Excavation is progressing at 65 Franklin Street, the site of a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture, the 210-foot-tall structure will yield 41 homes and ground-floor retail space. The project is being developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners in the spring of 2019. The site is located at the corner of Broadway and Franklin Streets, and was formerly occupied by several low-rise structures. Noble Construction Group is the general contractor for the property.
Work is progressing on Eastlight, a 34-story, 388-foot-tall condominium building in Manhattan’s Kips Bay. Designed by CetraRuddy Architecture and developed by 200 East 34th LLC, which is listed as the owner on permits, the 135,094-square-foot project will yield 144 condominiums and 2,992 square feet of commercial space on the lower levels. The site is located at 501 Third Avenue, at the corner of Third Avenue and East 34th Street and is alternately addressed as 200 East 34th Street. Alongside the recent launch of the building’s website, the 4,600-square-foot sales gallery is also now open on the 29th floor of 475 Park Avenue South. Views of Eastlight are visible from within, and the gallery also includes a full-scale model of the building and its location in Manhattan in relation to nearby neighborhoods such as NoMad, Midtown, Gramercy Park, and the Flatiron District.
Construction is nearing completion on One Essex Crossing, a 14-story full-block development at 202 Broome Street on Manhattan’s Lower East Side. Designed by CetraRuddy for Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Partners, The Prusik Group, and Goldman Sachs Urban Investment Group, the mixed-use project will add a mix of residential and office space to the nine-building Essex Crossing master plan. Corcoran Sunshine Marketing Group is handling sales for One Essex Crossing, with prices ranging from $890,000 for a studio to $6,689,000 for a duplex penthouse.
Exterior work is wrapping up on Rose Hill, a 639-foot-tall residential skyscraper at 30 East 29th Street in NoMad. Designed by CetraRuddy Architecture and developed by Rockefeller Group, the 45-story project features a distinctive bronze-toned, Art Deco-inspired envelope and will yield 123 condominiums marketed by CORE Real Estate. Sales have launched for the homes, which come in one- to four-bedroom layouts and range in price from $1.385 million to upward of $19.5 million for the penthouse unit. Rose Hill’s name is derived from the former 130-acre Rose Hill Farm estate that was once part of the Midtown, Manhattan neighborhood.
Yesterday the New York State’s Appellate Division, First Department, unanimously ruled in favor of 200 Amsterdam Avenue‘s developers, SJP Properties and Mitsui Fudosan America, and the construction of the Upper West Side’s current tallest skyscraper. The First Department ruling affirmed the building permits for the Elkus Manfredi Architects-designed structure, which stands 668 feet tall. It also serves as a win for the City of New York, while overturning the lower court’s February 2020 trial court ruling, which had sought to retroactively apply a draft zoning interpretation calling for a reduction in height for the 52-story tower.