The Durst Organization has acquired, for $173.5 million, the high-profile mixed-use development site at 29-37 41st Avenue, in Long Island City’s Court Square section. The new owner plans to build a tower with 1,000 rental apartments, rising as tall as 914 feet above street level, the New York Times reported. It’s expected that 25 percent, or 250 units, will rent at below-market rates through the housing lottery, Real Estate Weekly reported. The project would also include the creation of a half-acre public park. The sale included the vacant 14-story, 49,300-square-foot commercial building at 27-29 Queens Plaza North, an individual landmark, which was expected to receive a renovation by the same previous developers.
Construction is now up to the 17th floor on the 42-story, 1,028-unit mixed-use complex under development at 606 West 57th Street, located on a large portion of the block bounded by West 56th and 57th streets and 11th and 12th avenues in Hell’s Kitchen. Progress can be seen thanks to photos posted to the YIMBY Forums.
Construction has topped out on the 28-story mixed-use building under development at 577 Ninth Avenue, located between West 41st and 42nd streets in Hell’s Kitchen. Progress on the project, dubbed Pod Times Square, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the structure encompasses 218,872 square feet and rises 300 feet to its main roof, or 363 feet to the top of its bulkhead.
Construction is now 18 stories above street level on the 54-story, 790-unit residential project under development at 43-22 Queens Street, in the Court Square/Queens Plaza section of Long Island City. Progress on the structure can be seen thanks to photos posted to the YIMBY Forums. The tower will rise 598 feet to the top of its bulkhead and encompass 712,747 square feet. The project will incorporate much of the former six-story Eagle Electric Manufacturing building, which will serve as the tower’s base. Apartments will be located on the second through 54th floors, with amenities mostly on the ground through fourth floors. Rose Development is behind the project and SLCE Architects is the architect. Completion is expected late next year.
Construction is now occurring above ground level on the 63-story, 483-unit mixed-use tower under development at 118 Fulton Street, located on the corner of Dutch Street in the Financial District. The progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the tower, dubbed 19 Dutch, will encompass 595,140 square feet and rise 758 feet above street level. That’s a significant height increase from the summer, when a 49-story tower was planned.