Excavation Progresses for 30-Story Office Tower at 125 West 57th Street in Midtown, Manhattan

8:00 am on October 16, 2022 By Michael Young

Excavation is progressing at 125 West 57th Street, the site of a 30-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy Properties and ABR Partners, the $350 million project will yield 185,000 square feet of offices and ground-floor space for the Calvary Baptist Church. Leading Builders Group is the general contractor for the property, which is located between Sixth and Seventh Avenues, near supertalls One57 and 111 West 57th Street.

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171 North 1st Street Nears Completion in Williamsburg, Brooklyn

7:30 am on October 16, 2022 By Michael Young

Exterior work is nearing completion on 171 North 1st Street, a seven-story residential building in Williamsburg, Brooklyn. Designed by Fogarty Finger and developed by Gemini Rosemont under the North First Street LLC, the 70-foot-tall structure will yield 59 units spread across 49,802 square feet as well as 29 enclosed parking spaces. Broadway Construction Group is the general contractor of the property, which is located between Bedford and Driggs Avenues.

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Pilings Underway for 731-Foot Skyscraper at 43-30 24th Street in Long Island City, Queens

8:00 am on October 15, 2022 By Michael Young

Below-grade work is progressing at 43-30 24th Street, the site of a 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 retail space. The developer purchased the 79,250-square-foot full-block parcel from Stawski Partners for $200 million in March 2022 and secured a $364 million construction loan from Wells Fargo to complete the project. 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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