Permits have been filed for a seven-story mixed-use building with affordable housing at 504 West 49th Street in Midtown West, Manhattan. Located between 10th and 11th Avenues, the lot is two blocks west of the 50th Street subway station, serviced by the C and E trains. Joel Kolkmann of Douglaston Development is listed as the owner behind the applications. Permit details also specify this is a Department of Housing Preservation and Development project.
Closings are set to begin this August for a new office condominium property at 35 West 36th Street in Herald Square, Manhattan. From developer Hidrock Properties the 12-story, 80,000-square-foot structure is currently undergoing a conversion from traditional office space to office condominium units.
Alchemy-ABR Investment Partners and Cain International are working in collaboration to complete a new 26-story office tower at 125 West 57th Street. Designed by FXCollaborative, the building will stand 420 feet above ground and comprise approximately 260,000 square feet.
Earlier this week, Fisher Brothers Management Company unveiled the first new images of its $120 million renovation to 1345 Avenue of the Americas, a 625-foot-tall mid-century office skyscraper in Midtown. The improvements include a Wi-Fi-enabled public park with large-scale art installations, upgrades to the lobby, and the addition of a conference and amenity floor.
The affordable housing lottery has launched for River Place, a 40-story residential building at 650 West 42nd Street in Midtown West, Manhattan. Built in 1999, the structure yields 921 units. Available on NYC Housing Connect are 47 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $38,743 to $167,570.