Articles by Michael Young and Matt Pruznick

Anagram’s Façade Nears Completion at 1 West 60th Street on Manhattan’s Upper West Side

8:00 am on July 19, 2023 By Michael Young and Matt Pruznick

Exterior work continues to progress on Anagram, a 25-story residential tower at 1 West 60th Street on Manhattan’s Upper West Side. Designed by INC Architecture & Design with SLCE Architects as the architect of record and developed by Global Holdings Management Group, the 281-foot-tall structure will span 180,813 square feet and yield 123 market-rate and affordable housing units with interiors by The Setting, as well as 20,000 square feet of retail space on the first two levels. Pavarini McGovern is the general contractor and DeSimone Consulting Engineers is the façade consultant for the property, which is alternatively addressed as 1841 Broadway and located at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwest corner of Central Park.

The Parluxe Finishes Construction at 71-82 Parsons Boulevard in Kew Gardens Hills, Queens

7:30 am on July 17, 2023 By Michael Young and Matt Pruznick

Construction is complete on The Parluxe, an eight-story mixed-use building at 71-82 Parsons Boulevard in Kew Gardens Hills, Queens. Designed by ARC Architecture and developed by A&R Properties Group, the all-electric structure spans 100,000 square feet and yields 94 rental units in studio to two-bedroom layouts with interiors by Durukan Design, as well as 8,000 square feet of community facility space and 45 enclosed parking spaces. REAL New York is handling marketing and leasing for the property, which is bound by Parsons Boulevard to the east, Aguilar Avenue to the west, and 72nd Avenue to the south.

Demolition Finishes at 183 Chrystie Street on Manhattan’s Lower East Side

8:00 am on July 16, 2023 By Michael Young and Matt Pruznick

Demolition is wrapping up at 183 Chrystie Street, the site of a 17-story residential building on Manhattan’s Lower East Side. Designed by GF55 Partners and developed by Omnia Group and Naveh Shuster, the 175-foot-tall structure will span 75,000 square feet and yield 57 units and ground-floor retail space. Alba Services is the demolition contractor for the property, which is located between Stanton and Rivington Streets, directly across from Sara D. Roosevelt Park.

Construction Rises at 98-14 66th Avenue in Rego Park, Queens

7:30 am on July 16, 2023 By Michael Young and Matt Pruznick

Construction is moving along on 98-14 66th Avenue, a seven-story mixed-use building in Rego Park, Queens. Designed by SLCE Architects and developed by RJ Capital Holdings, the 85-foot-tall structure will span 82,425 square feet and yield 62 units with an average span of 1,075 square feet, as well as 15,741 square feet of commercial space. KSK Construction Group is the general contractor for the property, which is bound by 99th Street to the northeast, 66th Avenue to the northwest, and Queens Boulevard to the southwest.

85 DeKalb Avenue Awaits Construction in Fort Greene, Brooklyn

7:30 am on July 10, 2023 By Michael Young and Matt Pruznick

Demolition of a multi-story parking garage has wrapped up at 85 DeKalb Avenue, the site of a planned 29-story residential building in Fort Greene, Brooklyn. Designed by Perkins Eastman and developed by Long Island University and RXR Realty under the RXR LIU Developer TRS LLC, the 348-foot-tall structure will span 288,849 square feet and yield 275 rental units with an average scope of 883 square feet, as well as 45,981 square feet of community facility space, a cellar level, a 30-foot long rear yard, two loading berths, and 198 enclosed parking spaces. Capital Industries Corp. is the general contractor for the project, which is located at the intersection of DeKalb Avenue and Rockwell Place.

Excavation Progresses for Rolex Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on July 5, 2023 By Michael Young and Matt Pruznick

Excavation is progressing for Rolex’s new 28-story headquarters at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 469-foot-tall structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. Pavarini McGovern is the general contractor for the property, which is located at the corner of Fifth Avenue and East 53rd Street.

Construction Resumes on 125 Greenwich Street in Financial District, Manhattan

8:00 am on July 4, 2023 By Michael Young and Matt Pruznick

Construction has resumed on 125 Greenwich Street, an 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group and Bizzi & Partners, the 912-foot-tall structure will yield 273 condominium units designed by March & White and marketed by Douglas Elliman Marketing Development, which is aiming to launch sales later this fall. The developers secured a $313 million construction loan from Northwind Group in February to finish the formerly stalled project. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

160 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan

7:30 am on July 4, 2023 By Michael Young and Matt Pruznick

Work is progressing on 160 Water Street, a 29-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by Gensler and developed by Vanbarton Group, the project involves the construction of five floors atop the parapet of the 24-story structure and the conversion of its 525,000 square feet of office space to yield 588 rental units in studio to two-bedroom layouts. The overhaul, which is being carried out with a $272.5 million loan from Brookfield Real Estate Financial Partners arranged by Cushman & Wakefield, will also include upgrades to building infrastructure, renovated lobby and common spaces, and the construction of a suite of amenity spaces. Collaborative Construction Management is the general contractor for the property, which is located at the corner of Water and Fletcher Streets.

66 Clinton Street Nears Completion on Manhattan’s Lower East Side

7:30 am on July 3, 2023 By Michael Young and Matt Pruznick

Construction is nearing completion on 66 Clinton Street, a seven-story residential building on Manhattan’s Lower East Side. Designed by C3d Architecture and developed by Vault Development Partners and TLM Equities, which closed on a $20.1 million construction loan to finish the project, the 23,000-square-foot structure will yield 12 condominium units designed by TalliTien with sales and marketing led by Douglas Elliman Development Marketing. Borough Construction Group is the general contractor for the property, which is located between Stanton and Rivington Streets.

1,046-Key Hilton Readies for Grand Opening at 150 West 48th Street in Times Square, Manhattan

8:00 am on July 2, 2023 By Michael Young and Matt Pruznick

Construction is wrapping up on 150 West 48th Street, a 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 418-foot-tall, 320,000-square-foot structure will yield 1,046 hotel rooms across the Hampton Inn, Home 2 Suites, and Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown site for $140 million from Rockefeller Group in early 2019 and received a $250 million loan before construction broke ground the following year. Omnibuild was the general contractor for the project, which is located by the corner of West 48th Street and Seventh Avenue.

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Articles by Michael Young and Matt Pruznick

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