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1568 Broadway, Rendering courtesy of ARX Solutions

1568 Broadway Begins Billboard Removal Ahead of Structural Demolition, in Times Square

8:00 am on May 11, 2019 By Michael Young

Black shrouds and scaffolding have gone up over 1568 Broadway’s lower floors as crews begin the process of removing its Times Square-facing billboards and marquees. Meanwhile, workers are beginning to gut the interiors of the 470-foot-tall tower ahead of its imminent demolition. Built in 1990, the current DoubleTree hotel will eventually make way for a new 46-story DoubleTree Suites by Hilton. The proposed 550,000-square-foot development, which will be called TSX Broadway, will preserve of the 106-year-old Palace Theatre by raising it three stories up from the ground floor, making way for retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group. The site was previously purchased for $450 million.

KRE Group Lands $45 Million Financing for Harbor Station North in Bayonne, New Jersey

7:30 am on May 11, 2019 By Sebastian Morris

Developer Kushner Real Estate Group has successfully secured $45 million in construction financing for a new residential community in Bayonne, New Jersey. The project, which broke ground in 2018, is known as Harbor Station North and will comprise three distinct buildings. Components within include 200 rental apartments, 10,000 square feet of retail, and associated parking.

Rendering Revealed for Robert A.M. Stern-Designed 1230 Madison Avenue, in Carnegie Hill

8:00 am on May 10, 2019 By Michael Young

A new rendering has been revealed for 1230 Madison Avenue, an upcoming 20-story building on the Upper East Side. Located on Carnegie Hill by the the southwestern corner of Madison Avenue and East 89th Street, the site is on the same block as the Solomon R. Guggenheim Museum and just six blocks away from the Metropolitan Museum of Art. The architectural language and style easily identifies it as the work of Robert A.M. Stern Architects.

Rendering of the Peninsula Hospital Redevelopment - Aufgang Architects

City Agencies to Review Proposals for the Peninsula Hospital Redevelopment Site in Edgemere, Queens

7:30 am on May 8, 2019 By Sebastian Morris

City agencies will soon review amended proposals to redevelop the former Peninsula Hospital site in Edgemere, Queens into an 11-building mixed-use complex. The development’s final scope of work arrives a year after residents and community members were invited to provide commentary and feedback on initial plans.

Permits Filed for 27-Story Tower at 27-01 Jackson Avenue in Hunters Point, Queens

7:00 am on May 8, 2019 By Vanessa Londono

Permits have been filed for a 27-story mixed-use building at 27-01 Jackson Avenue in Hunters Point, Queens. Located between Dutch Kills Street and Queens Street, the corner lot is two blocks west of the Queens Plaza subway station, serviced by the E, M, and R trains. Also within walking distance is the Queensboro Plaza, serviced by the 7, N, and W trains. Fetner Properties under American Lion, LLC is listed as the owner behind the applications.

Brooklyn’s 475 Clermont Cleared for Occupancy, in Fort Greene

7:30 am on May 7, 2019 By Michael Young

Developer RXR Realty and construction partner BCG recently celebrated their first temporary certificate of occupancy (TCO) at 475 Clermont, a 12-story development in Fort Greene, Brooklyn. The 363-unit, 400,000-square-foot structure contains a mix of residential homes and retail space. The TCO comes one month ahead of schedule and will allow occupancy to occur two months earlier than originally planned. Aufgang Architects is behind the design for the mixed-use rental building, which will contain 73 units for affordable housing and below-market rates.

Leasing Begins This Week at The Enclave, aka 675 Monmouth Street, in Jersey City

7:30 am on May 5, 2019 By Michael Young

Leasing is beginning this week for The Enclave, aka 675 Monmouth Street, an upcoming six-story rental property on the border of Jersey City and Hoboken. BNE Real Estate Group, Hoboken Brownstone Company, and McKinney Properties are the three developers while The Marketing Directors is in charge of leasing and marketing for the property’s 260 residences.

YIMBY Tours the Residential Conversion of One Wall Street, in Financial District

8:00 am on April 30, 2019 By Michael Young

YIMBY went on a hard hat tour of One Wall Street, a historic, 51-story Art Deco tower designed by Ralph Walker and completed in 1931. Formerly the headquarters of the Bank of New York and Irving Trust Company, the Financial District icon is currently undergoing a $1.5 billion residential conversion and expansion. A five-story addition is underway and being constructed above the adjoining mid-century annex. SLCE Architects is serving the architect of record while Harry Macklowe of Macklowe Properties is the developer. CORE is handling sales and marketing of the planned 566 housing units.

Funding Secured for Brooklyn’s First Supertall, at 9 DeKalb Avenue

8:00 am on April 29, 2019 By Michael Young

Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.

111 Varick Street Rises Past First Setback, in Hudson Square

8:00 am on April 28, 2019 By Michael Young

Work on 111 Varick Street’s reinforced concrete structure is making swift progress in Hudson Square, recently surpassing the first of several setbacks. Located at the northern corner of Varick Street and Broome Street, the future 27-story residential tower received a design update late last year, which can be seen in the featured image above. The rental project is being designed by S9 Architecture and developed by Madigan Development. It will contain 100 affordable and market-rate units, as well as ground-floor retail space. CM & Associates is in charge of construction.

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