Back in May of 2014, YIMBY reported on plans for a multi-building residential development on the block bound by West 52nd and 53rd streets and Tenth and Eleventh avenues, in Hell’s Kitchen. At the time, the 12-story, 96-unit affordable residential building at 535 West 52nd Street, dubbed The Park Clinton, was the only one completed. Then in May of 2015, the developers secured $200 million in construction financing for another phase of the project, which consists of a 24-story building at 526 West 53rd Street connected to a 16-story building at 525 West 52nd Street. That block-thru portion will encompass 392 additional residential units and is currently 15- and 14-stories above street level, respectively.
Construction is finally wrapping up on a long-stalled four-story, mixed-use building at 19-80 Steinway Street (a.k.a. 19-73 38th Street), in the Ditmars-Steinway section of northern Astoria. DNAinfo reports all of the project’s 83 residential units will rent at below-market rates. The building is dubbed Steinway Estates and its apartments will come in studio, one-, two-, and three-bedroom configurations. The ground-floor will contain 17,785 square feet of retail space, 2,400 square feet of medical office space, and a 219-car parking garage. Amenities include 12,000 square feet of storage space, a fitness center, and a laundry in the cellar, in addition to a rooftop terrace. Queens-based Gerald J. Caliendo Architect is the architect of record. Bronx-based Steve Zervoudis is listed as the property owner, and occupancy can probably be expected later this year.
New York-based Lotus Equity Group has acquired the Bears and Eagles Riverfront Stadium at 450 Broad Street, in Downtown Newark, for $23.5 million, NJ Advance Media reports. The 6,014-seat stadium (and presumably the four-story parking garage to the south), located two blocks from the New Jersey Transit’s Newark Broad Street station, is expected to be demolished to make way for a mixed-use tower. The development could accommodate between 1,000 and 1,500 residential units and will contain commercial spaces. The commercial uses haven’t been finalized yet, but plans include a possible hotel and retail space. A construction timeline has not been disclosed. The baseball stadium was construction only 17 years ago.
After a decade of delays, Triangle Equities finally landed financing and broke ground last month on Lighthouse Point, a sprawling mixed-use project next to the St. George Ferry Terminal on Staten Island. Now, YIMBY has new images of the residential, retail, and office complex under construction on the North Shore.
It was in December that YIMBY last brought you a construction update on the two-towered, 800-unit residential development under construction at 626 First Avenue, between East 35th and 36th streets in Murray Hill. The residential towers – now standing 41 and 48 stories – have since topped out, as seen in photos by Tectonic. The apartment units should average 906 square feet apiece and will be accompanied by 94,700 square feet of amenities, including a 38,000-square-foot public park. There will also be 4,100 square feet of ground-floor retail space. JDS Development Group is the developer of the 825,000-square-foot complex, and SHoP Architects is behind the design. Completion is expected in early 2017.