Construction has topped out on 8800 Bay Parkway, a seven-story residential building in Bath Beach, Brooklyn. Designed by Angelo Ng & Anthony Ng Architects and developed by Billy Xiao of B & J Bay Property Inc., the 70-foot-tall structure spans 47,525 square feet and will yield 40 rental units with an average scope of 713 square feet, as well as a 7,256-square-foot ground-floor community facility, enclosed parking for 20 vehicles, and a 30-foot-long rear yard. KW Development Contracting is the general contractor of the project, which is located between Bath and Cropsey Avenues.
Curtain wall installation has begun on 312 West 43rd Street, a 33-story residential building on the southern border of Hell’s Kitchen in Midtown, Manhattan. Designed by Handel Architects and developed by National Real Estate Advisors and Taconic Partners, which leased ground rights from the 1199SIEU Health Care Workers Union for a term of 99 years, the structure will yield 330 rental units, 28,000 square feet of amenities, and two floors of retail space. DeSimone Consulting Engineers is the structural engineer and Triton Construction is the general contractor for the project, which is located between Eighth and Ninth Avenues, near Times Square.
Construction is rising on 1515 Surf Avenue, a two-tower residential complex in Coney Island, Brooklyn. Designed by Studio V Architecture and developed by LCOR, the project consists of 26- and 16-story structures that will span 470,000 square feet and yield 461 units, with 139 designated for affordable housing, as well as 11,000 square feet of ground-floor retail space. Surf Avenue L/CAL LLC is the owner and LRC Construction is the general contractor for the property, which rises from a 1.5-acre plot bound by Surf Avenue to the south, West 15th Street to the east, and West 16th Street to the west.
Construction has topped out on 2230 Cropsey Avenue, a 30-story residential building in Bath Beach, Brooklyn. Designed by Hill West Architects and developed by Cropsey Partners LLC, the 356-foot-tall structure will span 280,000 square feet and yield 248 rental apartments, community space, and 170 parking spaces. NY Developers is the general contractor for the project, which is alternately addressed as 1625 Shore Parkway and located between Cropsey Avenue and Belt Parkway.
Fortress Investment Group, Bizzi & Partners, and U.S. Immigration Fund have closed on $313 million in construction financing to complete 125 Greenwich Street, a stalled 88-story residential skyscraper in Manhattan’s Financial District. Designed by Rafael Viñoly Architects, the 912-foot-tall structure is planned to yield 273 condominium units with interiors by March & White and marketing by Douglas Elliman Marketing Development, which is aiming to launch sales this fall. The loan was provided by Northwind Group, a debt fund manager headquartered in New York City. Work will resume with Time Square Construction and Plaza Construction jointly managing contracting duties for the property located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.