Gotham Organization

Demolition Underway for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

Demolition has begun at 550 Tenth Avenue, the site of a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot structure will yield 453 units, with 316 market-rate and 137 moderate- and middle-income homes, as well as 9,000 square feet of retail space and over 20,000 square feet of amenities. The building will also house 26,764 square feet of administrative office space for Covenant House. Wells Fargo and US Bank provided a $212 million construction loan and Lionheart Strategic Management assisted with $35 million in mezzanine financing for the project, which is located along Tenth Avenue between West 40th and 41st Streets.

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Parcel F’s Brick Façade Nears Completion in Hunters Point South, Queens

Façade installation is getting close to completion on Parcel F, a 57-story residential skyscraper in the two-tower Gotham Point development in Hunters Point SouthQueens. Designed by Handel Architects and developed by The Gotham OrganizationRiseBoro Community Partnership, Goldman Sachs Urban Investment Group, and the Department of Housing Preservation and Development (HPD), the 559-foot-tall tower stands adjacent to Parcel G, its 33-story, 443-foot-tall sibling. Together, the buildings will yield 1,132 rental apartments, of which 75 percent will be dedicated to affordable housing with age-restricted homes for seniors, as well as a 1,100-seat Intermediate High School built by the School Construction Authority and a 5-acre waterfront park constructed by New York City’s Economic Development Corporation. Handel Architects is the interior designer and BHDM was responsible for the model apartment interiors for the property, which is bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west.

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55 Suffolk Street Reaches Pinnacle Over Manhattan’s Lower East Side

Construction has topped out on 55 Suffolk Street, a 30-story residential building on Manhattan’s Lower East Side. Designed by Dattner Architects and developed by Gotham Organization, the 310-foot-tall structure is the taller in the two-building Broome Street Development complex along with the 16-story The Norfolk Senior Housing Building at 64 Norfolk Street to the west. Both buildings will collectively span 387,223 square feet and yield a total of 488 rental units, of which 43 percent will be dedicated to permanently affordable housing. Monadnock Construction, Inc. is the general contractor for the two buildings, which are being built between Suffolk and Norfolk Streets.

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Covenant House Completes Construction at 460 West 41st Street in Midtown West, Manhattan

Construction is complete on 460 West 41st Street, a 164-foot-tall mixed-use building in Midtown West. Designed by FXCollaborative and developed by Covenant House, the 80,290-square-foot structure is the first supportive housing development by the company in nearly 50 years and was made possible with help from Gotham Organization and Denham Wolf Real Estate Services. The site is located along the southern border of Hell’s Kitchen between Eighth and Ninth Avenues and West 40th and West 41st Streets, and is a short distance from the Port Authority Bus Terminal. The building will yield 60 residential units averaging approximately 884 square feet, as well as a 53,053-square-foot community facility. The project was last reported to cost $128 million.

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Façade Work Progresses on Gotham Point’s ‘Parcel F’ in Hunters Point South, Queens

At number 30 on YIMBY’s annual countdown of the 31 tallest buildings under construction in the New York City metropolitan region is Parcel F, a 559-foot-tall residential skyscraper in the two-tower Gotham Point development in Hunters Point South, Queens. Designed by Handel Architects and developed by The Gotham Organization, RiseBoro Community Partnership, Goldman Sachs Urban Investment Group, and the Department of Housing Preservation and Development (HPD), the 57-story structure stands alongside its 33-story, 443-foot-tall sibling Parcel G, collectively yielding over 1 million square feet and 1,132 rental apartments. Of these, 75 percent will debut as affordable housing and age-restricted homes for seniors. The development is bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west, and also features a five-acre waterfront park constructed by New York City’s Economic Development Corporation and a 1,100-seat Intermediate High School built by the School Construction Authority. Handel Architects is also the interior designer while BHDM was responsible for the interiors of the model apartment.

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