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Murray Nears Completion at 509 Third Avenue in Murray Hill, Manhattan

Construction is finishing up on Murray, a 35-story residential tower at 509 Third Avenue in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Kahen Properties with Lalezarian Properties under the Third and Thirty Four LLC, the 386-foot-tall structure will span 166,917 square feet and yield 229 rental units with an average scope of 692 square feet, as well as 8,253 square feet of retail space on the ground floor and a private 30-foot-long yard. Charlton Development Group is the general contractor for the project, which is located at the corner of Third Avenue and East 34th Street.

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1 Park Row Surpasses Halfway Mark in Manhattan’s Financial District

Construction is nearing topping out on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street.

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Preliminary rendering of 111 Washington Street, formerly 8 Carlisle Street

Developer Secures $48M Loan for 64-Story Skyscraper at 111 Washington Street in the Financial District

Grubb Properties has closed on an $86 million loan to construct a residential skyscraper at 111 Washington Street in Manhattan’s Financial District. The development was originally addressed as 8 Carlisle Street and was expected to top out at 50 stories. Updated plans specify a 64-story tower with more than 326,000 square feet of interior space.

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Construction Rises on Two-Building Complex at 218 Front Street in Vinegar Hill, Brooklyn

Construction is rising on 218 Front Street, a seven-story two-building residential complex in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect and developed and built by Chess Builders, the project will yield 218 rental apartments with 66 affordable housing units, as well as 350 square feet of commercial space and 180 square feet of community space. The site is bound by Front Street to the north and York Street to the south, and was formerly occupied by a one-story industrial warehouse and an open-air lumber yard.

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