Commercial

The Nova Rises Toward Halfway Mark at 41-05 29th Street in Long Island City, Queens

7:30 am on August 1, 2021 By Michael Young

Construction is rising rapidly on The Nova, a 24-story residential project at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger and developed by SB Development Group, the 290-foot-tall structure will yield 86 homes and ground-floor retail space on a triangular plot at the confluence of 29th Street and 41st Avenue. The developers recently secured a construction loan from SCALE Lending worth $55 million to complete the project.

Rendering of proposed building at 1 Wythe Avenue

Developer Seeks Rezoning for Mixed-Use Building at 1 Wythe Avenue in Greenpoint, Brooklyn

7:00 am on August 1, 2021 By Sebastian Morris

Proposals to construct a new eight-story mixed-use building in Greenpoint, Brooklyn are now under review by the Department of City Planning. The property is located on a wedge-shaped corner plot at 1 Wythe Avenue and will require rezoning before construction can begin.

Rendering of a 'Building A' at Wakefield Village (Newman Architects)

Proposals Reveal 4.65-Acre Affordable Housing Development in Wakefield, The Bronx

7:30 am on July 31, 2021 By Sebastian Morris

The Department of City Planning is reviewing proposals to construct a 4.65-acre mixed-use affordable housing development near the Metro-North Station in Wakefield, The Bronx. If approved, the six-building complex would create approximately 1,200 income-restricted apartments, 28,000 square feet of retail space, 87,000 square feet of community facilities, 130,000 square feet of publicly accessible open space, and 600 parking spaces.

35 West 57th Street in Midtown, Manhattan via Google Maps

Demo Permits Filed for 35 West 57th Street in Midtown, Manhattan

6:30 am on July 31, 2021 By Vanessa Londono

Full demolition permits have been filed for 35 West 57th Street in Midtown, Manhattan. Located between Fifth and Sixth Avenues along Billionaires’ Row, the 2,510-square-foot site is occupied by a five-story mixed-use building. Built in 1891, the mansion with Beaux Arts details was a wedding gift to the granddaughter of William Vanderbilt. The 65-foot-tall structure is currently owned by Solow Realty and Development.

View of Edwin's Place (7 Livonia Avenue) - Courtesy of Francis Dzikowski

Developers Celebrate Grand Opening of 7 Livonia Avenue, Affordable Housing Property in Brownsville, Brooklyn

7:30 am on July 30, 2021 By Sebastian Morris

Breaking Ground and the African American Planning Commission Inc. recently celebrated the opening of their co-developed residential property at 7 Livonia Avenue in Brownsville, Brooklyn. Known as Edwin’s Place, the property comprises 125 units of affordable and supportive housing in addition to new community space and ground-floor retail.

605-foot Office Tower by SOM Revealed for 415 Madison Avenue in Midtown East, Manhattan

8:00 am on July 28, 2021 By Vanessa Londono

An Environmental Assessment Statement reveals plans for a 40-story tower designed by Skidmore Owings & Merrill at 415 Madison Avenue in Midtown East, Manhattan. The applicant 415 Madison Avenue LLC is seeking special permits as part of the ULURP process to construct a 605-foot-tall commercial building on the northeast corner of Madison Avenue and East 48th Street. Rudin Management currently owns the site, which houses a 24-story structure yielding 270,000 square feet of boutique office space. It opened in 1955 and has floor plates ranging from 5,000 to 15,000 square feet.

Rendering of 5203 and 5241 Center Boulevard in Hunter's Point South, Queens - Courtesy of TF Cornerstone

52-03 and 52-41 Center Boulevard Nearing Completion in Hunters Point South, Queens

7:30 am on July 28, 2021 By Michael Young

Exterior work is getting close to completion on 52-03 Center Boulevard, a 587-foot-tall skyscraper in Hunters Point, Queens, and its shorter 475-foot-tall sibling at 52-41 Center Boulevard. Designed by ODA Architecture with SLCE Architects as the architect of record, the 46- and 56-story towers are part of TF Cornerstone‘s Hunters Point South development, which is set to yield a grand total of 1,194 residential units. Of these, 719 will be designated for affordable housing. 52-03 and 52-41 Center Boulevard are situated along the waterfront esplanade of the East River and are bound by Center Boulevard to the west, Borden Avenue to the north, 2nd Street to the east, and 54th Avenue to the south.

Rendering of 2856 Webster Avenue - Douglaston Development

12,000-Square-Foot Supermarket Revealed for New Affordable Housing Complex in Bedford Park, The Bronx

7:00 am on July 28, 2021 By Sebastian Morris

The next phase of development at 2856 Webster Avenue, a new affordable housing complex in Bedford Park, The Bronx will introduce a sprawling new grocery store operated by Cherry Valley Marketplace. The retailer has committed to operate under guidelines established New York City’s Food Retail Expansion to Support Heath (FRESH) program, which promotes the establishment and retention of grocery stores that dedicate required selling space to perishable food items within underserved communities.

Aerial render of Queens Plaza Park looking west towards Manhattan, from The Durst Organization

Sven Wraps Up Construction at 29-37 41st Avenue in Long Island City, Queens

8:00 am on July 27, 2021 By Michael Young

It looks like construction is coming to a close on Sven, a 762-foot-tall skyscraper at 29-37 41st Avenue and the second-tallest building in Long Island City, Queens. Also known as Queens Plaza Park, the 67-story tower is designed by Handel Architects for The Durst Organization and will yield 958 rental units with interiors designed by Selldorf Architects, including 300 units set aside as affordable housing. Hunter Roberts is the general contractor and Jaros, Baum & Bolles Engineering administered the mechanical systems for the project, which is bound by Northern Boulevard to the east, Queens Plaza North and Dutch Kills Green to the south, and 41st Avenue to the west.

Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

$1.25B Financing Package Secured to Complete Terminal Warehouse Redevelopment in Chelsea, Manhattan

7:00 am on July 27, 2021 By Sebastian Morris

L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.

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