New York YIMBY

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.

The new Louis Armstrong Center in Corona, Queens

Louis Armstrong House Museum Opens New Cultural Center at 34-40 107th Street in Corona, Queens

7:30 am on July 5, 2023 By Sebastian Morris

This Friday, the Louis Armstrong House Museum will open a new cultural center at 34-40 107th Street in Corona, Queens. Known as the Louis Armstrong Center, the new facility is located across the street from the original museum and will feature a 75-seat performance venue, rotating exhibition space, and a 60,000-piece permanent collection of photographs, recordings, manuscripts, and other personal effects.

Affordable Housing Lottery Launches for 494 Manhattan Avenue in Greenpoint, Brooklyn

7:00 am on July 5, 2023 By Vanessa Londono

The affordable housing lottery has launched for 494 Manhattan Avenue, a six-story residential building in Greenpoint, Brooklyn. Designed by Jeffrey Kamen and developed by Yisroel Greenfeld, the structure yields 23 residences and 12 parking spaces. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,572 to $198,250.

Permits Filed for 2120 Fulton Street in Brownsville, Brooklyn

6:30 am on July 5, 2023 By Vanessa Londono

Permits have been filed to expand a two-story structure into a four-story residential building at 2120 Fulton Street in Brownsville, Brooklyn. Located between Thomas S. Boyland Street and Rockaway Avenue, the lot is near the Broadway Junction subway stations, serviced by the A, C, J, and L trains. Etai Vardi of QN 48 LLC is listed as the owner behind the applications.

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.

90Ninety Tops Out at 166-20 90th Avenue in Jamaica, Queens

7:00 am on July 4, 2023 By Sebastian Morris

Construction has topped out on 90Ninety, a sprawling 12-story mixed-use building at 166-20 90th Avenue in Jamaica, Queens. Designed by Perkins Eastman for New York-based developer BRP Companies, the 715,000-square-foot structure will yield 614 rental apartments, 25,000 square feet of retail space, a 5,000-square-foot community facility, and 284 sub-grade parking spaces.

Housing Lottery Launches for 24 Studios at The Biltmore in Midtown, Manhattan

6:30 am on July 4, 2023 By Vanessa Londono

The affordable housing lottery has launched for The Biltmore, a 53-story residential building at 271 West 47th Street in Midtown, Manhattan. Designed by Schuman, Lichtenstein, Claman & Efron in 2003, the structure yields 464 residences. Available on NYC Housing Connect are 24 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,486 to $146,900.

Two Manhattan West Completes Construction in Midtown West, Manhattan

8:00 am on July 3, 2023 By Michael Young

Construction is complete on Two Manhattan West, a 58-story commercial skyscraper in Midtown West. Designed by Skidmore Owings & Merrill and developed by Brookfield, the 935-foot-tall structure is the final component in the five-building Manhattan West master plan and yields 1.9 million square feet of office space directly to the south of its 996-foot supertall fraternal twin, One Manhattan West. W&W Glass is the facade contractor and AECOM Tishman was the general contractor for the Midtown, Manhattan project, which is located at the northwest corner of West 31st Street and Ninth Avenue, between Hudson Yards to the west and the James A. Farley Building to the immediate east.

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.

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