29-37 41st Avenue [New York Times]: Property Markets Group has successfully acquired 478,000 square feet of air rights from the MTA, for $56 million, and now plans to construct a 77-story, 930-unit mixed-use building — standing 915 feet tall — at 29-37 41st Avenue, in Long Island City. That would be the tallest building in NYC outside of Manhattan, and construction is expected “to begin by summer.”
12 East 37th Street [Bloomberg Business]: Details have surfaced on Nef’s luxury residential tower planned for 12 East 37th Street, in Midtown South. Perkins+Will is designing a 65-unit, 700-foot-tall structure, equipped with five “33-foot-high park pockets.” Completion of the project is reportedly “expected in 2017,” although permits have yet to be filed, and a five-story building must first be demolished.
225 Bowery [Bowery Boogie]: Construction is underway at 223-225 Bowery, in the Bowery, to convert and expand the existing 10-story, nearly 60,900 square-foot tenement building into a 13-story, 200-key Ace Hotel. Omnia Group and North Wind Group are developing.
111 West 57th Street [Curbed]: JDS Development’s 80-story, 60-unit ultra-luxury residential tower — located at 111 West 57th Street, in Midtown — has released a teaser site, confirming the supertall’s pinnacle height of 1,428 feet. Excavation is well underway, as well as partial demolition of the Steinway Building, and completion is targeted for 2016.
90-75 Sutphin Boulevard [Commercial Observer]: Ampiera Group has acquired the vacant six-story, 80,400 square-foot building at 90-75 Sutphin Boulevard, in Jamaica, for $14 million. Plans for the structure “call for a complete renovation and redevelopment;” 74,600 square feet of extra air rights exist.
535 East 70th Street [DNAinfo]: The Hospital for Special Surgery has filed plans with the city to build an 8,000 square-foot expansion of the west wing that would house operation rooms, offices and mechanical space. The hospital’s main structure is located at 535 East 70th Street, on the Upper East Side.
For any questions, comments, or feedback, email [email protected]