In New York City, the current real estate boom has left the largest marks on the Midtown Manhattan and Downtown Brooklyn skylines, but the rise of Jersey City over the past few years has been equally if not more impressive. And while the latest additions across the Hudson have been predominantly residential, YIMBY has word that a 95-story tower is now in the works at 55 Hudson Street, which could make it the tallest building in both Jersey City, and all of New Jersey.
Most of the new buildings under construction in Melrose, at the heart of the South Bronx, are large and heavily subsidized. The city is already developing two sprawling affordable complexes in the neighborhood, La Central and Melrose Commons. But every once in a while, a developer manages to finance a small market-rate building like 411 East 151st Street, and YIMBY has the first look at the future seven-story development.
Slate Property Group, Adam America and Naveh Shuster Limited are carving a path through the Broadway Triangle in Williamsburg, beginning with plans for a 96-unit building at 120 Union Avenue a year ago. Now they’ve filed new building applications for another residential development down the street at 100 Union Avenue, on the corner of Middleton Street.
YIMBY has noticed all kinds of interesting conversions in the industrial area between Morgan Avenue and Jefferson Avenue in Buswhick, where restrictive zoning and rising rents have led landlords to consider transforming old warehouses into night clubs and artist studios. But today we spotted unusual plans for a theater conversion at 383 Troutman Street, in the part of the neighborhood defined by its colorful street art and a growing stretch of bars and restaurants.
Earlier this year, YIMBY brought you a proposal for the transformation of One Wall Street created by CetraRuddy. While that version of the tower will remain unbuilt, we now have the first rendering of actual plans, created by Robert A.M. Stern for developer Macklowe Properties, as well as word that the development is seeking $100 million in EB-5 funding, or 6.6% of its projected cost of $1.502 billion.