Commercial

Demolition Underway at 405 Park Avenue in Midtown East, Manhattan

7:30 am on July 17, 2022 By Michael Young

Demolition work is ramping up at 405 Park Avenue, the site of a potential skyscraper in Midtown East, Manhattan. Original plans from several years ago called for a renovation that would have added several floors to the existing 17-story structure, but full demolition permits were filed in January 2021. MRP Realty is the owner and Titan Industrial SVC Corp. is serving as the demolition contractor for the property, which is located at the corner of Park Avenue and East 54th Street.

Excavation Underway for 360 Bowery Office Tower in NoHo, Manhattan

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

Excavation and foundation work are in full swing at 360 Bowery, the site of a 22-story commercial building in Noho, Manhattan. Designed by Morris Adjmi Architects and developed by AECOM-Canyon Partners under the ACEF-CBSKI 360 Bowery LLC, the 275-foot-tall structure will yield 112,617 square feet with 72,151 square feet of office space, 26,637 square feet of community facility space, and a cellar. SK Development of CBSK Ironstate are the owners and CM & Associates is the general contractor for the property, which is located at the corner of Bowery and East 4th Street.

Developer Secures $378M to Complete 90Ninety at 166-20 90th Avenue in Jamaica, Queens

7:30 am on July 16, 2022 By Sebastian Morris

BRP Companies has secured a $378 million financial package to complete 90Ninety, a new mixed-use community in Jamaica, Queens. Located at 166-20 90th Avenue, the property sits across the street from the Jamaica Bus Terminal and will eventually deliver 614 mixed-income rental units, 25,000 square feet of ground-floor retail, and a 5,000-square-foot community space.

Rendering of 50 Sussex Avenue - INOA Architecture

Renderings Reveal 15-Story Mixed-Use Rental Tower at 50 Sussex Avenue in Newark, New Jersey

7:30 am on July 15, 2022 By Sebastian Morris

Renderings have been revealed for 50 Sussex Avenue, a 15-story building in Newark, New Jersey. Designed by 50 Sussex Avenue and developed by Tona Development, which won approvals to construct the project in 2021, the 150-foot-tall structure will yield 203 rental units and 2,000 square feet of commercial space. Available apartments will range from studio units up to two-bedroom floor plans.

Leasing Launches for 30 Kent Street in Greenpoint, Brooklyn

7:00 am on July 15, 2022 By Vanessa Londono

Leasing launched this week for 30 Kent Street, a new waterfront mixed-use development in Greenpoint, Brooklyn. Developed by BNS Real Estate and Wonder Works Construction with design by Kutnicki Bernstein Architects, the 11-story building yields 80 residences and two ground-floor retail spaces. Development Marketing Team is handling marketing for the mix of studio, one-, and two-bedroom floorplans ranging from 400 to 1,100 square feet. Pricing starts at $3,200 per month, move-ins have already begun.

425 Grand Concourse Completes Construction in Mott Haven, The Bronx

8:00 am on July 14, 2022 By Michael Young

Construction is complete on 425 Grand Concourse, a 26-story mixed-use building in Mott Haven, The Bronx and one of the largest Passive House structures in the city. Designed by Dattner Architects and developed by Trinity Financial and MBD Community Housing Corporation, the 310,000-square-foot project yields 277 residential units, with 248 units for residents earning 30 to 130 percent of the area median income, as well as a supermarket, a community health center, a cultural center, and a 30,000-square-foot educational facility for CUNY’s Hostos Community College. Monadnock Construction served as the general contractor for the development, which is located between Grand Concourse to the east, East 144th Street to the south, Walton Avenue to the west, and Evelina Antonetty Playground and Hostos Community College to the immediate north.

Excavation, Foundations Underway at 1 Park Row in Financial District, Manhattan

8:00 am on July 13, 2022 By Michael Young

Demolition is complete and below-grade work has commenced at 1 Park Row, site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Los Angeles-based Parkview Financial last summer, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. Ancora Engineering is in charge of the support of excavation (S.O.E.) and foundations.

Evening rendering of 282-286 Grand Street - Prosper Property Group

282-286 Grand Street Tops Out on Manhattan’s Lower East Side

7:30 am on July 13, 2022 By Sebastian Morris

Construction has topped out on 282-286 Grand Street, a seven-story residential building on Manhattan’s Lower East Side. Developed by Prosper Property Group, the 23,500-square-foot structure will yield 25 rental apartments spread across roughly 22,500 square feet, along with residential amenity space and a small commercial space on the ground floor.

Affordable Housing Lottery Launches for 224 Units at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn

7:00 am on July 13, 2022 By Vanessa Londono

The affordable housing lottery has launched for Eagle+West, a two-tower residential development at 227 West Street and 27 Eagle Street in Greenpoint, Brooklyn. Developed by Brookfield Property Partners and Park Tower Group and designed by OMA and Beyer Blinder Belle, the 30- and 40-story superstructures yield a total of 745 rental units. Available on NYC Housing Connect are 224 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $51,840 to $206,875.

Excavation Continues for Kohn Pedersen Fox’s 520 Fifth Avenue Supertall in Midtown, Manhattan

8:00 am on July 12, 2022 By Michael Young

Excavation continues at 520 Fifth Avenue, the site of a 76-story mixed-use supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the slender 995-foot-tall skyscraper will yield 507,608 square feet with 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the property, which is located at the corner of Fifth Avenue and West 43rd Street.

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