Manhattan West [DNAinfo NY]: Progress is apparent at Brookfield’s Manhattan West, where the developer is currently building a platform over active railroad tracks. Currently, “seven of the 16 bridge spans” have been installed, and Brookfield expects the structure to be complete by the end of the year; multiple towers of greater than 60 floors are eventually planned for the site.
110 Wall Street [The Real Deal]: William Rudin — likely to convert the Sandy-damaged 110 Wall Street into a residential building in the future — has purchased 35,815 square feet of air-rights from a near-by hotel, raising the “total developable area of 110 Wall Street to 290,025 square feet.” An agreement stated Rudin could not use the “property for residential use for a period of 84 months.”
Hunters Point South – Towers A+B [Curbed]: The SHoP-designed façade continues to make a slow trek up the 37 and 32-story towers of Hunters Point South‘s first phase. Glass installation has reached the the ninth floor of the 37-story tower, and the 10th of the second tower; totaling 925 residential units, opening is scheduled for next year.
East New York Rezoning [Gothamist]: De Blasio has unveiled the very basics surrounded his East New York Rezoning plan that envelopes a single square-mile centered around Atlantic Avenue. Transit-oriented development has been the focus of the initiative proposed by the mayor; the A/C and J/Z lines will be included in the proposal, while a redeveloped Broadway Junction will anchor the neighborhood. “Residential cores” will connect three main mixed-use corridors, which the Brooklyn Borough President has advocated “building tall [and] high.”
Pier 57 Redevelopment: [Crain’s New York]: RXR Realty is reportedly partnering with developer Youngwoo, who “has won the right to redevelop the Hudson River Park’s badly deteriorated Pier 57,” near 15th and 16th Streets. The former 560,000 square-foot bus depot will soon be renovated and revamped to accommodate multiple tenants, and three have already announced “leases that would take some of the roughly 300,000 square feet of total available space.” Completion is set for 2015.
628 5th Avenue [The Brooklyn Paper]: Now that retail is closing at 628 5th Avenue, the owner has put the development site in South Slope on the market for $9 million. The upper floors of the three-story building “have been vacant since a 1966 fire,” rendering possible renovation intimidating; “current zoning allows for a residential building as tall as four stories.”
985 3rd Avenue [The Real Deal]: SL Green has sold a property between 58th and 59th Streets — spanning 985-987 3rd Avenue, in Midtown East — for $68.7 million; Massey Knakal Realty brokered the deal. Developer Harry Macklowe has been in contract to buy the site of nearly 90,000 buildable square feet.
429 Kent Avenue [Brooklyn Daily Eagle]: Construction has kicked-off at 429 Kent Avenue — in Williamsburg — where XIN Development Group is developing a 216-unit residential building, along with multiple townhouses. Dubbed Oosten, foundation work has commenced and verticality is imminent.
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