Foundation Work Progresses for 740 Eighth Avenue in Midtown, Manhattan

At number two on our year-end countdown of the tallest buildings under construction in New York is 740 Eighth Avenue, a 1,067-foot mixed-use supertall skyscraper in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story structure will span 776,000 square feet with an 825-room hotel on the lower half and a public observatory with a drop ride attraction above. The property will also feature lower-level retail space, a restaurant on two of the upper floors, and a pool deck for hotel guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the project, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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Render of Utica Crescent Apartments, by Bernheimer Architecture

Developers Secure $256 Million for Utica Crescent Affordable Apartments In East Flatbush, Brooklyn

Monadnock Development, CB Emmanuel Realty, and Equity Developers have announced the closing of a $256 million financing deal for the Utica Crescent Apartments project in East Flatbush, Brooklyn. This development, part of New York State’s Division of Housing and Community Renewal Vital Brooklyn Initiative, is set to transform an underutilized parking lot at 832 Rutland Road into a hub that offers affordable housing and commercial spaces and community spaces.

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Housing Lottery Launches for 906 East New York Avenue in East Flatbush, Brooklyn

The affordable housing lottery has launched for 906 East New York Avenue, an eight-story mixed-use building in East Flatbush, Brooklyn. Designed by RSLN Architecture and developed by Abeco Organization, the structure yields 48 residences. Available on NYC Housing Connect are 15 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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Rendering of 520 Fifth Avenue and the Midtown skyline

520 Fifth Avenue’s Curtain Wall Takes Shape in Midtown, Manhattan

At number three on our year-end countdown of the tallest buildings under construction in New York is 520 Fifth Avenue, a 1,000-foot residential supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 76-story structure will span 415,000 square feet and yield 98 condominium units with interior design by Charles & Co., as well as commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

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