Mixed-Use

514 Eleventh Avenue

Silverstein Puts Development Site At 514 Eleventh Avenue On The Market, Midtown West

Over the summer, Silverstein Properties began demolishing the low-rise commercial building at 520 West 41st Street/514 Eleventh Avenue, in Midtown West, to make way for a 1,400-unit mixed-use development. Now, the developer has tasked CBRE to market and sell the property, which could potentially be worth close to $500 million, according to Crain’s. The project is currently being processed through ULURP, as a rezoning is required, and Silverstein eventually agreed to allot 375,000 square feet for affordable housing. YIMBY revealed the original proposal in July of 2014.


1681 Third Avenue

30-Story, 83-Unit Condo Building Under Construction At 200 East 95th Street, Upper East Side

Earlier this year, YIMBY revealed renderings of Extell Development’s 30-story, 83-unit mixed-use building planned at 200 East 95th Street/1681 Third Avenue, on the Upper East Side, and now foundation work is underway, according to DNAinfo. The building is being dubbed The Kent, and its 83 units will be condominiums spanning two- to five-bedrooms apiece. Ground-floor retail space will also measure 14,000 square feet, and Beyer Blinder Belle is the architect of record. Completion is expected in the second half of 2017.


143 East 60th Street

Developer Acquires Assemblage At 143 East 60th Street, Plans Residential Tower With Retail, Midtown East

Back in June, Kuafu Properties was in contract to purchase the assemblage spanning 143-161 East 60th Street, on the northern edge of Midtown East, and now the Chinese developer has closed on the acquisition, according to Commercial Observer. The site has a nearly 20,000 square-foot footprint, and roughly 280,000 square feet of development potential. Kuafu plans to build a luxury residential tower with a large retail base, although the existing six low-rise buildings must first be demolished.


622 Myrtle Avenue

Six-Story, 11-Unit Residential Building Filed At 622 Myrtle Avenue, Bedford-Stuyvesant

Joel Schwartz’s Brooklyn-based Southside Units has filed applications for a six-story, 11-unit residential building at 622 Myrtle Avenue, in northwestern Bedford-Stuyvesant, four blocks north of the Classon Avenue stop on the G train. The building will measure 9,408 square feet, which means units will average 855 square feet apiece. A retail unit will also be located in the cellar level, and Queens-based Julien Flander is the applicant of record. A three-story brick townhouse must first be demolished.


252 South Street

Extell’s 80-Story, 800+ Unit Tower At 252 South Street Revealed, Lower East Side

Earlier this year, YIMBY revealed the first few renderings of Extell Development’s 252 South Street, on the Lower East Side (in the Two Bridges neighborhood), and now Bloomberg Business has the full reveal for the 80-story tower. Dubbed One Manhattan Square, the building will have more than 800 condominiums, and will feature 50,000 square feet and 40,000 square feet of indoor and outdoor amenities, respectively. Foundation work is well underway, and completion is expected by early 2019. Adam Associates is the architect of record.


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