Articles by Michael Young

1 Park Row Nears Halfway Mark in Financial District, Manhattan

8:00 am on June 29, 2023 By Michael Young

Construction is nearing the halfway mark at 1 Park Row, a 23-story mixed-use building in the 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.

130 William Street Completes Construction in Financial District, Manhattan

8:00 am on June 28, 2023 By Michael Young

Construction has reached completion on 130 William Street, a 66-story residential skyscraper in Manhattan’s Financial District. Designed by Sir David Adjaye of Adjaye Associates and developed by Lightstone, the 800-foot-tall structure yields 242 condominium units marketed by Corcoran Sunshine Marketing Group, with layouts ranging from studios to four-bedroom, full-floor penthouses. Hill West Architects served as architect of record for the property, which is bound by William, Fulton, and Gold Streets. CBRE is in charge of marketing the two retail spaces.

TSX Broadway’s Tempo by Hilton Prepares For Late-Summer Opening at 1568 Broadway in Times Square, Manhattan

8:00 am on June 27, 2023 By Michael Young

Construction on TSX Broadway, a 47-story hotel tower at 1568 Broadway in Times Square, reached a milestone as crews turned on TSX Entertainment’s 18,000-square-foot podium LED display. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 550,000-square-foot structure will yield 661 hotel rooms operated by Tempo by Hilton, as well as 100,000 square feet of retail space on the lower levels and Times Square’s only cantilevering outdoor performance stage. Positioned above the new retail space is the historic Palace Theater, which was renovated by PBDW Architects and lifted 30 feet above street level in early 2022. Pavarini McGovern is the general contractor for the property, which is located at the corner of Seventh Avenue and West 47th Street.

The Elisa’s Stone Façade Takes Shape at 251 West 14th Street in Chelsea, Manhattan

8:00 am on June 25, 2023 By Michael Young

Exterior work is progressing on The Elisa, an 11-story residential building at 251 West 14th Street in Chelsea. Designed by Isay Weinfeld Architects, the structure will yield 25 condominium units in one- to three-bedroom layouts with sales and marketing by Bianca D’Alessio, Christian Haag, and Mia Calabrese of Nest Seekers and SERHANT, with prices ranging from $1.45 million to $5 million. There will also be a four-bedroom penthouse that has yet to hit the market. Pizzarotti is the general contractor for the property, which is located on an interior lot between Seventh and Eighth Avenues, near the intersection of the West Village and the Meatpacking District.

1305-1307 Third Avenue Reaches Street Level on Manhattan’s Upper East Side

7:30 am on June 25, 2023 By Michael Young

Construction has reached street level at 1305-1307 Third Avenue, the site of an upcoming 18-story, 214-foot-tall residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by EJS Development under the 1303 Third LLC, the corner property is expected to yield 38 units and span 97,569 square feet. Triton Construction Industry is the general contractor for the project, which is located at the intersection of Third Avenue and East 75th Street. The developer purchased the 8,178-square-foot site for $32.5 million in March 2021.

304 Water Street’s Expansion Progresses in Vinegar Hill, Brooklyn

7:30 am on June 20, 2023 By Michael Young

Construction is progressing on 304 Water Street in Vinegar Hill, Brooklyn, where a two-story industrial structure is being expanded into a four-story residential building. Yatziv Corp. is the general contractor for the property, which was acquired by 304 Water LLC for $1.85 million in a deal brokered by Investment Property Realty Group. The 1,900-square-foot plot is located between Hudson Avenue to the east and Gold Street to the west.

Demolition Prep Underway at 335 Eighth Avenue in Chelsea, Manhattan

8:00 am on June 18, 2023 By Michael Young

Demolition preparations are underway at 335 Eighth Avenue, the site of an upcoming seven-story residential building in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners, the 200,000-square-foot structure will yield 188 residential units with 30 percent dedicated to affordable housing for low- and middle-income residents under the Affordable NY Program, as well as a 23,000-square-foot Lidl grocery store on the ground floor. Titan Industrial SVC Corp is the demolition contractor and Urban Atelier Group is the general contractor for the property, which is located at the corner of Eighth Avenue and West 26th Street within the Penn South affordable housing cooperative, officially known as Mutual Redevelopment Houses.

Preliminary rendering of 55 Willoughby Street in Downtown Brooklyn

Excavation Set to Begin at 55 Willoughby Street in Downtown Brooklyn

7:30 am on June 18, 2023 By Michael Young

Excavation is set to begin at 55 Willoughby Street, the site of a 38-story residential tower in Downtown Brooklyn. Designed by Colberg Architecture and developed in a joint venture by Lonicera Partners and Rabina, the structure will yield 295 apartments with 89 units reserved for affordable housing, as well as 3,500 square feet of retail space and more than 12,000 square feet of amenity space for residences. Alba Services is the demolition contractor for the property, which sits on an interior lot between Jay and Lawrence Streets.

Lincoln at Bankside Welcomes First Residents at 5 Lincoln Avenue in Mott Haven, The Bronx

8:00 am on June 14, 2023 By Michael Young

Lincoln at Bankside is opening its doors to residents at 5 Lincoln Avenue in Mott Haven, The Bronx. Designed by Hill West Architects and developed by Brookfield Properties, the project features four 26-story towers with 921 residences, 40,000 square feet of amenities, a 32,000 square foot waterfront esplanade along the Harlem River, four new retail spaces, and 329 indoor parking spaces. Whitehall Interiors designed the residential interiors, which are split into 644 market-rate units and 277 affordable housing units. Following the 2017 creation of the Special Harlem River Waterfront Zoning District that was approved by the New York City Council, construction broke ground in May 2020 and topped out in October of 2021. Move-ins begin this month.

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1162 Broadway’s Façade Begins to Emerge from Scaffolding in NoMad, Manhattan

7:30 am on June 13, 2023 By Michael Young

Exterior work is getting closer to completion on 1162 Broadway, a 13-story commercial building in the Madison Square North Historic District of NoMad, Manhattan. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, the 185-foot-tall structure will yield Class A office space and 1,800 square feet for a restaurant on the ground floor and cellar level. On Star Management is the general contractor for the property, which is located between West 27th and 28th Streets.

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Articles by Michael Young

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