Astoria Cove [Queens Courier]: The developers behind Astoria Cove — located on 26th Avenue in Hallets Point, within Astoria — have acquired the final properties ahead of their planned five-building and 1,700-unit mixed use project. A plethora of existing low-rise structures must first be demolished, and the project “is anticipated to take more than 10 years to complete in four different phases.”
45-35 11th Street [Brownstoner]: A 12,000 square foot parcel at 45-31 11th Street — currently home to a single-story warehouse structure spanning the block, in Long Island City — has hit the market for $7 million; the site is zoned for residential or industrial usage, and “a building about three times larger than the factory” can be built.
53 West 53rd Street [The Real Deal]: Developer Hines, and their partner Goldman Sachs, have “closed on $860 million [in] construction loans” ahead of constructing Torre Verre, an 82-story and 140-unit luxury residential tower located at 53 West 53rd Street, in Midtown. Additionally, $85.3 million in air rights have been purchased from adjacent properties.
1681 3rd Avenue [Curbed]: Extell Development is currently demolishing five, four-story tenement buildings spanning 1681-1689 3rd Avenue, on the Upper East Side; the site contains a wealth of air rights, although plans have yet to be disclosed.
120 West 74th Street [West Side Rag]: The four-story townhouse at 120 West 74th Street — on the Upper West Side — is to receive a two-story vertical extension and a complete renovation. Once complete, the building will span 9,888 square feet and hold 10 residential units.
201 North 11th Street [Brownstoner]: Scaffolding has been removed from a six-story and four-unit residential building at 201 North 11th Street, in Williamsburg, and the project is expected to open imminently. Build 360 is developing, and Atelier New York is designing.
90 Lexington Avenue [The Real Deal]: HFZ Capital Group is set to begin a rental to condominium conversion of the 13-story residential building located at 90 Lexington Avenue, in Rose Hill; the building was purchased for $55 million in December, and construction is expected to last 18 months.
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