Retail

Demolition to Begin for New Louis Vuitton Flagship at 1 East 57th Street in Midtown, Manhattan

8:00 am on September 18, 2024 By Michael Young and Matt Pruznick

Demolition preparations are underway for a redesigned Louis Vuitton flagship store and office building at 1 East 57th Street in Midtown, Manhattan. Developed by parent company LVMH Moët Hennessy Louis Vuitton, which recently completed a similar renovation and expansion of the Tiffany & Co. flagship across 57th Street at 720 Fifth Avenue, the project could potentially increase the scope of Louis Vuitton’s 20-story structure to more than double its current size, from 91,060 to 230,000 square feet. The property is located at the corner of Fifth Avenue and East 57th Street along Billionaires’ Row.

Silverstein Properties Unveils Scale Models of 2 and 5 World Trade Center Skyscrapers in Financial District, Manhattan

8:00 am on September 16, 2024 By Michael Young and Matt Pruznick

Developer Silverstein Properties recently debuted a series of architectural models to preview the latest designs of 2 and 5 World Trade Center in Manhattan’s Financial District. Designed by Lord Norman Foster of Foster + Partners, 2 World Trade Center is planned to rise 80 stories and 1,348 feet tall, just 20 feet shorter than the roof height of 1 World Trade Center, and will yield office space. Kohn Pedersen Fox is the designer for 5 World Trade Center, a residential skyscraper co-developed by Brookfield Properties with a planned height of 920 feet. The 2 World Trade Center plot is located within the original 16-acre World Trade Center complex bound by Vesey, Fulton, Greenwich, and Church Streets. The 5 World Trade Center site is located to the south of Liberty Park and bound by Greenwich, Albany, and Washington Streets.

Rendering of 737 4th Avenue, courtesy of Marino PR

737 4th Avenue Tops Out in Sunset Park, Brooklyn

8:00 am on September 13, 2024 By Michael Young and Matt Pruznick

Construction recently topped out on 737 4th Avenue, a 14-story mixed-use residential building in Sunset Park, Brooklyn. Designed by Dencityworks Architecture and developed by BEB Capital, Totem/Ailanthus, and SK Development, the 145-foot-tall structure will span 193,000 square feet and yield 187 mixed-income rental units with 46 dedicated to affordable housing, as well as 6,200 square feet of ground-floor retail space with a 1,275-square-foot executed lease to former tenant Dunkin Donuts, which operated at the former occupant of the property before its demolition. The project is located between 24th and 25th Streets.

3 St. Mark’s Place Nears Completion in East Village, Manhattan

8:00 am on September 12, 2024 By Michael Young and Matt Pruznick

Construction nears completion on 3 St. Mark’s Place, an eight-story commercial building in Manhattan’s East Village. Designed by Morris Adjmi Architects and developed by Real Estate Equities Corporation, the structure will yield 53,000 square feet of office space, 7,700 square feet of ground-floor retail space, a cellar level, and three wraparound terraces on the fifth, eighth, and roof levels. The property is alternately addressed as 23-25 Third Avenue and is located at the corner of Third Avenue and St. Mark’s Place.

Excavation, Foundations Underway at 94-15 Sutphin Boulevard in Jamaica, Queens

8:00 am on September 10, 2024 By Michael Young and Matt Pruznick

Excavation and foundation work are progressing at 94-15 Sutphin Boulevard, the site of a 24-story residential building in Jamaica, Queens. Designed by JFA Architects & Engineers and developed by Joel Weiss of Heartfelt Townhouse Build under the 95th Avenues Equities LLC, the 254-foot-tall structure will span 720,248 square feet and yield 524 rental units with an average scope of 1,357 square feet, as well as 9,241 square feet of commercial space, a cellar level, and 338 enclosed parking spaces. The property is situated between 94th and 95th Avenues and Sutphin Boulevard, directly west of the recently finished 147-35 95th Avenue residential tower.

New Renderings Revealed for RAMSA’s 255 East 77th Street on Manhattan’s Upper East Side

8:00 am on September 9, 2024 By Michael Young and Matt Pruznick

A teaser video has been released with new renderings of 255 East 77th Street, a rising 36-story residential skyscraper in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects with Hill West Architects as the architect of record and developed by Naftali Group, the 500-foot-tall structure will span 170,481 square feet and yield 62 condominium units, as well as 3,861 square feet of retail space, two cellar levels, and 33 enclosed parking spaces. The property is alternately addressed as 1481 Second Avenue and located at the corner of Second Avenue and East 77th Street.

Rendering of 88 Throop Avenue - Courtesy of Marvel Architects

Throop Corners Wraps Up Construction at 88 Throop Avenue in South Williamsburg, Brooklyn

8:00 am on September 8, 2024 By Michael Young and Matt Pruznick

Construction is wrapping up on Throop Corners, a nine-story all-affordable residential building at 88 Throop Avenue in the Broadway Triangle section of South Williamsburg, Brooklyn. Designed by Marvel and developed and built by Mega Contracting in a joint collaboration with St. Nicks Alliance, RiseBoro Community Partnership, Southside United Housing Development Fund Corporation-Los Sures, and Unified Neighborhood Partners, the structure will yield 140 affordable housing units in studio to four-bedroom layouts along with a 6,400-square-foot workforce development center operated by St. Nicks Alliance on the ground floor. The building stands on a 27,000-square-foot property bound by Throop Avenue to the northeast, Gerry Street to the northwest, and Bartlett Street to the southeast.

8 Court Square Completes Construction in Long Island City, Queens

8:00 am on September 4, 2024 By Michael Young and Matt Pruznick

Construction is is complete on 8 Court Square, a 20-story residential building in Long Island City, Queens. Designed by Hill West Architects and developed by Rose Associates and Werwaiss Properties under the 25-34 Jackson Avenue Property Owner LLC, the 224-foot-tall structure yields 157 rental units in one- to two-bedroom layouts with an average scope of 684 square feet, as well as 10,170 square feet of retail space. Forty-eight of the apartments will be reserved for affordable housing. Cauldwell Wingate served as the general contractor for the property, which is alternately addressed as 27-10 44th Drive and is bound by 44th Drive to the northeast, Jackson Avenue to the northwest, and Thomson Avenue to the west and south.

601 Baltic Street Completes Construction in Boerum Hill, Brooklyn

8:00 am on September 1, 2024 By Michael Young and Matt Pruznick

Construction is complete on 601 Baltic Street, a ten-story residential building in Boerum Hill, Brooklyn. Designed, developed, and constructed by Grid Group, the 30,018-square-foot structure will yield 25 condominium units with an average scope of 906 square feet, as well as 1,654 square feet of ground-floor retail space. The property is situated at the corner of Baltic Street and Fourth Avenue.

11 and 55 Gerry Street Wrap Up Construction in South Williamsburg, Brooklyn

8:00 am on August 30, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on 11 and 55 Gerry Street, a two-building residential complex in the Broadway Triangle section of South Williamsburg, Brooklyn. Designed by Fischer + Makooi Architects and developed by Rabsky Group, the project consists of the ten-story 11 Gerry Street, which stands 105 feet tall, and the eight-story 55 Gerry Street, which stands 85 feet tall. Both structures span around 160,000 square feet and yield a combined 106 residential units. Both will also include ground-floor retail space and ambulatory diagnostic centers on their second stories. 11 and 55 Gerry Street are alternately addressed as 322-330 and 352 Wallabout Streets and occupy a trapezoidal plot bound by Harrison Avenue to the northeast, Wallabout Street to the northwest, Gerry Street to the southeast, and the confluence on Marcy and Union Avenues to the west.

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