Governor Andrew Cuomo this week unveiled a multi-billion dollar initiative to revitalize and rebuild infrastructure across New York State. Entitled “Reimagine | Rebuild | Renew,” the 2021 agenda is touted as the largest state infrastructure plan in the country and sets in motion the improvement of state roadways, public transportation, airports, and large swaths of Midtown, Manhattan.
Construction is nearing topping out at 300 West Street, a 16-story mixed-use building in Chelsea. The structure will yield 80 residential units as well as ground-floor retail space. The project is designed by Studio C Architects and developed by Hiwin USA, which purchased the property from Salt Equities in May 2018 for $27.5 million. The site is located at the corner of Eighth Avenue and West 30th Street, a short walk away from number of transit hubs including Penn Station and the newly opened Moynihan Train Hall.
Permits have been filed for a seven-story mixed-use building at 23-33 Astoria Boulevard in Astoria, Queens. Located between 23rd Street and Crescent Street, the interior lot is west of the Astoria Boulevard subway station, serviced by the N and W trains. Perry Moradof under the Astocrest Holding LLC is listed as the owner behind the applications.
Today’s housing lottery round-up features two buildings with affordable units on Housing Connect with deadlines closing within the next seven days. Unfortunately, an update to the Housing Connect website this week has apparently left the system rather glitchy, as it now lists incorrect numbers of units remaining, and the photos and renderings have similarly become defunct, all in the midst of New York City’s worst housing crisis since the 1930s.
Façade installation is nearing completion on the Margaritaville Resort New York at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 29-story, 375-foot-tall tower will yield 234 guest rooms with island-inspired interior designs. The project, which is located at the corner of Seventh Avenue and West 40th Street, is expected to cost around $300 million.