Since launching sales in 2017, Extell’s latest property in New Jersey, The Lofts Pier Village, has now passed several milestones, with more than 100 residences now either sold or in-contract. Construction is also making major headway. Located in the Jersey Shore’s Long Branch community, Pier Village is being developed in collaboration with Kushner Companies, and the entire development is slated for completion in 2020.
Permits have been filed for a 19-story mixed-use high rise at 133-25 37th Avenue in Flushing, Queens. The site is six blocks away from the Flushing Main Street subway station, end of the line for the 7 trains, and a large commercial center in its own right. China-based Yihai Property will be responsible for the development.
Located at 292 Fifth Avenue, between West 30th Street and West 31st Street on the edge of NoMad and Koreatown, a new hotel is now rising quickly above ground level. Its architect is Gene Kaufman, designer of the world’s tallest Holiday Inn down at 99 Washington Street in the Financial District, and renderings have also now been posted on-site.
A weave of scaffolding and black netting has now shrouded the exterior facade of a former office building at 250 Fifth Avenue, which will soon be reborn as a hotel. The site is in NoMad, between West 28th Street and West 29th Street. With the facade designated as a landmark within the Madison Square North Historic District, the original five-story McKim, Mead and White structure, completed in 1907, will be part of the conversion that also calls for a new 23-story tower to the west of the original 111 year-old structure.
The newest Bjarke Ingels Group-designed project has now partially topped out. The taller 36-story component of the XI, at 76 Eleventh Avenue in Chelsea, has reached this milestone when just seven months ago, it was merely two stories high. With only a few months in between YIMBY’s visits, the enormous scale of the new building is quite shocking, as it rose incredibly quickly. The theatric nature of the twisting concrete sculpture certainly catches the attention of visitors from the High Line park, where many tourists are already snapping photographs. HFZ Capital Group is responsible for the development.