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Rendering of Iron Horse Labs at 309 East 94th Street - Perkins & Will; Elevate Research Properties

Construction Begins on Iron Horse Labs at 309 East 94th Street on Manhattan’s Upper East Side

7:30 am on October 24, 2023 By Michael Young and Matt Pruznick

Work is taking shape at 309 East 94th Street, the future site of an eight-story 200,000-square foot life sciences facility on Manhattan’s Upper East Side. Designed by Perkins + Will and developed by Elevate Research Properties, the life sciences subsidiary of Taconic Partners, Nuveen Real Estate and Flatiron Equities, the building is going to be expanded, recladded, and fully renovated. The project will be called the Iron Horse Labs, named after New York Yankees legend Lou “Iron Horse” Gehrig who was born at the same address. 309 East 94th Street Property Owner LLC is listed as the owner and JRM Construction Management is the general contractor for the property, which is situated on a large interior lot between First and Second Avenues.

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The Wellington’s Renovation and Expansion Progresses at 1290 Madison Avenue on Manhattan’s Upper East Side

7:30 am on October 22, 2023 By Michael Young and Matt Pruznick

Construction and renovations are progressing on The Wellington, a historic six-story, 25,000-square-foot building at 1290 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Designed by Page Ayres Cowley Architecture, LLC for 1290 Madison LLC, the project involves the conversion of the interiors to yield ten condominium units spanning 21,600 square feet, the construction of a one-story addition above the parapet, the restoration of the Renaissance Revival façade, and modernization of the 3,600 square feet of ground-floor retail space. First Standard Construction is the general contractor for the property, which is located at the corner of Madison Avenue and East 92nd Street.

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Housing Lottery Launches for 505 State Street in Downtown Brooklyn

7:00 am on October 12, 2023 By Vanessa Londono

The affordable housing lottery has launched for 505 State Street, a 44-story mixed-use building at 100 Flatbush Avenue in Downtown Brooklyn. Designed and developed by Alloy Development, the structure yields 440 residences. Available on NYC Housing Connect are 45 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $29,109 to $127,100.

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43-30 24th Street Approaches Halfway Mark Over Long Island City, Queens

8:00 am on October 10, 2023 By Michael Young

Construction is rapidly moving along at 43-30 24th Street, a large 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor commercial retail space. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.

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267 Bond and 498 Sackett Streets Rise Above Gowanus, Brooklyn

8:00 am on September 18, 2023 By Michael Young

Construction is rising on Society Brooklyn and Sackett Place, a pair of 21-story residential buildings at 267 Bond Street and 498 Sackett Street in Gowanus, Brooklyn. Designed by SLCE Architects and developed by Property Markets Group, which acquired both plots for $9 million in 2021, the complex will span 594,000 square feet and yield 517 residential units and 52,000 square feet of commercial space. The project is proceeding with $18.5 million in construction financing from Maxim Capital Group. Urban Atelier Group is the general contractor for the project, which is bound by DeGraw Street to the north, Sackett Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

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