Permits have been filed for a two-story commercial building at 1968 2nd Avenue, in East Harlem, Manhattan. The site is three blocks away from the 103rd Street Subway Station, serviced by the 4 and 6 trains. Five blocks to the south is the 96th Street Subway Station, serviced by the Q trains. An anonymous LLC is listed as responsible for the development.
Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.
Earlier last week, YIMBY got the opportunity to see the mountainous Midtown neighborhood, the rising towers in Queens, and the Upper East Side from the penthouse of 252 East 57th Street. The full-floor apartment had two terraces on the Northwest and Southeast edges of the building, from which we were given an eye-to-eye look at several high-rises on the rise.
Renderings are out for an 11-story timber office building proposed for the Riverfront Square development in Newark, New Jersey. The site is located next to New Jersey Transit’s Broad Street station, which is less than a twenty-minute commute to Midtown Manhattan. The project is part of a larger 11.8-acre mixed-use development, as well as Riverfront Park, designed by James Corner Field Operations. Lotus Equity Group will be responsible for the development.
Construction is moving along at One Vanderbilt in Midtown, with work on the lower floors now rising past the cantilever. Thanks to images by Tectonic, we can see the tower has reached its maximum width. It is now nearly the same height as Grand Central Terminal, which peaks at 130 feet. Several companies have recently signed on for space, with Greenberg Traurig announcing plans to move their center of New York Operations into the supertall, acquiring a fifteen-year lease for four continuous floors.