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45-01 23rd Street

Developer Assembling Site For Mixed-Use Tower At 45-01 23rd Street, Long Island City

SoHo-based Tavros Capital is currently in the process of assembling a site with significant development potential on the corner of 23rd Street and 45th Avenue, in the Court Square section of Long Island City. Over the summer, the development firm purchased the townhouses at 45-03 23rd Street and 45-07 – 45-09 23rd Street for $11.25 million, and has since entered into contract on two additional properties, while waiting for two more. Plans include a mixed-use building with retail, office, and residential components, The Real Deal reported. The site can accommodate up to 167,000 square feet of mixed-use development as-of-right, though an additional 83,000 square feet of air rights could be acquired. Tavros expects the assemblage to cost between $30 and $35 million once complete.


Rendering of 66 Hudson Boulevard. Credit: BIG/Tishman Speyer.

Tishman Speyer Moves Forward with 64-Story Hudson Yards Office Tower at 66 Hudson Boulevard

Last year, Tishman Speyer paid two tenants $25 million to vacate a small apartment on its development site in Hudson Yards. The hefty settlement cleared the way for the commercial real estate developer to build a massive office tower at 509 West 34th Street, between 10th and 11th avenues. Now the firm has filed plans for the 64-story building, which has been named “The Spiral” and comes with a second address at 66 Hudson Boulevard.

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Pennsylvania Station-Farley Complex

Renderings Revealed Of Pennsylvania Station-Farley Complex Transportation Project

Earlier this year, Gov. Andrew Cuomo released a request for proposals (RFP) to upgrade, modernize, and expand Pennsylvania Station, located at Eighth Avenue and West 33rd Street under Madison Square Garden. The project will also incorporate the landmarked James A. Farley Post Office Building into the transportation complex. Now, renderings of the project have been revealed, per The New York Times, along with a timeline.

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76 11th Avenue

Piling Work Underway For Two-Towered, 310-Unit Mixed-Use Project At 76 Eleventh Avenue, Chelsea

Piling work is now underway on the two-towered, 310-unit mixed-use complex under development at 76 Eleventh Avenue, located between West 17th and 18th streets in southern Chelsea. The site can be seen thanks to a photo posted to the YIMBY Forums. The project will consists of 25- and 35-story towers, rising 302 and 402 feet above street level, respectively. A common four-story base will feature 181,893 square feet of commercial space. It will include retail and office space, in addition to the residential amenities. The residential units, located in the towers, will be condominiums, averaging 2,258 square feet apiece. HFZ Capital Group is the developer. Bjarke Ingels Group is the design architect and Woods Bagot is the executive architect. Completion is expected in 2019.


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