New York

509 Third Avenue Nears Topping Out in Murray Hill, Manhattan

8:00 am on May 29, 2022 By Michael Young

Construction is nearing topping out on 509 Third Avenue, a 35-story residential tower in Murray Hill. Designed by Ismael Leyva Architects and developed by Lalezarian Properties under the Third and Thirty Four LLC, and Kahen Properties. The 386-foot-tall structure will yield 166,917 square feet with 229 residential units, most likely rentals with an average scope of 692 square feet each, as well as 8,253 square feet of commercial space and a 30-foot-long yard. The property is located at the corner of Third Avenue and East 34th Street.

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Demolition Complete for 40-Story Tower at 111 Willoughby Street in Downtown Brooklyn

7:30 am on May 29, 2022 By Michael Young

Demolition is complete at 111 Willoughby Street, the site of a 40-story residential tower in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the 437-foot-tall structure will yield 205,000 square feet with 227 rental units, a 20,000-square-foot ministry center for the St. Boniface parish, and 1,814 square feet of commercial space. ZDG is the general contractor for the property, which is located by the intersection of Willoughby Street to the south and Duffield Street to the east.

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611 West 56th Street Wraps Up Construction in Hell’s Kitchen, Manhattan

7:30 am on May 27, 2022 By Michael Young

Exterior work is complete on 611 West 56th Street, a 35-story residential tower in Hell’s Kitchen. Designed by Portuguese architect Alvaro Siza with SLCE as the architect of record and developed by Sumaida + Khurana and LENY, the 450-foot-tall structure will yield 77 units with interiors designed by Gabellini Sheppard Associates. Homes come in one- to four-bedroom layouts, as well as duplex “maisonettes,” full-floor homes, and a grand penthouse. Corcoran Sunshine Marketing Group is handling sales and marketing for the property, which is alternately addressed as 823 Eleventh Avenue and is located at the corner of West 56th Street and Eleventh Avenue.

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2505 Broadway Nears Completion on Manhattan’s Upper West Side

8:00 am on May 26, 2022 By Michael Young

Work is nearing completion on 2505 Broadway, a 19-story residential building on Manhattan’s Upper West Side. Designed by ODA and developed by Adam America Real Estate, the 75,000-square-foot structure will yield 44 residential units in one- to four-bedroom layouts, many with private terraces. Ariel Tirosh and Douglas Elliman Development Marketing are the exclusive sales and marketing agents for the project, which is located near the corner of Broadway and West 93rd Street. As of now, the building is 50 percent sold and has immediate occupancy with prices starting from $1.625 million.

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Demolition Underway for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on May 25, 2022 By Michael Young

Demolition has begun at 550 Tenth Avenue, the site of a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot structure will yield 453 units, with 316 market-rate and 137 moderate- and middle-income homes, as well as 9,000 square feet of retail space and over 20,000 square feet of amenities. The building will also house 26,764 square feet of administrative office space for Covenant House. Wells Fargo and US Bank provided a $212 million construction loan and Lionheart Strategic Management assisted with $35 million in mezzanine financing for the project, which is located along Tenth Avenue between West 40th and 41st Streets.

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