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.
Permits have been filed for a four-story residential building at 3471 Fulton Street in Cypress Hills, Brooklyn. The site is six blocks away from the Crescent Street subway station, serviced by the J trains. Tony Chen of Fulton Tower Associates will be responsible for the development.
The Art Deco trend sweeping Manhattan is now arriving in Borough Park. Permits have been filed for an 18-story mixed-use building at 4218 Fort Hamilton Parkway in Brooklyn. The site is two blocks away from the Fort Hamilton Parkway station, serviced by the D trains. Snap Developers NY will be responsible for the project, which YIMBY can now exclusively reveal.
Downtown’s residential boom continues apace with the construction of 125 Greenwich Street, which has reached two-thirds of the way to its 912-foot-tall pinnacle on a corner overlooking the World Trade Center memorial. The tower will rise above most of its neighbors in the Financial District, but since it is right across from 1 World Trade Center, it will not make a sizable impact on the skyline. Architect Rafael Viñoly is also responsible for the Midtown supertall 432 Park Avenue.
The DoubleTree Suites by Hilton has long been located at the intersection of 7th Avenue and West 47th Street. But in a few more years, the soon-to-be former hotel will house Times Square’s newest project, a nearly $2.5 billion redevelopment by L&L Holding Company, Maefield Development, and Fortress Investment Group. With the site purchased for $450 million, they plan to demolish the existing hotel and create a new 550,000 square foot and 46-story skyscraper, dubbed TSX Broadway. Plans also integrate the 105-year old Palace Theater. Approved by the Landmark Preservation Commission in November 2015, the historic structure will be lifted from its foundations and placed 30 feet above street level.
