Economic Development Corporation

Housing Lottery Launches for Peninsula Building 1B in Hunts Point, The Bronx

The affordable housing lottery has launched for Peninsula Building 1B, a 14-story mixed-use building at 720 Tiffany Street in Hunts Point, The Bronx. Designed by WXY Architecture + Urban Design and developed jointly by Gilbane Development Company, Hudson Companies, and the Mutual Housing Association of New York, the structure is the first of four new developments bringing 740 affordable units to the area. Available on NYC Housing Connect are 164 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,772 to $118,400.

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New Renderings of FXCollaborative’s Two-Tower Development at 495 Eleventh Avenue Revealed in Midtown West, Manhattan

At number 20 on our year-end countdown is a pair of mixed-use residential skyscrapers at 495 Eleventh Avenue in Midtown West, Manhattan. Designed by FXCollaborative with Gene Kaufman Architects as the architect of record, the 589,842-square-foot project consists of a 680-foot-tall, 57-story edifice paired with a slightly shorter 653-foot-tall, 56-story sibling that will rise along Eleventh Avenue between West 39th and West 40th Streets, next to the Jakob K. Javits Center. NYC Economic Development Corporation is listed as the owner behind the applications that were filed back in late October.

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Permits Filed for a Two-Tower Development at 495 11th Avenue in Midtown West, Manhattan

Permits have been filed for 495 Eleventh Avenue, a pair of mixed-use residential skyscrapers atop of a five-story podium in Midtown West, Manhattan. Located between West 39th and 40th Streets, the two towers will stand 680 feet tall and 57 stories, and 653 feet tall and 56 stories. NYC Economic Development Corporation is listed as the owner behind the applications.

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Times Square Theater’s Retail Conversion and Expansion Progresses at 215 West 42nd Street in Times Square, Manhattan

Work is progressing at 215 West 42nd Street, where the historic Times Square Theater is in the process of a retail conversion and expansion. Designed by Beyer Blinder Belle and developed by NYC Economic Development Corporation and Stillman Development International, the $100 million project calls for extensive interior renovations and a vertical extension that will double the structure’s height, bringing it to 138 feet tall and six stories above ground, as well as the addition of a cellar level. The property is located in the heart of Times Square between Seventh and Eighth Avenues, and will yield 52,521 square feet with 34,313 square feet designated for commercial space.

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