In October 2014, YIMBY reported on permits filed for a 16-story, 16-unit condominium building at 10 West 17th Street, in the Flatiron District, and then the LPC approved the plans the following December. Now Bhatia Development and Sherwood Equities have landed $48 million in financing from CIT, according to Commercial Observer. An existing three-story building must first be demolished, but construction is expected to begun early in 2016 for a mid-2017 completion. Beyer Blinder Belle is designing.
The new condominium project under construction at 45 East 22nd Street is already making significant headway, and YIMBY posted an update of the tower’s progress only a few weeks ago. But a tipster has sent along a photo of new signage that has just gone up along the construction fencing, and we also have a fresh rendering of what the 777-foot tall building will look like, viewed with its neighbors along Madison Square Park.
Friedland Properties has landed a $182 million mortgage to finance their planned 14-story, 239-unit mixed-use building at 7 West 21st Street, a vacant, thru-block property in the Flatiron District. A number of units will be affordable, and 8,210 square feet of retail is planned on the ground floor. Morris Adjmi Architects is designing, and the project was approved by the LPC in 2013.
The current crop of skyscrapers under construction in Manhattan extend from the upper reaches of the Upper East Side all the way down to the tip of the Financial District, and in the very middle lies 45 East 22nd Street, just to the west of Park Avenue South.
The expansion and conversion of the 16-story building at 10 Madison Square West, in the Flatiron District, is well under way. The building will eventually stand 23 stories and contain 125 condominiums, as well as commercial retail space. YIMBY covered the project in 2013, and now, A Fine Blog predicts nearly all 125 units are likely in contract. Completion is likely expected by 2016, and Alan Wanzenberg is designing.