NEW YORK | 760 Madison Avenue | 140 FT | 12 FLOORS
Project: 760 Madison Avenue
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In an exciting new partnership, The Armani Group and SL Green will fully redevelop 760 Madison Avenue to include a collection of luxury residences and a new flagship Giorgio Armani boutique.
Located on the corner of Madison Avenue and East 65th Street, the new building will rise 12 stories with a crowning rooftop and terrace areas. The new flagship boutique will occupy the lower levels of the structure. In total, the development will measure about 97,000 square feet.
Above the boutique, the building will house 19 high-end residences with interiors designed and selected by Giorgio Armani. COOKFOX will serve as the project’s architect.
“This special project is an opportunity to design a modern home for the next generation of Armani’s presence on Madison Avenue,” said Rick Cook, principal at COOKFOX. “Our approach is to reinterpret the design sensibility of a classic Madison Avenue building, like The Carlton House at 21 East 61st Street and 45 East 66th Street, to create a contemporary and iconic residence and retail building for both the Upper East Side Historic District and the Armani brand.”
In this regard, COOKFOX carefully reviewed building materials that would reflect the historic streetscape of the surrounding neighborhood. When complete, the building will be clad in limestone and brick, with a series of setback landscaped terraces to create a visual connection to the tree-lined Madison Avenue and Central Park.
Long Island City’s residential craze is set to continue with another new development in the Queens neighborhood.
Ascent Development wants to construct a 20-story apartment building at 45-31 Davis Street, according to a pre-filed application filed over the weekend with the city’s building department.
The project, which will stand across the street from the Wolkoff Group’s 5Pointz development, will span roughly 76,300 square feet and hold 92 units. It also will have designated space for a yoga studio, play room and lounge.
The LIC-based development firm did not immediately return a request seeking comment.
Modern Spaces is marketing the project, though it has not been decided yet whether the units will be condominiums or rentals, said Eric Benaim, the firm’s CEO.
Ascent has closed on the site, where a one-story industrial building currently stands, Benaim said. City records show that an entity called 4531 Davis Street LLC has owned the parcel since 2007.
NEW YORK | 40 East 112th Street | 219 FT | 15 FLOORS
Project: 40 East 112th Street
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Permits have been filed for a 15-story mixed-use building at 40 East 112th Street in Harlem, Manhattan. Located between Madison Avenue and Park Avenue, the vacant lot is two blocks east of the 110th Street Station – Central Park North subway station, serviced by the 2 and 3 trains. It is also two blocks west of the 110th Street subway station on Lexington Avenue, serviced by the 4 and 6 trains. David Dishy of L+M Development Partners is listed as the owner behind the applications.
The proposed 219-foot tall development will yield 698,902 square feet, with 545,566 square feet designated for residential space, 27,750 square feet for commercial space, and 95,585 square feet of community facilities. It will have 315 residences, most likely condos based on the average unit scope of 1,731 square feet. The concrete-based structure will also have a cellar, basement, and rooftop.
David Middleton of Handel Architects is responsible for the design.
Demolition permits will likely not be needed as the lot is vacant. An estimated completion date has not been announced.
Permits have been filed for a 20-story mixed-used tower at 2252 3rd Avenue, in East Harlem, Manhattan. Located between East 122nd Street and East 123rd Street, the interior lot is two city blocks south of the 125th Street subway station on Lexington Avenue, serviced by the 4, 5, and 6 trains. Roy Moussaieff under the 2252 Third Avenue LLC is listed as the owner behind the applications.
The proposed 212-foot tall development will yield 60,681 square feet, with 43,238 square feet designated for residential space and 6,702 square feet for commercial space. It will have 61 residences, most likely rentals based on the average unit scope of 708 square feet. The concrete-based structure will also have a cellar and a 30-foot long rear yard.
Robert Bianchini of ARC Architecture is responsible for the design.
NEW YORK | 98-04 63rd Road | FT | FLOORS (177k sq-ft)
Project: 98-04 63rd Road
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Another development is slated for Queens’ Rego Park neighborhood.
