LaGuardia Airport’s Terminal B

First New Gates Open for LaGuardia Airport’s $8 Billion Redevelopment

Earlier this month, the Eastern Concourse in LaGuardia Airport’s Terminal B opened its first new gates to the public. The revamp is part one of an $8 billion, 2.7 million square foot redevelopment at one of the nation’s busiest airports, which also includes a rebuild of Terminal C. In undertaking this multi-phase construction plan, LGA had to remain fully operational to their 30-million passengers a year. Old facilities were demolished only as new facilities were completed, ensuring the airport never loses capacity. When complete, LGA will be the first new airport built in the country in more than 25 years.

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Excavation and Foundation Work Underway for Extell’s 50 West 66th Street, Soon-To-Be Tallest Tower on the Upper West Side

Situated across the street from the ABC News television studios on the Upper West Side is the site of 50 West 66th Street. Just off of Columbus Avenue, the future 775-foot high residential tower will be the tallest on the Upper West Side when complete. It is being designed by Snohetta and developed by Extell, and is currently the 23rd tallest skyscraper under construction in the Five Boroughs.

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54-62 West 125th Street Rendering

Jay Group Secures $37M Financing for Mixed-Use Development at 54-62 West 125th Street in Harlem, Manhattan

After purchasing a five-building site at 54-62 West 125th Street this summer, Developer Jay Group recently secured $37 million in financing to develop the mixed-use property. Their 140,000 square-foot vision in Harlem, Manhattan includes one retail unit and the addition of 141 residential units to the area between Lenox and Fifth Avenues. The projected development site qualifies for both 421-a and Industrial and Commercial Abatement Program tax benefits for the mix of commercial and residential units—30 percent of which will be affordable. JFA is responsible for the design.

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