Rendering courtesy of MdeAS Architects

The 35-story landmarked McGraw-Hill Building in Hell’s Kitchen will soon be home to 224 luxury rentals. As first reported by the New York Post, the project includes the redesign of the building’s office space, the construction of a second lobby and entrance, and the restoration of the McGraw-Hill name above the residential entrance. Floors 12 through 34 of the Art Deco skyscraper will be converted to residential use, which will cost an estimated $100 million. Work will begin this summer.

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All renderings courtesy of PS&S Architects

An innovative plan to redevelop a public housing project in downtown Jersey City into a massive new community with over 600 units of housing is moving forward. The Jersey City Housing Authority (JCHA) voted to select WinnDevelopment to oversee the revitalization of the 80-year-old Holland Gardens complex, which involves razing all five existing buildings and constructing four new high-rise towers that will be home to senior housing, for-sale condos, public housing units, market-rate rentals, and community space. The $500 million project will be about 50 percent affordable, Mayor Steven Fulop announced last week.

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Photo by Goh Rhy Yan on Unsplash

Believe it or not, new apartments in Manhattan are getting bigger. Despite being notorious for its small, compact apartments, Manhattan rentals actually gained an average of 19 square feet since 2013, an increase of 3 percent, according to new data released this week by RentCafe. The borough is an outlier when looking at the rest of the country, where newly constructed units continue to shrink in size, and even compared to other parts of New York City. The average space of new rentals in Brooklyn and Queens decreased by seven percent over the last decade, costing renters roughly 45 square feet.

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Renderings courtesy of Adjaye Associates

Plans to transform Brooklyn’s Restoration Plaza into a global cultural and economic hub were unveiled this week. Non-profit Bedford Stuyvesant Restoration Corporation on Thursday released renderings and new details of its plan to reimagine its headquarters with an 840,000-square-foot mixed-use campus designed by renowned architect Sir David Adjaye. The plan expands and modernizes existing space, adds office and retail space, and creates new public open space in the heart of Bed-Stuy. According to the developer team, the Innovation Campus is a direct response to the country’s racial wealth gap, particularly the economic barriers Black New Yorkers face in Brooklyn.

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Image courtesy of Evan Joseph

New images of a fully-furnished penthouse atop Pritzker-Prize-winning architect Jean Nouvel’s tower 53 West 53 were released this week, showing off the one-of-a-kind duplex apartment’s soaring ceiling heights, expansive living spaces, and breathtaking views of Central Park and the city skyline. The four-bedroom, three-and-a-half bathroom penthouse was designed by Fox-Nahem Associates in collaboration with Elle Decor and spans nearly 8,000 square feet across the 76th and 77th floors of the Midtown Manhattan skyscraper. Although this penthouse is not currently on the market, the identical unit above it, Penthouse 78, is available for $64,730,000.

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Streetview of 277 Canal Street; © 2023 Google

A New York City developer on Monday unveiled plans for the first development in Soho under new zoning rules approved by the city in 2021. United American Land (UAL) announced a proposal for a 13-story mixed-use building with 100 units of housing at 277 Canal Street, a landmarked three-story building on the corner of Broadway. The Landmarks Preservation Commission is expected to begin its review process of the project this summer, as Commercial Observer first reported.

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All renderings courtesy of Conway and Partners, unless otherwise noted

A big new residential development on the Lower East Side is going small. When it opens this spring, the 30-story 55 Suffolk Street will offer three floors of “micro-units,” apartments that measure between 315 and 350 square feet and feature space-saving built-in furniture and storage. Developed by the Gotham Organization, the building, dubbed The Suffolk, includes 378 total residences, indoor and outdoor amenities, and a new home for the Chinese-American Planning Council. This week, the building released a teaser site and 6sqft got a first look at the unique new development.

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Image courtesy of Selvon Ramsawak

New York City’s first fully electric skyscraper topped out in Downtown Brooklyn this week. The 44-story building 100 Flatbush is part of the first phase of Alloy Block, a mixed-use five-building development designed by Alloy Development to have 850 apartments, 200,000 square feet of office space, and two public schools. 100 Flatbush will contain 441 mixed-income residences, 396 of which will be market-rate rentals and 45 separate affordable residences, and 30,000 square feet of retail space.

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Renderings courtesy of March Made

A penthouse in Dumbo has sold for $17,500,000, becoming the neighborhood’s priciest sale on record. The four-bedroom penthouse sits atop the new 33-story waterfront development Olympia Dumbo, which was recently crowned 6sqft’s Building of the Year. At $4,102 per square foot, the deal also marks the most expensive condominium sponsor sale concerning price per square foot in Brooklyn.

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All renderings courtesy of Marvel Design

A wellness-focused housing development is coming to Bed-Stuy. The city’s Department of Housing Preservation and Development last week selected the “The Steps at Saratoga” proposal from RiseBoro, IMPACCT Brooklyn, and Urbane Development. Planned for the corner of Fulton Street and Saratoga Avenue, the project consists of two new buildings with 238 affordable apartments, including 158 units for low-income families and 80 for seniors. The development will offer residents several wellness and food justice programs, including access to a food co-op, a demonstration kitchen, a greenhouse, and a center dedicated to elderly care.

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