The French government sold an eight-story brick townhouse at 1143 5th Avenue in the Upper East Side for the tidy sum of $36.4 million last November, and last week, the new owners filed applications to expand the building by five stories.
The Financial District’s rapid transformation from an office to a residential neighborhood has been immensely beneficial to Lower Manhattan, and the area’s recent boom has been mostly free of architectural casualties. But that’s about to change thanks to demolition beginning on the old vestry at 68-74 Trinity Place, which will soon be removed to make way for a new Pelli Clarke Pelli-designed mixed-use building standing almost 500 feet tall.
Just as BRP Companies gets ready to start construction on its big, mixed-use project, The Crossing at Jamaica Station, Able Management is working on plans for a 27-story Hilton Garden Inn at 93-43 Sutphin Boulevard, across the street from the Jamaica AirTrain and LIRR station. Now YIMBY has a new rendering for the Hilton, first revealed by DNAinfo last fall.
Much like City Island, Throgs Neck and its traditionally middle class Irish and Italian community resisted the abandonment and disinvestment that swept across the Bronx in the ’70s and ’80s. And even as property values have risen in the southeastern Bronx neighborhood, a 2004 rezoning has stunted most new construction. But one developer has found a way to make the restrictive zoning work for him and filed plans for five new townhouses at 2626-2634 Miles Avenue.
Staten Island’s North Shore is preparing for four big developments and the 630-foot-tall New York Wheel, which will draw thousands of new residents and a huge influx of visitors to the sleepy industrial waterfront. But the city hasn’t spent much time trying to grapple with the borough’s longstanding infrastructure challenges that will only worsen as the population grows.