Construction has wrapped up at 606 West 57th Street, aka The Max, and the massive mixed-use rental complex is already making quite a dent in the Midtown Manhattan rental market. While leasing started just seven months about, over 80% of the 1,028 units are already occupied. TF Cornerstone is responsible for the development.
Construction is moving along for the 22-story residential building at 511 East 86th Street, on the Upper East Side of Manhattan. The project is in Yorkville, and is just two avenues away from the brand new 86th Street Subway Station, serviced by the Q trains. Sky Management is responsible for the development.
The West Side’s building boom has been nothing short of transformative over the past few years, resulting in two new residential buildings of over 1,000 units apiece. While The Moinian Group’s Sky opened in 2016, TF Cornerstone’s 606 West 57th Street is also closing in on the finish line. With leasing expected to begin in a few months, YIMBY has word that the tower has officially been named The Max, in honor of Max Elghanayan.
Last week, the first full renderings appeared for the Alvaro Siza-designed 823 Eleventh Avenue, but that isn’t the biggest change underway on the block. Immediately to its northwest, TF Cornerstone’s new rental building at 606 West 57th Street is almost ready for its opening day, with construction nearly complete on the 1,028-unit project.
Construction has topped out on the 43-story, 376-unit mixed-use tower, dubbed Ellipse, at 1-25 14th Street, located in the Newport section of Jersey City, N.J. The structure, which is now receiving glass installation on its 27th floor, can be seen thanks to photos posted to the YIMBY Forums. The 592,800-square-foot tower’s apartments will be rentals, ranging from studios to three-bedrooms. There will be 24,000 square feet of amenities, as well as a retail component near street level. The LeFrak Organization is the developer. Arquitectonica is the design architect and Haines, Lundberg & Waehler (HLW) is the executive architect. Completion is expected later this year.