Retail

131-141 East 47th Street Rises Above Street Level in Midtown East, Manhattan

Construction is now above street level on 131-141 East 47th Street, a 500-foot-tall residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Silverback Development, the 34-story structure will yield 200 apartments ranging from studios to two-bedroom units as well as 5,000 square feet of ground-floor retail space with frontage along West 47th Street. Silverback was brought onto the project by Hopson Development Holdings, which purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Structure Tech New York and Cauldwell Wingate are constructing the building.

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Rendering of Timbale Terrace, a new affordable housing property and future home of the Afro-Latin Music and Arts (ALMA) Center

HPD Reveals Plans for New Afro-Latin Music and Arts Center and Nearly 600 Affordable Homes in East Harlem

The New York City Department of Housing Development and Preservation (HPD) has revealed two large-scale mixed-use properties in East Harlem that will create a new Afro-Latin Music and Arts (ALMA) Center and 600 affordable housing units. The ALMA Center will be operated by the Afro Latin Jazz Alliance and the housing units will serve low-income families and the formerly homeless.

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The Symon Finishes Construction at 76 Schermerhorn Street in Brooklyn Heights

Construction is now complete on The Symon, a 13-story condominium building at 76 Schermerhorn Street in Brooklyn Heights. Designed by Colberg Architecture and developed by Lonicera Partners, Orange Management, and The Davis Companies, the property features 59 units with interiors by Studio DB, which also led the design of the façade. The project is located between Boerum Place and Court Street, along the border with Boerum Hill.

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685 Fifth Avenue. Rendering via Marin Architects

685 Fifth Avenue’s Ten-Story Addition Tops Out in Midtown, Manhattan

Construction has topped out on the ten-story addition atop 685 Fifth Avenue, a 100,000-square-foot office-to-condominium conversion in Midtown, Manhattan. Designed by Marin Architects and developed SHVO in partnership with Deutsche Finance, the $135 million project will yield 69 condominium units designed by March and White Design and managed by Mandarin Oriental Hotel Group, as well as retail space with Fifth Avenue frontage marketed by Brookfield Properties. Coach, Stuart Weitzman, and TAG Heuer currently operate their stores on the lower floors of the edifice while work progresses above.

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260 Bowery Completes Construction in Nolita, Manhattan

Construction is complete on 260 Bowery, an eight-story residential building in Nolita, Manhattan. Designed by Morris Adjmi Architects and developed by Nexus Building Development, Inc., the 85-foot-tall structure yields a collection of three- to four-bedroom full-floor residences with a duplex penthouse on the top levels with sales and marketing led by BLU Marketing and branding by Flying Machine. The property is located between Houston and Stanton Streets, directly across from the New Museum.

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