111 Willoughby Street Rises in Downtown Brooklyn

8:00 am on December 2, 2023 By Michael Young and Matt Pruznick

The 30th-tallest building on our year-end construction countdown is 111 Willoughby Street, a 40-story residential tower that has begun to rise in Downtown Brooklyn. Designed byGF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the 437-foot-tall structure will span 205,000 square feet and yield 227 rental units, a 20,000-square-foot ministry center for the St. Boniface parish, and 1,814 square feet of commercial space. ZDG, LLC is the general contractor for the property, which is located by the intersection of Willoughby Street to the south and Duffield Street to the east.

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Rendering of 10th Avenue entrance, via Wells Fargo

Wells Fargo Announces Retail-to-Office Conversion in Hudson Yards, Manhattan

7:30 am on December 2, 2023 By Max Gillespie

Wells Fargo has announced plans to consolidate most of its New York office presence across two buildings in Hudson Yards. Developed by Related Companies, the project involves the conversion of three stories of retail space in 20 Hudson Yards into 445,000 square feet of new office space, providing an easy link to the company’s existing nine-story footprint in the connecting 30 Hudson Yards supertall skyscraper. Wells Fargo reportedly purchased the former Neiman Marcus store, which closed in 2020, for $550 million and plans to open the new office in three years.

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Affordable Housing Lottery Launches for 2330 Cambreleng Avenue in Belmont, The Bronx

6:30 am on December 2, 2023 By Vanessa Londono

The affordable housing lottery has launched for 2330 Cambreleng Avenue, an eight-story mixed-use building in Belmont, The Bronx. Designed by IMC Architecture and developed by Global Management, the structure yields 45 residences, community facility space, and 13 parking spots. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,738 to $198,250.

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THE 74 Closes in on Final Stories at 201 East 74th Street on Manhattan’s Upper East Side

8:00 am on December 1, 2023 By Michael Young and Matt Pruznick

Kicking off YIMBY’s annual year-end construction countdown of the 31 tallest buildings under construction in New York City is THE 74, a rising 32-story residential tower at 201 East 74th Street on Manhattan’s Upper East Side. Designed by Pelli Clarke & Partners with SLCE Architects as the architect of record and developed by Elad Group, which purchased the property for $61 million in April 2022, the 420-foot-tall structure will yield 42 condominium units and an accompanying collection of residential amenities. Rafael de Cardenas is the interior designer for the amenity spaces and the residences, which are being marketed by Corcoran Sunshine Marketing Group and will include half-floor two- and three-bedroom units, full-floor four- and five-bedroom homes, a single free-standing townhome, and a duplex penthouse. Press Builders is the general contractor for the project, which is alternately addressed as 1299 Third Avenue and located on an interior lot facing Third Avenue with two small panhandle extensions to East 74th and East 75th Streets.

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