When we last checked in on Glenwood Management’s latest rental development at 175 West 60th Street, the 48-story, 533-foot tall building had just topped-out and launched its affordable housing lottery offering apartments priced as low as $566/month. Now, the team has jump-started leasing on the building’s 205 market-rate residences. Dubbed The Encore—likely due to its proximity to Lincoln Center for the Performing Arts and the tower being Glenwood’s second foray on Fordham University’s Lincoln Square campus superblock (Hawthorn Park was the first)—the building is centrally positioned at the meeting of Midtown West and Upper West Side.
According to Glenwood, occupancy for the upscale rentals will begin on July 1, and early lease-signors, for a limited time, can capture net-effective rents of $3,483/month for alcove studios, $4,790/month for one-bedrooms, and two-bedrooms starting at $7,297/month.
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At the northeast corner of York Avenue and East 74th Street, a glass and metal pile of floors is nearing completion. Developed by Golden Asset LLC and designed by Stephen B. Jacobs Group, the thin-skinned tower soars 20 stories above its characterful block of brick and fire-escape adorned context. Named Rose Modern, the building anchors a corner site at 501 East 74th Street and will be near the 72nd Street station of the Second Avenue Subway, anticipated to open later this year.
Get a look inside
Near Long Island City‘s East River waterfront, work has begun on an eleven-story, 199-room DREAM Hotel conceived through a joint venture between Millhouse Peck Properties, Barone Management and MATT Development. The hotel will rise from a full-block, commercially-zoned lot between 44th Road, 44th Avenue, and 9th and 10th streets, which was previously home to Manhattan Cabinetry’s factory building (the company has since relocated those operations to Woodside).
Stephen B. Jacobs Group has been tapped as the architect and the studio has designed a Standard Hotel-esque tower where the room floors are pitched above various restaurants, bars and outdoor terraces. New nighttime renderings show windows framed by LED lighting. A previous image suggested the developers were looking to salvage a corner facade of the factory-building, but the facade is no longer depicted in the new set of renderings and the entire factory structure has been cleared from the site.
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Watch out Hudson Yards, Midtown is moving east to Queens. The glassy ghetto formerly known as Long Island City is sprouting a small city worth of skyscrapers, ushering in thousands of new residents, hundreds of hotel rooms, and a few hundred thousand square feet of office space. To help us visualize the neighborhood’s upcoming transformation, the dynamos at Rockrose Development commissioned visualization experts Zum-3d to produce this exceptionally accurate depiction of the changes afoot. Inspired by the rendering, 6sqft has put together a rundown of the nearly 30 under-construction and proposed projects for the ‘hood.
See the full roster ahead
Glenwood Management has just launched their affordable housing lottery for 52 below-market rate apartments within their soon-to-debut rental tower at 175 West 60th Street. Situated within the Lincoln Center area of the Upper West Side, 20 percent of the building’s 257 units will be set aside for low-income residents and will range from $566/month studios to $931/month two-bedroom units.
Find out if you qualify
Foundation work continues apace on Friedland Properties‘ and Rose Associates‘ upcoming 72-unit apartment tower at the southeast corner of Broadway and West 80th Street. Tentatively addressed as 2230 Broadway, the building will rise 18 stories and 227 feet to its rooftop stair bulkhead. This stretch of Broadway on the Upper West Side enforces a 210-foot height cap (to its highest occupiable floor) to keep new developments in scale with their surrounding historic context. According to building permits, Stephen B. Jacobs Group are the architects. Evidently, the project has gone through several iterations of design, but it seems the team has settled on this recently posted conservative red brick building with a light stone base and cornice lines. The new rendering is also in line with DOB filings and an elevation posted at the construction site.
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