William Macklowe Company is getting ready to start construction and launch sales for its 23-story condo tower at the corner of University Place and East 12th Street in the Village. YIMBY has the first renderings of the project, which will be known as 21 East 12th Street, courtesy of PR reps and a new teaser site.
The industrial area along the South Bronx waterfront is about to sprout several high-rise residential towers, but development a couple blocks inland may bring another sign of impending gentrification: new artist studios. Plans were filed last week for a three-story commercial building at 740 East 137th Street in Port Morris.
Douglaston Development’s fourth and final tower on the Williamsburg waterfront topped out yesterday at 2 North 6th Place.
One of the hundreds of vacant lots in the South Bronx is about to become supportive housing. A non-profit organization has filed plans for a six-story residential facility at 1084 Ogden Avenue in Highbridge, a western Bronx neighborhood just north of Yankee Stadium.
In January of 2016, filings were submitted to the Attorney General’s office for a 91-story, 275-unit luxury residential tower with retail space at 125 Greenwich Street, in the Financial District. Since then, foundation work has been underway and its developers – Michael Shvo, Vector Group, New Valley, and Bizzi & Parters Development – have been in talks to secure a roughly $500 million construction loan. Now, the New York Post reports $175 million in financing has been raised through the EB-5 program. New details also reveal the highest occupied floor will stand 990 feet above street level, although a crown will push the pinnacle of the supertall tower to a yet-to-be-determined height. Condominiums are expected to range from studios to a triplex penthouse. Rafael Viñoly Architects is the design architect. Completion is expected in 2018.