Exterior work is progressing on 232 East 54th Street, a topped-out 420-foot-tall residential tower in Midtown East. Designed by Ismael Leyva Architects, the 40-story structure is located between Second and Third Avenues near a number of notable buildings such as the Lipstick Building at 885 Third Avenue and the 915-foot-tall Citigroup Center, aka 610 Lexington Avenue. YIMBY last reported that Elk Investors was listed as the exclusive developer of the building, though ownership may have fully transferred to Mossanen Group and an LLC known as East 54th St. Properties.
Morris Adjmi Architects’s 29-story residential tower may soon go vertical at 550 Clinton Avenue in Clinton Hill, Brooklyn, following developer Hope Street Capital’s procurement of $180 million in construction financing. The building will eventually comprise 280,000 square feet including 284 apartments and about 60,000 square feet of retail area.
Maddd Equities is responsible for one of the largest forthcoming developments in the South Bronx, a new 274,000-square-foot building in the borough’s Cromwell-Jerome neighborhood. Located at 1164 River Avenue, the development is currently in pre-construction and will eventually comprise 250 rental units and 88,000 square feet of lower-level commercial space.
The foundation work is underway at 308 Livingston Street, a 23-story, 160-unit rental building in Downtown Brooklyn. The project is designed by Fogarty Finger Architecture and is being developed by Lonicera Partners, which purchased the lot in May 2019 for $11 million and demolished several low-rise structures to clear the way for the new development.
YIMBY stopped by 540 Fulton Street to check on the progress of the 511-foot-tall skyscraper in Downtown Brooklyn. Façade work appears to have stalled on the topped-out mixed-use tower, which is designed by Marvel Architects and developed by Jenel Management. Located at the corner of Fulton Street and Flatbush Avenue, the 43-story project will yield 330,000 square feet, with 239,142 square feet spread across 327 residential units, as well as 71,844 square feet of commercial space and 22,054 square feet of retail on the podium floors. Zebian International Façade Solutions is the manufacturer for the glass and metal curtain wall.