Construction Update

33 Westchester Place Rises Above New Rochelle, New York

8:00 am on February 20, 2024 By Michael Young and Matt Pruznick

Construction is rising on 33 Westchester Place, a 27-story residential tower in downtown New Rochelle, New York. Designed by Fogarty Finger and developed by Allstate Ventures, the structure is the third and final component in the Westchester Place master plan and will yield 315 rental units in studio to two-bedroom layouts. EXR is handing marketing and leasing for the property, which is alternately addressed as 316 Huguenot Place and bound by Huguenot Street to the northwest and Westchester Place to the southeast.

Rendering of Sherman Plaza at 4650 Broadway - Courtesy of View, Inc.

Sherman Plaza Nears Completion at 4650 Broadway in Inwood, Manhattan

7:30 am on February 20, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on Sherman Plaza, a 19-story mixed-use building at 4650 Broadway in Inwood, Manhattan. Designed by Handel Architects and developed by Arden Group, which acquired the property for $54 million in 2019, the 260-foot-tall structure will span 351,000 square feet and yield 222 rental apartments, 38,000 square feet of lower-level retail space, and an 80,000-square-foot charter school. Aqozfi Inwood LLC is listed as the owner and Consigli Construction Co. is the general contractor for the property, which is located at the intersection of Broadway and Sherman Avenue, directly east of Fort Tyron Park.

204 4th Avenue’s Exterior Takes Shape in Gowanus, Brooklyn

8:00 am on February 19, 2024 By Michael Young and Matt Pruznick

Exterior work is progressing on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. Designed by L+Z Architecture and developed by Avery Hall and Gindi Capital, the 200,000-square-foot structure will yield 193 rental units and 14,000 square feet of ground-floor retail space. Leeding Builders Group is the general contractor for the project, which is alternately addressed as 653 Union Street and is located on a half-acre rectangular plot bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.

Rendering of 544 Carroll Street - Courtesy of Avery Hall

Foundations Underway For 544 Carroll Street in Gowanus, Brooklyn

8:00 am on February 18, 2024 By Michael Young and Matt Pruznick

Foundations are taking shape at 544 Carroll Street, the site of a 17-story residential building on the eastern edge of Gowanus, Brooklyn. Designed and developed by Avery Hall with L+Z Architecture as the architect of record, the 175,000-square-foot structure will yield 133 rental units with 25 percent designated as affordable housing, as well as 6,000 square feet of ground-floor retail space. Leeding Builders Group LLC is the construction manager for the property, which is alternately addressed as 272 Fourth Avenue and bound by Carroll Street to the north and 4th Avenue to the east. The project is expected to cost between $90 and $120 million.

Aerial rendering of 247 North Avenue - Courtesy of LCOR

247 North Avenue Rises Above Street Level in New Rochelle, New York

7:30 am on February 18, 2024 By Michael Young and Matt Pruznick

Construction is rising above street level on 247 North Avenue, a 28-story residential tower in New Rochelle, New York. Designed by Studio V and developed by LCOR, the structure will yield 307 rental apartments in studio to two-bedroom layouts with 31 units reserved for households earning 80 percent area median income, as well as 1,800 square feet of ground-floor commercial space and parking for 257 vehicles. Aspera Studio is the interior designer and LRC Construction LLC is the general contractor for the property, which is located on an interior lot bound by Lecount Place to the north and North Avenue to the south.

Rendering of 240 Willoughby Street - Courtesy of Rabsky Group

Exterior Work Continues on 240 Willoughby Street in Fort Greene, Brooklyn

8:00 am on February 17, 2024 By Michael Young and Matt Pruznick

Exterior work is progressing on 240 Willoughby Street, a 30-story residential building in Fort Greene, Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which purchased the property for $95 million in 2019, the structure will yield 300 rental units with 147 residences dedicated to affordable housing. 240 Willoughby LLC is the owner and Galaxy Developers is the general contractor for the project, which directly abuts an existing 21-story apartment building and is bound by Willoughby Street to the north, the Brooklyn Hospital Center to the south, Fort Greene Park to the east, and Ashland Place to the west.

405, 407 West 206th Street Rise Past Halfway Mark in Inwood, Manhattan

8:00 am on February 16, 2024 By Michael Young and Matt Pruznick

Construction is rising above the halfway mark on 405 and 407 West 206th Street, a sprawling two-tower mixed-use project in Inwood, Manhattan. Designed by Beyer Blinder Belle in a joint with the LMXD affiliate of L+M Development Partners, MSquared, and Taconic Partners, the 751,687-square-foot structures consist of 14- and 17-story volumes standing 140 and 175 feet tall and will yield 700 rental units with 281 dedicated to affordable housing, as well as a supermarket under the city of New York’s Food Retail Expansion to Support Health Program program and an immigrant-centered performing arts center owned and operated by the People’s Theatre Project. Inwood Lot 9 Development Associates LLC is the owner, Community League of the Heights is the community sponsor, and Chatsworth Builders is the general contractor for the $416 million project, which is bound by West 206th and West 207th Streets and Ninth Avenue.

Preliminary rendering of 111 Washington Street, formerly 8 Carlisle Street

Foundations Underway for 64-Story Skyscraper at 111 Washington Street in Financial District, Manhattan

8:00 am on February 15, 2024 By Michael Young and Matt Pruznick

Foundation work is underway at 111 Washington Street, the site of a 64-story residential skyscraper in Manhattan’s Financial District. Designed by Handel Architects and developed by Carlisle New York Apartments and Grubb Properties, which closed on a $48 million loan for the project last summer, the 712-foot-tall structure will span 326,221 square feet and yield 462 residential units, 7,000 square feet of commercial space, and a 60-foot-long rear yard. Consigli Construction is the general contractor for the property, which is alternately addressed as 8 Carlisle Street and located at the corner of Washington and Carlisle Streets, south of the nearby World Trade Center complex.

The Eliza Nears Completion at 4790 Broadway in Inwood, Manhattan

8:00 am on February 14, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on The Eliza, a 14-story all-affordable residential building at 4790 Broadway in Inwood, Manhattan. Designed by Fogarty Finger and Andrew Berman Architect and developed by the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the New York Public Library (NYPL), the structure will yield 174 rental units in studio- to three-bedroom layouts, a public library, a preschool, and community facilities. Ranger Properties LLC is listed as the owner and Mega Contracting Group is the general contractor for the property, which is located on an interior rectangular parcel between Dyckman and Academy Streets. The project is named in honor of Eliza Hamilton, the wife of Alexander Hamilton.

New Renderings Revealed for BIG’s Four-Skyscraper Freedom Plaza Master Plan in Murray Hill, Manhattan

8:00 am on February 13, 2024 By Michael Young and Matt Pruznick

Bjarke Ingels Group (BIG) has unveiled a new set of renderings of its 4.1-million-square-foot proposal for Freedom Plaza, a potential mixed-use casino development on the border of Murray Hill and Tudor City. Developed by The Soloviev Group, which currently owns the property, in a joint collaboration with Mohegan Gaming & Entertainment, plans call for two new residential skyscrapers rising 50 to 60 stories tall with 1,325 apartments, including 510 affordable housing units, as well as two 51-story hotel towers with 1,200 guest rooms split between Banyan Tree and Mohegan branding. A new landscaped waterfront park, a below-grade casino, and a museum would sit beneath the skyscrapers. The 6.5-acre property is the largest undeveloped plot in Manhattan, and is located along First Avenue between East 38th and East 41st Streets, directly south of the United Nations complex.

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Construction Update

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