Excavation and drilling have commenced at Extell Development’s site spanning 500-524 East 14th Street (excluding No. 520), in the East Village, EV Grieve reports. A number of single-story retail structures were demolished to make-way for the two-building, seven-story mixed-use development, which will eventually have 150 residential units and 56,610 square feet of retail. Signage reveals an expected completion date of January 2017.
Steel beams have been erected up to the second floor of Adam America’s and Horizon Group’s 12-story, 38-condo-unit mixed-use building at 100 Norfolk Street, on the Lower East Side. Bowery Boogie reports construction has been crawling along, and the project may not make its scheduled completion for 2016. The building is over 85% sold, according to REW, and 11,250 square feet of retail is planned. ODA Architecture is designing.
DHA Capital is in contract to purchase the three-story parking garage located at 75 Kenmare Street, in Nolita, for roughly $50 million, according to Bowery Boogie. The new owner plans to develop a 68,000 square-foot mixed-use building featuring luxury residential units and retail space. Most units will measure closer to 1,000 square feet, smaller than other new-construction condos in the area, according to The Real Deal, who was also the first to report the news.
The Naftali Group’s 20-story luxury condominium project at 234 East 23rd Street, in Gramercy, has risen quickly since construction began last year. The new building consists of 57 units, and now YIMBY has fresh renderings of the penthouse.
In December, foundation work began on the 50-story, 974-unit mixed-use building planned at 43-25 Hunter Street, in Long Island City’s Court Square. Rebar and concrete have now reached the second story of the 786,105 square-foot building, which will feature 18,800 square feet of retail, according to The Court Square Blog. Rockrose is developing, and SLCE is the architect. YIMBY revealed renderings in 2014, and completion is scheduled for the middle of 2017.