Retail

Excavation Continues for Queens’ Tallest Building at 27-48 Jackson Avenue in Long Island City

At number 12 on our year-end countdown of the tallest buildings under construction in New York is 27-48 Jackson Avenue, a 69-story residential skyscraper in Long Island City‘s Court Square district and the future tallest building in Queens. Designed by Perkins Eastman and developed by Building Orchard LLC, the 811-foot-tall structure will yield 635,000 square feet with 818 units, as well as 11,700 square feet of retail space and a two-story parking garage. Triton Construction Company is the general contractor for the property, which is alternately addressed as 43-01 Queens Street and located along Jackson Avenue between Queens and Orchard Streets.

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One Madison Avenue’s Tower Expansion Tops Out in Flatiron District, Manhattan

Construction has topped out on One Madison Avenue, a 27-story commercial building in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the National Pension Service of Korea, and Hines, the project involves the gut renovation and expansion of a former eight-story structure and will yield 1.4 million square feet of office space as well as retail space and a slate of amenities. Banker Steel provided the steelwork,  NYC  Constructors is assembling the new expansion, and AECOM Tishman is the construction manager for the property, which occupies a full block at the southeast corner of Madison Square Park.

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Updated renderings of Nova at 41-05 29th Street - Fogarty Finger

Developers Secure $62M Loan for NOVA Condominium Tower at 41-05 29th Street in Long Island City, Queens

SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.

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Foundation Work Begins at 43-30 24th Street in Long Island City, Queens

Number 14 on our December countdown of the tallest buildings under construction in New York is 43-30 24th Street, a 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor commercial retail space. The developer purchased the 79,250-square-foot full-block parcel from Stawski Partners for $200 million in March and later secured a $364 million construction loan from Wells Fargo to complete the project. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.

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Construction Breaks Ground at 14 White Street in Tribeca, Manhattan

Excavation has begun at 14 White Street, the site of a seven-story residential building in the Tribeca East Historic District. Designed in collaboration between NAVA and DXA Studios and developed by 14 White Street Property Owner LLC, the 30,000-square-foot structure will yield ten condominium units ranging from 1,200-square-foot two-bedroom homes to four-bedroom layouts spanning 4,000 square feet. Central is the general contractor for the property, which is bound by White Street to the south and Sixth Avenue to the east.

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