Demolition is complete and below-grade work has commenced at 1 Park Row, site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Los Angeles-based Parkview Financial last summer, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. Ancora Engineering is in charge of the support of excavation (S.O.E.) and foundations.
Excavation continues at 520 Fifth Avenue, the site of a 76-story mixed-use supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the slender 995-foot-tall skyscraper will yield 507,608 square feet with 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the property, which is located at the corner of Fifth Avenue and West 43rd Street.
Excavation is set to begin at 45-19 Davis Street, the site of a 21-story residential building in Long Island City, Queens. Designed by Jon Yung of MY Architect PC and developed by Tom Wu under Davis Street Development LLC, the 229-foot-tall structure will yield 62,001 square feet with 82 units averaging 750 square feet apiece and 489 square feet of commercial space. Warner Construction is the general contractor for the property, which is located on an interior plot bound by Davis Street to the southwest, Pearson Street to the northeast, and Jackson Avenue to the northwest.
Excavation has begun at 126 East 57th Street, site of a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development, the 346-foot-tall structure will yield 208,000 square feet with 147 condominium units spread across 170,000 square feet, as well as lower-level commercial space. WSP USA is the engineer, Urban Atelier Group is the construction manager, and Plaza Buildings is the general contractor of the property, which is located at the corner of East 57th Street and Lexington Avenue.
Façade work is progressing on Estela, a two-building residential complex at 414 and 445 Gerard Avenue in the South Bronx neighborhood of Mott Haven. Designed by S9 Architects and developed by The Domain Companies and The Vorea Group with financing from the Goldman Sachs Urban Investment Group, the $310 million project will yield 544 apartments, with 30 percent designated for affordable housing for households earning 80 to 130 percent of the area median income, as well as 10,000 square feet of retail space. Monadnock Construction is the general contractor for the property, which is bound by Exterior Street to the west, Walton Avenue to the east, East 146th Street to the north, East 144th Street to the south, and Gerard Avenue running north and south down the middle.