Work Resumes on 550 Tenth Avenue After Crane Collapse in Hell’s Kitchen, Manhattan

8:00 am on October 27, 2023 By Michael Young and Matt Pruznick

Construction resumes on 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the rising 520-foot-tall structure will yield 430,000 square feet and 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

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Rendering of New York Blood Center in Rye, courtesy of Westchester County LDC

Westchester LDC Approves $52M Bond Financing for NY Blood Center’s $108M Project

7:30 am on October 27, 2023 By Max Gillespie

The Westchester County Local Development Corporation (LDC) has given preliminary approval for $52 million in tax-exempt bond financing to assist the New York Blood Center Inc. in redeveloping the former Avon headquarters at at 601 Midland Avenue in Rye. The approval, which was granted October 20, will facilitate the transformation of the old headquarters into a 187,000-square-foot facility, entirely leased to the New York Blood Center for offices, testing and research laboratories, along with processing, storage, and distribution of blood and related supplies.

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Lincoln At Bankside Phase 2 Launches 132 Affordable Housing Lottery Units in Mott Haven, The Bronx

7:00 am on October 27, 2023 By Vanessa Londono

The affordable housing lottery has launched for Lincoln at Bankside Phase 2, a 25-story residential building at 101 Lincoln Avenue in Mott Haven, The Bronx. Designed by Hill West Architects and developed by Brookfield, the structure yields 921 residences. Available on NYC Housing Connect are 132 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $86,572 to $198,250.

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1299 Third Avenue Rises Past the Halfway Mark on Manhattan’s Upper East Side

8:00 am on October 26, 2023 By Michael Young

Construction has risen past the halfway mark on 1299 Third Avenue, a 33-story residential tower on Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Elad Group, which purchased the plot for $61 million in April 2022, the 420-foot-tall structure will yield 47 condominium units. Press Builders is the general contractor for the property, which is located on an interior lot facing Third Avenue with two small extensions to East 74th and East 75th Streets.

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