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131-141 East 47th Street Tops Out Over Midtown East, Manhattan

Construction has topped out on 131-141 East 47th Street, a 34-story residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Lex 47th Property Owner LLC, the 500-foot-tall structure will yield 191 condominium units in studio to two-bedroom units, as well as 5,000 square feet of ground-floor retail space. Hopson Development Holdings is developing the site, which was purchased from the original developers, New Empire Real Estate. Silverback Development was brought onto the project in 2020 but is now no longer part of the building. Structure Tech New York and Cauldwell Wingate are in charge of building the project, which is located between Lexington and Third Avenues.

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144 First Street Reaches 12-Story Pinnacle in Jersey City, New Jersey

Construction has topped out on 144 First Street, a 12-story residential building in Jersey City‘s Powerhouse Arts District. Designed by Fogarty Finger Architecture and developed by EPIRE, the 125-foot-tall structure will yield 115,000 square feet with 84 apartments ranging from studios to three-bedroom units, as well as ground-floor retail space for two tenants. WSP is the structural engineer and Molfetta Corporation is the general contractor for the project, which is bound by Provost Street to the east, 1st Street to the south, and 2nd Street to the north. BHI, the U.S division of Israel’s Bank Hapoalim, provided a $36 million construction loan for the project in January.

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241 West 28th Street’s Brick Façade Takes Shape in Chelsea, Manhattan

Façade work is shaping up at 241 West 28th Street, a pair of 22-story residential buildings in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot development will yield 480 units with 30 percent reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. King Contracting Group is in charge of brickwork and Urban Atelier Group is the general contractor for the complex, which is located between Seventh and Eighth Avenues on what used to be an open-air parking lot that MAG Partners acquired in December 2018 under a 99-year ground lease with Edison Properties.

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Renderings of the new mixed-income property at Essex Plaza - Courtesy of Fairstead

Rendering Revealed for Mixed-Use Affordable Housing Development in Newark, New Jersey

Fairstead and LIHC Investment Group have announced plans for a six-story mixed-use development at 127 Orchard Street in Newark, New Jersey. Part of Essex Plaza, a 13-building residential complex, the new structure will replace a surface-level parking lot and yield 365,000 square feet with 241 units. Forty percent of these will be set aside as affordable units for households and individuals at 60 percent area median income (AMI). In practice, that equates an annual income of $64,400 for a four-person household.

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