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526 West 53rd Street

Two-Building, 392-Unit Residential Development Rises At 526 West 53rd Street, Hell’s Kitchen

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.

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19-80 Steinway Street

Construction Wrapping on Four-Story, 83-Unit Affordable Mixed-Use Building At 19-80 Steinway Street, Astoria

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.


450 Broad Street

Developer Plans 1,000-Unit-Plus Mixed-Use Project At 450 Broad Street, Newark

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.



626 First Avenue

Two-Towered, 800-Unit Residential Complex Tops Out At 626 First Avenue, Murray Hill

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.


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