The core has reached street level on 141 Willoughby Street, a 24-story mixed-use building in Downtown Brooklyn. The 400,000-square-foot structure is designed by Fogarty Finger with SLCE as the executive architect and developed by Savanna Real Estate, which just secured $264 million in construction financing for the project. The property will yield office and retail space and is located on a trapezoidal plot bound by Willoughby Street to the south, Gold Street to the west, and Flatbush Avenue Extension to the east.
This Monday, the City Planning Commission certified a major initiative to rezone Manhattan’s Soho and Noho Historic Districts. The goal of the initiative is to expand allowable residential density for multifamily buildings, spur the construction of income-restricted and permanently affordable housing, and increase available community facilities.
Excavation is progressing at 65 Franklin Street, the site of a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture, the 210-foot-tall structure will yield 41 homes and ground-floor retail space. The project is being developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners in the spring of 2019. The site is located at the corner of Broadway and Franklin Streets, and was formerly occupied by several low-rise structures. Noble Construction Group is the general contractor for the property.
Construction is rising on 192 Montague Street, a 20-story residential building in the Borough Hall Skyscraper Historic District of Brooklyn Heights. The 140,700-square-foot structure is designed by Beyer Blinder Belle with James M. Patterson of Ancora Engineering listed as the applicant of record, and developed by Midtown Equities, which purchased the 10,000-square-foot site for $25 million from HSBC Bank.
Construction is wrapping up on The Central at 5th, a 367-foot-tall Hilton Grand Vacation Hotel at 12 East 48th Street in Midtown East. Designed by Handel Architects and developed by Hidrock Realty, the 31-story structure will yield 161 rooms across 125,000 square feet. DeSimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the building, which is located between Madison Avenue to the east and Fifth Avenue to the west.