Jersey City Mayor Steven Fulop this week announced that all litigation between the city, Kushner Companies, and the Jersey City Redevelopment Agency has concluded. The agreement settles lawsuits brought by Kushner Companies beginning in 2018 regarding construction delays at 1 Journal Square, a forthcoming residential development in Jersey City.
Exterior work is getting closer to completion on the Virgin Hotel, a 476-foot-tall tower at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 38-story project will yield a total of 300,000 square feet with 460 hotel rooms. Sir Richard Branson of Virgin Group will be in charge of managing the property, which will be the first Virgin Hotel in New York City.
Work is progressing on the warm-colored masonry walls and windows of the 230-foot-tall, 24-story expansion at 250 Fifth Avenue in NoMad. Designed by Perkins Eastman, PBDW Architects, and Martin Brudnizki Design Studio and developed by Flaneur Hospitality, the project also includes the renovation of the adjacent 115-year-old bank building designed by McKim, Mead & White. The property will eventually debut as The Fifth Avenue Hotel.
A massive mixed-use housing development may be coming to the St. George neighborhood in Staten Island. The project, which comprises residential and commercial use, affordable housing, open space, and accessory parking, will have two sites: 170-208 Richmond Terrace and 8-26 Stuyvesant Place. Developer Madison Realty Capital under the Richmond SI Owner LLC is seeking approval for zoning map amendments, zoning text amendments, and special permits in order to begin work on the four-building, 911,752-square-foot complex near the St. George waterfront and the Staten Island Ferry Terminal. The site includes 224 Richmond Terrace, a 60,000-square-foot, 40-unit condominium property that Madison Realty Capital acquired in 2012.
Construction is nearing topping out at 7-9 East 30th Street, a 227-foot-tall residential building from SWA Architecture in NoMad. Developed by Castellan Real Estate Partners, the 23-story reinforced concrete structure will yield 41,992 square feet with 54 residences and 2,142 square feet of ground-level retail.