New York YIMBY

Demolition for New Rolex Headquarters Continues at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on November 26, 2022 By Michael Young

Demolition is progressing on Rolex’s old 12-story International Style headquarters at 665 Fifth Avenue in Midtown to make way for a 25-story replacement. Designed by David Chipperfield Architects and developed by Rolex Realty Company, the new structure will feature a modern glass curtain wall and yield office and retail space for the iconic watchmaker. Titan Industrial SVC Corp. is the general contractor in charge of demolition at the property, which is located at the corner of Fifth Avenue and East 53rd Street.

Exterior view of 5203 Center Boulevard at Hunter's Point South - Courtesy of TF Cornerstone

Luminescence Market Debuts at 5302 Center Boulevard in Hunter’s Point South, Queens

7:30 am on November 26, 2022 By Sebastian Morris

TF Cornerstone this week debuted Luminescence Market, the first grocery store to open within the Hunter’s Point South complex in Hunter’s Point, Queens. The store is located at the foot of 5203 Center Boulevard, a 52-story residential tower that overlooks the East River.

Demo Permits Filed for 1484 First Avenue on Manhattan’s Upper East Side

7:00 am on November 26, 2022 By Vanessa Londono

Demolition permits have been filed for a 32-foot-tall two-story building at 1484 First Avenue in the Lenox Hill enclave of the Upper East Side. The 13,600-square-foot property is owned by Menahem Chukroon, founder of Brooklyn North Capital.

Affordable Units Still Available at 33-19 103rd Street in Corona, Queens

6:30 am on November 26, 2022 By Vanessa Londono

The affordable housing lottery has launched for 33-19 103rd Street, a four-story residential building in Corona, Queens. Recently renovated, the structure yields four residences in 3,790 square feet. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $215,150.

KPF to Redesign Stalled Office Skyscraper at 3 West 29th Street in NoMad, Manhattan

8:00 am on November 25, 2022 By Michael Young

The final building on YIMBY’s Turkey Week rundown of stalled projects is 3 West 29th Street, a 34-story commercial skyscraper in NoMad. Originally designed by Bjarke Ingels Group and developed by HFZ Capital Group, the structure was planned to rise 551 feet tall and yield 600,000 square feet of office space, but work has failed to progress beyond the early stages of excavation. Pavarini McGovern is the general contractor for the property, which is located between Fifth and Sixth Avenues.

Rendering of 295 Fifth Avenue with its new rooftop penthouse

Developers Close on $150M Loan to Complete Renovations at 295 Fifth Avenue in Midtown, Manhattan

7:30 am on November 25, 2022 By Sebastian Morris

Tribeca Investment Group, Meadow Partners, and PGIM Real Estate have secured $150 million in construction financing to complete a commercial modernization project at 295 Fifth Avenue in Midtown, Manhattan. Construction recently completed on a penthouse addition, bringing the structure to 19 stories and 710,000 square feet.

Permits Filed for 307 Sixth Avenue in Greenwich Village, Manhattan

7:00 am on November 25, 2022 By Vanessa Londono

Permits have been filed for a seven-story mixed-use building at 307 Sixth Avenue in Greenwich Village, Manhattan. Located between Carmine Street and Cornelia Street, the lot is two blocks from the West 4th Street-Washington Square subway station, serviced by the A, B, C, D, E, F, and M trains. William Schneider under the 307-309 Sixth Avenue LLC is listed as the owner behind the applications.

Permits Filed for 97 Seigel Street in Williamsburg, Brooklyn

6:30 am on November 25, 2022 By Vanessa Londono

Permits have been filed to expand a two-story structure into a four-story mixed-use building at 97 Seigel Street in Williamsburg, Brooklyn. Located between Graham Avenue and Manhattan Avenue, the lot is near the Lorimer Street subway station, serviced by the M and J trains. Herman Jakob under the West Street Gardens LLC is listed as the owner behind the applications.

Three Hudson Boulevard Remains On Hold in Hudson Yards, Manhattan

8:00 am on November 24, 2022 By Michael Young

Rounding out our Turkey Week rundown of stalled projects is Three Hudson Boulevard, a planned 56-story commercial skyscraper in the Hudson Yards district. Designed by FXCollaborative and developed by Boston Properties and The Moinian Group, the $3 billion project is planned to stand around 940 feet tall and yield 1.86 million square feet of office space, but has been on hold since early 2020. The plot occupies a full block bound by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.

Rendering of 470-490 Kent Avenue, designed by Hill West Architects

Developers Close on $385M in Financing for 470-490 Kent Avenue in Williamsburg, Brooklyn

7:30 am on November 24, 2022 By Sebastian Morris

Naftali Group and Access Industries have closed on a $375 million construction loan to complete a three-tower development at 470-490 Kent Avenue in South Williamsburg, Brooklyn. Designed by Hill West Architects, the buildings will sit on the East River waterfront and top out at 16, 21, and 22 stories.

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