A new 26-story tower in Journal Square could soon begin construction following approvals from the Jersey City Planning Board. The tower will occupy a large T-shaped parcel of land at 415-435 Summit Avenue. The project will eventually debut as 425 Summit Avenue.
Today, One Essex Crossing is officially launching sales, and YIMBY has an exclusive reveal of a slew of renderings for the project, for which occupancy is anticipated later this year. Located on Manhattan’s Lower East Side, the 14-story full-block development is designed by CetraRuddy and developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Partners, the Prusik Group, and Goldman Sachs Urban Investment Group. The site is bounded by Delancey Street to the north, Suffolk Street to the east, Broome Street to the south, and Norfolk Street to the west, and is one of several addresses in the Essex Crossing master plan that’s spread across six acres and a total of nine buildings. Corcoran Sunshine Marketing Group is handling sales for One Essex Crossing with prices ranging from $890,000 for a studio, to $6,689,000 for a duplex penthouse.
A new rendering has been revealed for 2500 Barker Avenue, a seven-story mixed-use building under construction in the Allerton neighborhood of The Bronx. Designed by J Frankl Associates, the 74-foot-tall building will yield 48,452 square feet, with just under 36,000 square feet of residential area and about 12,500 square feet of ground-floor commercial space.
Following years of dispute and litigation, the Jersey City Planning Board has officially granted Kushner Companies necessary approvals to begin construction on One Journal Square, a two-skyscraper complex in downtown Jersey City. Designed by Woods Bagot, the buildings will comprise 2 million square feet and stand 710 feet tall.
Demolition work is continuing at 1568 Broadway in Times Square, where the 46-story, 470-foot-tall building now stands less than 20 stories high. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the project involves the partial demolition of the former DoubleTree Suites by Hilton and construction of a new 46-story, 550,000-square-foot hotel tower dubbed TSX Broadway, on its foundations. This also includes the preservation of the 108-year-old Palace Theater, which will be raised 30 feet to make room for ground-floor retail space. The site is located at the corner of Seventh Avenue and West 47th Street, directly across from the TKTS stairs.