Permits have been filed for an 11-story mixed-use building at 165 Lexington Avenue in Kips Bay, Manhattan. The site is four blocks away from the 33rd Street subway station, serviced by the 6 trains. Lexington Partners, a private equities firm with $38 billion in total assets, will be responsible for the development.
One Wall Street is in the midst of a huge $1.5 billion makeover as the 51-story Art Deco gem is converted from office use into 566 residential units, topped with a triplex that may fetch $40 million. At street level, significant activity can be seen, as parts of the facade have been removed to make way for the retail section in the building that will bring a Whole Foods to the Financial District.
Progress at 77 Greenwich Street has hit another milestone, with the tower crane now rising on-site. Located in Lower Manhattan between Trinity Place, Greenwich Street, Rector Street, and Edgar Street, the FX Collaborative-designed tower is set to rise 500 feet to its rooftop, and also has an address of 42 Trinity Place. Inside, 90 condominiums will be situated atop a podium containing a grade school and retail space. The 40-story project is being developed by Trinity Place Holdings.
Back in January of 2017, construction at 685 First Avenue had just reached the fifth floor. In just under two years, the tower and façade have topped out, sales have launched, and completion is expected by the end of the year. Sheldon Solow’s Solow Building Company is developing the 42-story minimalist Murray Hill skyscraper.
Right next to the pedestrian walkway entrance for the Williamsburg Bridge, Essex Crossing is already reinventing Manhattan’s Lower East Side. The nine-building development will cost over one billion dollars and create nearly two million square feet across a six-acre area, and the aerial scope of construction is now expanding well beyond the initial first new two structures.