Commercial

Excavation Underway for Riverwalk 9 at 430 Main Street on Roosevelt Island

8:00 am on January 31, 2023 By Michael Young

Excavation is progressing for Riverwalk 9, a 28-story residential building at 430 Main Street on Roosevelt Island. Designed by Handel Architects and developed by Related Companies and The Hudson Companies, the 305-foot tall, 292,865-square foot structure will yield 253 market-rate rental apartments in studio to three-bedroom layouts, with 104 units reserved for employees of Memorial Sloan Kettering Cancer Center (MSK), as well as 3,700 square feet of ground-floor office space for the Roosevelt Island Operating Corporation. Monadnock Construction is the general contractor for the project, the final component of the Riverwalk master plan, located along Main Street just east of the Riverwalk Commons green lawn.

Arial rendering of Arvene East - Bernheimer Architecture; Local Office Landscape & Urban Design

Developers Secure $44.7M to Complete Infrastructure Improvement Project in Arverne, Queens

7:00 am on January 31, 2023 By Sebastian Morris

L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.

A completed building at The Fountains - Courtesy of Jasmine Blake, Berlin Rosen

The Fountains Affordable Housing Development Achieves Full Occupancy in East New York, Brooklyn

7:00 am on January 30, 2023 By Sebastian Morris

The Fountains, a 1,163-units affordable housing complex in East New York, Brooklyn is now 100 percent leased. Developed by The Arker Companies, the complex spans 35 acres and includes six buildings located at 11629 Seaview Avenue, 911 Erskine Street, 10 Schroeder’s Walk, 702 Vandalia Avenue, 881 Erskine Street, and 894 Fountain Avenue.

450 Eleventh Avenue’s Façade Progresses Slowly in Hudson Yards, Manhattan

8:00 am on January 29, 2023 By Michael Young

Curtain wall installation is slowly progressing on 450 Eleventh Avenue, a 51-story hotel skyscraper in Hudson Yards. Designed by DSM Design Group and developed by Marx Development Group, the 642-foot-tall structure will yield 379 guest rooms, a business center, a ballroom, and a fourth-floor restaurant with a bar and an outdoor terrace. Atria Builders is the general contractor for the Midtown, Manhattan property, which is located at the corner of West 37th Street and Eleventh Avenue, directly across from the Jacob K. Javits Center.

Rendering of Sherman Plaza at 4650 Broadway - Courtesy of View, Inc.

Renderings Reveal Updated Design for Sherman Plaza at 4650 Broadway in Inwood, Manhattan

7:00 am on January 29, 2023 By Sebastian Morris

New renderings from smart-building technology development company View, Inc. are the first to reveal an updated design for Sherman Plaza, a mixed-use tower at 4560 Broadway in Inwood, Manhattan. Designed by Handel Architects for developer Arden Group, the 20-story building will comprise 222 rental apartments set atop a four-story podium with retail space and a community facility.

201-207 7th Avenue - Amie Gross Architects

Demolition Continues at 201-207 Seventh Avenue in Chelsea, Manhattan

8:00 am on January 28, 2023 By Michael Young

Demolition is progressing at 201-207 Seventh Avenue, the site of a nine-story residential building in Chelsea, Manhattan. Designed by Amie Gross Architects and developed by New York City’s Department of Housing Preservation and Development, the 85-foot-tall structure will span 30,859 square feet and yield 26 affordable co-op units in studio to three-bedroom layouts, as well as 1,828 square feet of retail space divided among three tenants. Star Companies is the general contractor for the property, which is alternately addressed as 170 West 22nd Street and located at the southeast corner of Seventh Avenue and West 22nd Street.

Permits Filed for 2741 Creston Avenue in Jerome Park, The Bronx

7:00 am on January 28, 2023 By Vanessa Londono

Permits have been filed for a nine-story mixed-use building at 2741 Creston Avenue in Jerome Park, The Bronx. Located between East 196th Street and East 198th Street, the lot is near the Kingsbridge Road subway station, serviced by the 4 train. Boris Babakhanov of Bolex GC Corp. is listed as the owner behind the applications.

509 Third Avenue’s Façade Progresses Over Murray Hill, Manhattan

8:00 am on January 27, 2023 By Michael Young

Exterior work is progressing on 509 Third Avenue, a 35-story residential tower in Murray Hill. Designed by Ismael Leyva Architects and developed by Kahen Properties with Lalezarian Properties under the Third and Thirty Four LLC, the 386-foot-tall structure will span 166,917 square feet and yield 229 units with an average scope of 692 square feet, as well as 8,253 square feet of retail space and a 30-foot-long yard. Charlton Development Group is the general contractor for the project, which is located at the corner of Third Avenue and East 34th Street.

278 Eighth Avenue Tops Out in Chelsea, Manhattan

8:00 am on January 25, 2023 By Michael Young

Construction has topped out on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.

Rendering of the rooftop pool and sundeck at The Suffolk - Courtesy of The Gotham Organization

Amenities Revealed for The Suffolk at 55 Suffolk Street on Manhattan’s Lower East Side

7:30 am on January 25, 2023 By Sebastian Morris

The Gotham Organization has revealed new renderings of the amenity spaces at The Suffolk, a 378-unit residential tower at 55 Suffolk Street on Manhattan’s Lower East Side. Designed by Dattner Architects and JG Neukomm Architecture, the 30-story tower comprises 330,000 square feet and is a major component of the developer’s Broome Street Development.

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