417 Park Avenue Readies for Excavation in Midtown East, Manhattan

7:30 am on July 24, 2022 By Michael Young

Excavation is set to begin at 417 Park Avenue, site of a 220,000-square-foot office tower in Midtown East. The project is being developed by GDS Development (GDSNY) and Klövern AB, which acquired the property for $184 million and are also building on an adjacent plot to the south at 409 Park Avenue. The plot is located at the corner of Park Avenue and East 55th Street and will rise with a floor area ratio of 25 under the Midtown East Rezoning regulations.

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Permits Filed for 311 Bergen Street in Boerum Hill, Brooklyn

6:30 am on July 24, 2022 By Vanessa Londono

Permits have been filed for a seven-story residential building at 311 Bergen Street in Boerum Hill, Brooklyn. Located between Third and Fourth Avenues, the interior lot is near the 2, 3, 4, B, D, N, Q, R, and W trains at the Atlantic Barclays Center station. Avdoo & Partners Development is listed as the owner behind the applications, who spent $44 million for the assemblage of four lots at 311-341 Bergen Street.

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RIU Hotel Opens to Guests at 145 West 47th Street in Times Square, Manhattan

8:00 am on July 23, 2022 By Michael Young

Construction is complete and occupancy has begun at the RIU Plaza Hotel, 48-story skyscraper at 145 West 47th Street in Times Square. Designed by Berg + Moss Architects and developed by Tribeach Holdings, the 519-foot-tall structure yields 353,000 square feet and 630 rooms. Transom Builders Group served the general contractor for the property, which is located between Sixth and Seventh Avenues, a short walk from the heart of Times Square at the intersection of Broadway and Seventh Avenue.

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