Herald Square may soon be home to a new 900-foot-tall skyscraper perched atop Macy’s historic Herald Square flagship store. In addition to the high-rise tower, the retailer this week announced that the proposed scope of work includes a $235 million investment in the surrounding neighborhood.
The redesigned One Grove mixed-use proposal for 221 Grove Street in Jersey City is waiting for final approval. The site previously housed a Jersey City Boys and Girls Club in Downtown Jersey City and if approved, it could soon yield almost 200 residential units, ground-floor retail, and a garage. Strategic Capital is developing the 13-story building under One Grove Property LLC and Marchetto Higgins Stieve and Archilier Architecture are responsible for the design.
The affordable housing lottery has launched for 249 North 5th Street, a seven-story mixed-use building in Williamsburg, Brooklyn. The 42,000-square-foot development is also addressed as 70 Havemeyer Street and yields 48 units. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $73,920 to $167,570.
The final pieces of the glass curtain wall and gray paneling are being installed on 425 Park Avenue, a 897-foot-tall commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story building will yield around 667,000 square feet largely dedicated to offices, as well as a ground-floor restaurant run by Chef Daniel Humm, proprietor of the Three Michelin-starred Eleven Madison Park. The property is bound by Park Avenue to the west, East 55th Street to the south, and East 56th Street to the north, and is expected to achieve LEED-Gold certification and debut as the city’s first WELL-certified building.
Construction is complete on 21-59 44th Drive, a six-story mixed-use building in Long Island City, Queens. Designed by Z Architecture, the rectilinear reinforced concrete structure yields 20 residential units, 2,600 square feet of ground-floor retail space, and 361 square feet of community facilities on a plot of land bound by 44th Drive to the south and 23rd Street to the east.
