Amazon has officially acquired the historic Lord & Taylor Building at 424 Fifth Avenue in Midtown, Manhattan. Although Amazon and WeWork, the building’s former owner, have not released any statements on the deal, the transaction is reportedly valued between $978 million and $1.15 billion.
Permits have been filed for a seven-story mixed-use building at 407 Remsen Avenue in East Flatbush, Brooklyn. Located between Lenox Road and East 58th Street, the interior lot is a short walk to the Saratoga Avenue subway station, serviced by the 3 and 4 trains. Yoel Horowitz of Highline Developers is listed as the owner behind the applications.
Permits have been filed for a 13-story mixed-use building at 2686 Broadway on Manhattan’s Upper West Side. Located between West 102nd Street and West 103rd Street, the interior lot is steps from the 103rd Street subway station, serviced by the 1 train, and a short walk east to the 103rd Street station on Central Park West, serviced by the B and C trains. Developer Toll Brothers is listed as the owner behind the applications.
When it comes to new development in New York City, one of the most prolific and notable of the current firms in existence is The Durst Organization, which previously led the construction of One World Trade Center in a public-private partnership with The Port Authority. YIMBY recently interviewed its eponymous head, Douglas Durst, who gave updates on the firm’s major new Long Island City project, dubbed Sven, as well as a range of other topics.
Today, YIMBY has a look at a new set of renderings for 250 Water Street, a mixed-use supertall proposed to rise in Lower Manhattan’s South Street Seaport District. The skyscraper is being designed by Skidmore Owings & Merrill and developed by The Howards Hughes Corporation, which purchased the land from Milstein Properties in 2018 for $180 million. There are several possible iterations for the building with a range of varying heights and designs, the tallest of which could stand 990 feet. Over 700,000 square feet of unused air rights from neighboring properties could be transferred and utilized for the development, and the images today were produced by Siniaevart using the diagrams and models that have already been released, and showcase the 880-foot version of the plans.