Excavation work is getting started at 22 Chapel Street in Downtown Brooklyn. The ground-up, 20-story rental complex is designed by CetraRuddy and developed by Delshah Capital and OTL Enterprises. The superstructure will rise 211 feet high above Flatbush Avenue and sit between Chapel Street and Cathedral Place. A total of 133,181 square feet of residential space will be created and spread among 180 units.
Construction has begun on the structural frames for 425 Park Avenue‘s trio of decorative parapet fins in Midtown East. The 47-story, 897-foot-tall building is designed by Norman Foster, head of Foster + Partners, and is being developed by L&L Holding Company LLC. Adamson Associates is the architect of record.
Construction is moving along at 98 Front Street in DUMBO, Brooklyn. The ten-story residential project is designed by ODA and will feature a range of condominium units from studios to four-bedroom homes with over 100 distinct layouts, starting at $670,000. New York-based real estate investment group Hope Street Capital launched sales last month.
Construction of the curtain wall of 25 Great Jones Street, aka 22 Bond Street, is moving swiftly. The thin steel fins that run vertically down the length of the main elevation in front of the floor-to-ceiling glass panels have been installed. Located in NoHo between Great Jones Street and Bond Street, the 11-story condominium building is designed by BKSK Architects and developed by Second Development Services and Richport Group. The structure will contain six units with prices starting at $9.8 million, and will include a penthouse that reportedly spans about 4,000 square feet.
The first several floors have been constructed for the new Hotel Indigo at 120 Water Street in the Financial District. The ground-up project is designed by Gene Kaufman Architects and developed by Atlas Development. Fortuna Realty Group will serve as hotel management. The slim building will rise 28 stories between Wall Street and the East River, and will yield 52,000 square feet with 128 rooms, a cellar-level fitness center, a ground-floor restaurant, and a 25th-floor venue space. The project broke ground in 2017 and progress has been slow until recently.