Brooklyn

7:30 am on May 26, 2025 By Michael Young and Matt Pruznick

Construction is finished on 150 Noll Street, a five-story mixed-use building in Bushwick, Brooklyn. Designed by RSLN Architecture and developed by Yechiel Stern under the Noll Street Realty USA LLC, the 54-foot-tall structure spans 92,086 square feet and yields 78 rental units with an average scope of 700 square feet. The project also includes 5,138 square feet of ground-floor community facility space, a cellar level, and enclosed parking for 44 vehicles. The property is located between Wilson and Central Avenues.

Society Brooklyn. Photo by Michael Young.

New Waterfront Esplanade Opens At Society Brooklyn in Gowanus, Brooklyn

8:00 am on May 23, 2025 By Michael Young

A new waterfront esplanade recently opened at Society Brooklyn, a completed mixed-use residential complex consisting of two 21-story rental buildings at 500 Degraw Street and 504 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, the 225-foot-tall structures span 594,000 square feet and will yield 517 residential units, as well as 57,000 square feet of commercial space, and 21,000 square feet dedicated to the “Gowanus Mix,” a space for local makers, artisans, and creatives. Twenty-five percent of the apartments are reserved for affordable housing that are being overseen by Affordable for New York under the Mandatory Inclusionary Housing Program. The property is bounded by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

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