New York

111 Montgomery Street, rendering by Karl Fischer

Developer Acquires Site of 12-Story, 162-Unit Residential Project at 109 Montgomery Street, Crown Heights

The 21,906-square-foot development site at 109 Montgomery Street, in southwestern Crown Heights, has recently changed hands for $24.5 million. Cornell Realty is likely the new owner, according to the Brooklyn Daily Eagle. The site has been approved for a 12-story, 162-unit residential building, which YIMBY revealed renderings of back in October of 2015. The latest permits indicate the building will encompass 168,236 square feet. If the new owner builds the current plans, the residential units, ranging from studios to three-bedrooms, should average 814 square feet apiece. Amenities include a 71-car underground garage, a pet spa, private residential storage, storage for 81 bikes, outdoor terraces on the ground, second, and rooftop levels, and a fitness center. Karl Fischer is the architect. Demolition permits indicate crews will begin to raze the existing single-story warehouse imminently. The site is located five blocks south of the Franklin Avenue stop on the 2/3 and 4/5 trains and Franklin Avenue Shuttle.


Central Park Tower

Renderings Surface for Central Park Tower, 217 West 57th Street

YIMBY has chronicled the evolution of 217 West 57th Street, aka Nordstrom Tower and officially dubbed Central Park Tower, since it was clearing hurdles for the approval of its cantilever. Now that the building has begun rising, renderings from Extell have finally started leaking online, this time courtesy of EB-5 materials that surfaced on the YIMBY forums. The images show the tower is identical to renderings created in-house by YIMBY previously, and while they confirm the supertall has lost its spire, it will still become the tallest building by roof height on the continent, reaching 1,550 feet tall, and having a marketing floor count of 131.

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One Vanderbilt

Demolition Progresses at Site of One Vanderbilt, 67-Story, 1.73-Million-Square-Foot Office Tower in Midtown East

Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.

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500 East 14th Street

Foundation Work Underway At Seven-Story, 160-Unit Mixed-Use Project At 500 & 524 East 14th Street, East Village

Foundation work is well underway at the site of Extell Development’s seven-story, 160-unit mixed-use development at 500 East 14th Street and 524 East 14th Street, in the East Village. Rebar can now be seen sprouting from the ground, as seen in photos in a EV Grieve update. Once complete, a seven-story, 106-unit building, encompassing 181,713 square feet, will be situated on the corner of Avenue A. A seven-story, 54-unit mixed-use building, measuring 71,719 square feet, will stand down the street at 524 East 14th Street. Across both, there will be 45,407 square feet of commercial-retail space on the ground and cellar levels. The apartments above should average 1,215 square feet apiece, which suggests condominiums are in the works.

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