Excavation is progressing at 65 Franklin Street, the site of a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture, the 210-foot-tall structure will yield 41 homes and ground-floor retail space. The project is being developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners in the spring of 2019. The site is located at the corner of Broadway and Franklin Streets, and was formerly occupied by several low-rise structures. Noble Construction Group is the general contractor for the property.
Construction is rising on 192 Montague Street, a 20-story residential building in the Borough Hall Skyscraper Historic District of Brooklyn Heights. The 140,700-square-foot structure is designed by Beyer Blinder Belle with James M. Patterson of Ancora Engineering listed as the applicant of record, and developed by Midtown Equities, which purchased the 10,000-square-foot site for $25 million from HSBC Bank.
Construction is wrapping up on The Central at 5th, a 367-foot-tall Hilton Grand Vacation Hotel at 12 East 48th Street in Midtown East. Designed by Handel Architects and developed by Hidrock Realty, the 31-story structure will yield 161 rooms across 125,000 square feet. DeSimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the building, which is located between Madison Avenue to the east and Fifth Avenue to the west.
Work is progressing on Eastlight, a 34-story, 388-foot-tall condominium building in Manhattan’s Kips Bay. Designed by CetraRuddy Architecture and developed by 200 East 34th LLC, which is listed as the owner on permits, the 135,094-square-foot project will yield 144 condominiums and 2,992 square feet of commercial space on the lower levels. The site is located at 501 Third Avenue, at the corner of Third Avenue and East 34th Street and is alternately addressed as 200 East 34th Street. Alongside the recent launch of the building’s website, the 4,600-square-foot sales gallery is also now open on the 29th floor of 475 Park Avenue South. Views of Eastlight are visible from within, and the gallery also includes a full-scale model of the building and its location in Manhattan in relation to nearby neighborhoods such as NoMad, Midtown, Gramercy Park, and the Flatiron District.
Savanna, a New York-based development company, recently landed $264 million in financing to complete 141 Willoughby Street, a 24-story commercial tower underway in Downtown Brooklyn. Designed by Fogarty Finger with SLCE Architects, the property will yield 400,000 square feet of office and retail space.