A housing lottery kicked off on Monday for 31 new, middle-income apartments in the Queens neighborhood of Flushing. The rental at 144-74 Northern Boulevard contains 100 units and ground-floor retail, including the Korean supermarket H Mart and a Burger King. Qualifying New Yorkers earning 130 percent area median income can apply for the apartments, which range from $1,750/month studios to $2,400/month two-bedrooms.
Ismael Leyva Architects
Via Ismael Leyva Architects
The plan to convert the landmarked Battery Maritime Building into a hotel and Cipriani rooftop restaurant is back on schedule after an injection of capital into the project, Crain’s reported on Thursday. Developer Midtown Equities will take a 30 percent stake, allowing construction to resume this fall or winter. In 2009, the city first approved a plan to redevelop the building, which sits at 10 South Street in the Financial District, but was delayed after a series of legal and financial setbacks.
CityRealty recently reported on the progress of the under-construction rental building at 515 West 36th Street, bringing us snapshots of the 39-story Midtown West tower, which topped out over the summer; next to arrive was its sleek glass facade. The mixed-use building will contain 250 rental units upon completion. A lottery launched today for 63 of those units set aside as low- and middle-income studios, one- and two-bedroom apartments. Qualifying New Yorkers earning 40, 60 and 130 percent of the area median income can apply for units ranging from $613/month studios to $2,733/month two-bedrooms.
This post has been sponsored by 100 Barclay. To learn more about available condos or to schedule a tour, visit the official 100 Barclay website.
Finished in 1927, 100 Barclay is one of New York City’s most pivotal structures. Designed by one of our country’s most esteemed architects, Ralph Walker, while he was an associate at McKenzie Voorhees & Gmelin, the tower began construction in 1923, during a time marked by a dramatic shift in architecture and the beginning of the Roaring Twenties. Originally known as the Barclay-Vesey Building, the 32-story building ascends to a height of nearly 500 feet, which made it one of the globe’s tallest towers upon completion. The voluminous building was also built as the largest telephone company building in the world, encompassing more than 1.2 million square feet of office and telecommunication space. Its Hugh Ferris-inspired massing, and nature-influenced ornamentation stands as a monument to man’s prowess and the machine age, and is widely recognized by architects and historians to be the first Art Deco skyscraper, a prototypical example of the style in its finest form.
If living right near the Holland Tunnel doesn’t bother you, here are 41 low-income apartments on the border of Tribeca and Soho in a brand-new rental building from the Related Companies. 261 Hudson Street is in the up-and-coming Hudson Square neighborhood and was constructed as an 80-20 building through the city’s Robert A.M. Stern Architects, it has 12 stories and 201 units total. The affordable apartments include $788/month studios, $847 one-bedrooms, and $1,025 two-bedrooms.
Soho Properties has received $219 million in construction loans for a $174 million luxury condominium project at 45 Park Place in Tribeca, according to a statement from Manhattan developer Sharif El-Gamal, The Real Deal reports. The deal was funded by the London branch of Malayan Banking Berhad (Maybank) and Kuwait-based Warba Bank, with Saudi investment firm MASIC providing a $45 million mezzanine loan and Italian bank Intesa Sanpaolo serving as documentation agent. The developer had previously secured $33 million in financing from Madison Realty Capital in 2014.
The funding will be used for the residential tower and an Islamic cultural museum to be built next door at 51 Park Place. The condo project, to be designed by SOMA Architects, will be a 665-foot, 43-story tower with 50 high-end apartments, including two penthouses on the top four floors. Ismael Leyva Architects is listed as the architect of record.
Carter Uncut, Construction Update, Features, hudson yards, Major Developments, Midtown West, Starchitecture, Urban Design
Carter Uncut brings New York City’s breaking development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us the third installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter zooms in on Hudson Yards.
The Hudson Yards neighborhood in Far Midtown West is one of the country’s most active construction areas. Construction cranes dot its emerging skyline and dozens more are promised now with the district’s improved connection to the rest of the city. Last fall, the 7-line subway station at Eleventh Avenue and 34th Street opened with one-stop access to Times Square. The newly-minted station features a lengthy diagonal escalator bringing commuters to the front-door of the huge mixed-use project being created over the rail yards west of Tenth Avenue between 30th and 33rd streets. Originally, a second station was contemplated on 41st Street and Tenth Avenue but transit officials claimed it could not afford the $500 million expenditure, despite the enormous amount of new residential construction occurring along the far West 42nd Street corridor.
Nevertheless, the finished Hudson Yards station deposits straphangers into a new diagonal boulevard and park between 10th and 11th Avenues that will ultimately stretch from the Related Companies / Oxford Property Group’s Hudson Yards master plan northward to 42nd Street.
To counter the far west side’s emerging future as a glass and metal ghetto, BKSK Architects have designed a robust steel- and brick-faced building at 509 West 38th Street, slated to open in 2017. After a failed condo proposal, a foreclosure, and a developer switch, the project is finally ascending and is already seven stories out of the ground since we last checked a week ago. Dubbed “The Hi-Side,” the 158,000-square-foot, mixed-use tower is being developed by investment firm Imperial Companies, who picked up the site from Iliad Development in an undisclosed deal.
Fast forward nearly eight years, and a 30-floor, 345-foot building is rising at the site. Situated at the eastern block front of the future Hudson Park Boulevard, bands of ribbon windows along its western face will provide residents with sweeping views of the Hudson River. The base of the tower, which will feature a restaurant, is clad in a muscular rhythm of exposed steel, brick spandrels, and large multi-pane windows.
In July, 6sqft revealed that 12,000-square-foot lot at 45 Park Place in Tribeca (the former site of the controversial Ground Zero Mosque that was shelved four years ago by developer Sharif El-Gamal) was cleared to make way for a huge new condo. The lot is owned by El-Gamal’s SoHo Properties, who, just today, unveiled the final design for the slender, SOMA Architects-designed tower, along with new details, including its 665-foot height and sky-high pricing. As Bloomberg reports, the 70-story glass tower “will include at least 15 full-floor units of 3,200 to 3,700 square feet, and average prices higher than $3,000 a square foot… Prices at that level would be at least 13 percent more than the second-quarter average for new-development listings in the borough.”
Related Companies‘ new mixed-use rental tower at the front door of Hudson Yards is forging ahead. Located at 530 West 30th Street, just south of the towering Coach Tower (10 Hudson Yards) and west of the recently finished Abington House (also developed by Related), the 28-story building will bring 174 new rental homes to the rapidly evolving neighborhood. 530 West 30th shares its lot with 529 West 29th Street, an all-affordable, 126-unit building Related opened last year with apartments set aside for artists, seniors, and local residents of Community District 4.