New renderings have been revealed of the redesigned eight-story, 22-unit mixed-use project under development at 75 First Avenue, located between East Fourth and Fifth streets in the East Village. The project’s developer, Colonnade Group, is expecting the building’s condominiums to sell for a combined $42 million, The Real Deal reported. The latest building permits indicate the structure will encompass 30,058 square feet and rise 80 feet to its main roof.
Construction is now two stories above street level—a two-story increase since the end of May—on the two-towered, 48- and 41-story, 1,115-unit mixed-use development replacing 5Pointz at 22-44 Jackson Avenue, in the Court Square section of Long Island City. The latest photos of the site can be seen at The Court Square Blog. The entire complex will encompass 1,209,884 square feet, including 39,765 square feet of commercial space on the ground and cellar levels. Some of that space will be for 20 artists’ studios. The residential units will be rentals averaging 876 square feet apiece. Twenty percent of them, or 223 units, will rent at below-market rates through the affordable housing lottery. G&M Realty is the developer and HTO Architect is behind the architecture. Completion is expected towards the end of 2017.
After 123 years in business, the Modell pawn shop chain is moving to redevelop its stores. The company has filed plans to build a 15-story building at 139 East 23rd Street, where its Kips Bay shop currently stands.
In April, developer Matthew Adell shelled out $28 million for an odd-looking, five-story townhouse at 27 East 79th Street on the Upper East Side. Now, he plans to build a 15-story condo building on the property, which is three doors down from former Mayor Michael Bloomberg’s mansion at 17 East 29th Street.
Back in August of 2015, YIMBY revealed renderings of the 12-story, 13-unit residential project at 12 Warren Street, in TriBeCa. Construction on the exterior of the building, which goes by 12 Warren, is wrapping up, with the façade of the structure now fully installed, Curbed NY reported. The project is technically an expansion of the site’s five-story commercial predecessor but now boasts 55,447 square feet of residential space. The residential units, which are condominiums, should average a very spacious 4,265 square feet apiece. Amenities include a fitness center, private residential storage units, a recreational room in the cellar, and an open terrace on the rooftop. DDG is both developing and designing the project, while H. Thomas O’Hara’s Midtown-based HTO Architect is serving as the architect of record. Occupancy is expected later this year.