Major Developments

Crown Heights, Major Developments, New Developments

960 Franklin Avenue

Rendering: NYC Department of City Planning

The developers behind a controversial proposal to build a pair of high-rise towers in Crown Heights next to the Brooklyn Botanic Garden have put forth a revised plan that would slash the building height and the number of affordable units offered. As first reported by The City, Continuum Company and Lincoln Equities launched a new project website that describes a 17-story residential building at 960 Franklin Avenue as an alternative to the 34-story project currently under review by the city.

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Architecture, Major Developments, Midtown East, Urban Design

42nd Street looking west. Copyright Miysis SPRL / Courtesy of Skidmore, Owings & Merrill

In another small way, the city is saying goodbye to Donald Trump. Renderings have been released for a massive tower replacing Midtown’s Grand Hyatt Hotel, Trump’s first major Manhattan development. The proposed mixed-use project at 175 Park Avenue would rise up to 83 stories and 1,646 feet tall, which would make it the second-tallest building in New York City, behind 1,776-foot One World Trade Center. The design, which is made possible thanks to the Midtown East Rezoning, comes from Skidmore, Owings & Merrill and also includes hundreds of millions of dollars of infrastructure upgrades to Grand Central Terminal and the subway station, as well as three elevated public outdoor spaces that wrap around the building.

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affordable housing, Bronx, Major Developments, New Developments

Rendering courtesy of S9 Architecture

Construction of the South Bronx mixed-use project that will have over 1,000 units of housing, a waterfront esplanade, and a permanent home for the Universal Hip Hop Museum is set to begin in the coming weeks. Developed by L+M Development Partners, Type A Projects, BronxWorks, and the city of New York in a public-private partnership, the project, known as Bronx Point, secured $349 million in financing last week. S9 Architecture is leading the design of the 22-story development, with the publicly-accessible open space along the Harlem River designed by Marvel Architects and Abel Bainnson Butz.

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Landmarks Preservation Commission, Major Developments, Museums, New Developments, South Street Seaport

All renderings courtesy of Skidmore, Owings & Merrill / Howard Hughes Corporation

Plans to construct two 470-foot towers and expand a museum in the historic South Street Seaport neighborhood were met with mixed feedback during a public Landmarks Preservation Commission hearing on Tuesday. The Howard Hughes Corporation presented a proposal for a $1.4 billion mixed-use project consisting of rentals, condos, and office space at 250 Water Street, as well as a new building for the South Street Seaport Museum at 89 South Street. While those in favor of the project say it will bring much-needed affordable housing to a neighborhood that has almost none and help the museum stay open, opponents claim the project is out of scale with the rest of the district. New renderings of the proposed expanded museum show plans for a copper-clad exterior, flexible gallery space, an outdoor terrace, and a connection to the historic structure.

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Crown Heights, Major Developments

960 Franklin Avenue

Rendering: NYC Department of City Planning

Mayor Bill de Blasio on Monday announced his opposition to two controversial high-rise towers proposed for a Crown Heights lot across from the Brooklyn Botanic Garden. As first reported by Gothamist, the mayor said the project would “harm the research and educational work carried out by one of this city’s prized cultural institutions.”

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affordable housing, Gowanus, Major Developments

Rendering courtesy of Marvel Architects/SCAPE Landscape Architects

The city’s proposed six-building residential development in Gowanus will be 100 percent affordable, officials announced last week. The Gowanus Green project, part of Mayor Bill de Blasio’s administration’s plan to rezone the Brooklyn neighborhood, will contain 950 units of affordable housing, with at least 50 percent designated to extremely low and very low-income households. Previously, the plan called for roughly 74 percent of units to fall below the market rate.

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affordable housing, Major Developments, New Developments, South Street Seaport

All renderings courtesy of The Howard Hughes Corporation/SOM

The Howard Hughes Corporation on Thursday unveiled its latest effort to redevelop the South Street Seaport neighborhood. The $1.4 billion proposal includes the construction of two 470-foot towers which would contain rentals, condos, and office space on a parking lot at 250 Water Street. Initial plans from the developer called for a single tower that would rise nearly 1,000 feet, but local residents and Community Board 1 opposed it. Designed by Skidmore, Owings & Merrill, the two towers would include 360 units, with at least 100 apartments set aside for families earning 40 percent of the area median income. It would be the first affordable housing built in the community under the city’s Mandatory Inclusionary Housing program.

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Major Developments, New Jersey

NJ’s American Dream mall will reopen October 1

By Devin Gannon, Fri, September 4, 2020

Rendering courtesy of Triple Five Group

New Jersey’s American Dream megamall will reopen its doors next month after shuttering for six months because of the coronavirus pandemic. Earlier this summer, the mall’s future looked bleak, with developer Triple Five Group missing mortgage payments and multiple tenants leaving the site. But with American Dream’s indoor ski park officially running again and retail stores and attractions set to reopen on October 1, the mall’s luck may be turning around.

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affordable housing, Harlem, Major Developments, New Developments

Target to open at major mixed-use development in Harlem

By Devin Gannon, Wed, August 12, 2020

BRP Companies

A deal to bring the National Urban League back to Harlem was reached last month as part of a mixed-use development project planned for 125th Street. In addition to affordable housing, office space for nonprofits, and the city’s first museum dedicated to civil rights, the $242 million project, known as the Urban League Empowerment Center, includes a new 44,000-square-foot Target, as the New York Post first reported.

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Major Developments

All renderings courtesy of UBS

The future home for the New York Islanders hockey team has a name. Wealth management service UBS last week secured a 20-year naming rights agreement for the new sports and entertainment venue in Nassau County. The UBS Arena at Belmont Park is expected to open for the Islanders’ 2021-2022 season, with the team returning to Long Island after playing home games at the Barclays Center in Brooklyn since 2015.

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