Developer Kenny Liu filed plans this week for a 177,000-square-foot tower at 98-04 63rd Road in Rego Park, according to PincusCo. Liu’s company, Chuang Heng Rego Park LLC, closed on the property last week for $30 million. It was sold by the Catholic Church of Our Lady of the Angelus. CBRE’s Dan Kaplan and Tim Sheehan brokered the sale on behalf of the church.
NEW YORK | 475 Exterior Street | FT | FLOORS (764k sq-ft potential)
Something that should be watched. Lightstone has been making moves all around the city. this area is a hot spot for future development, with a few developments in the pipeline along the Harlem River.
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Project: 475 Exterior Street
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The Lightstone Group is getting in on the Mott Haven apartment renaissance with a $30.05 million long-term lease for land along the Harlem River waterfront that is also in an Opportunity Zone.
The giant Bronx site at 475 Exterior St., aka 60 E. 149th St., stretches for 725 feet along the river between the 145th Street Bridge and an upcoming city park. A 764,000-square-foot project can be developed there, and it is likely slated for hundreds of rental apartments and local retail. (Condominiums are not built on rented land.) The zoning also allows schools, offices and hotels.
Lightstone declined to comment on the deal or its plans, but last year it purchased seven occupied Bronx rental buildings, as was reported by the Real Deal.
The site owner, River Edge Realty, an entity of Bronx County Recycling, bought it in 1992 for $6,400, and other city documents show it signed a 49-year lease with a 50-year extension in mid-January with Lightstone. The start date of the lease was not publicly recorded, and no one returned a message left at its Bronx offices.
As beautiful as Brooklyn’s brownstones are, there’s only so much sentiment outside the protection of historic districts. The latest casualty is at 441 4th Avenue in Park Slope, where a Neo-Grec brick building by the prolific George L. Morse once stood. Its most recent tenant, Good Shepherd Services, sold the lot to developer Joseph Banda, who completed the transaction under an entity known as Vibes of One LLC, for $15.5 million in July 2018 (per Acris). Demolition permits were also filed over the summer. Most recently, architect J. Frankl Associates has unveiled rendering of a slick brick building with a glass center to go up on the site.
The first floor of the new building will be devoted to retail space and a community facility. According to renderings, 65 apartments will start on the second floor and have high ceilings, oversized windows and, in select units, private terraces.
NEW YORK | 575 Exterior Street | 260 FT | 23 FLOORS
Project: 575 Exterior Street
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Permits have been filed for a 23-story tower at 575 Exterior Street in Concourse Village, The Bronx. Bordering the Harlem River, the lot, also known as 65 East 149th Street, is located on the corner of Exterior Street and East 149th Street. Four blocks west is the 149 Street – Grand Concourse subway station, serviced by the 2,4, and 5 trains. David Dishy of L+M Development Partners is listed as the owner behind the applications.
The proposed 260-foot tall development will yield 584,876 square feet, with 424,075 square feet designated for residential space, 72,571 square feet for commercial space, and 60,044 for community facilities. It will have 542 residences, most likely rentals based on the average unit scope of 782 square feet. The concrete-based structure will also have three mezzanines and a rooftop.
Navid Maqami of S9 Architecture is responsible for the design.
Demolition permits will likely not be needed as the lot is vacant. An estimated completion date has not been announced.
NEW YORK | 224 East 135th Street | 243 FT | 24 FLOORS
Project: 224 East 135th Street
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Permits have been filed for a 24-story mixed-use tower at 224 East 135th Street, in Mott Haven, The Bronx. The corner lot, also marked as 198 East 135th Street, is located between Major Deegan Expressway and the 3rd Avenue Bridge. Three blocks away is the 3rd Avenue-138 Street subway station, serviced by the 6 train. Cheskel Schwimmer of CGS Builders listed as the owner behind the applications. Cheskel previously filing permits in 2015 for a 25-story building with 465 apartment units.
The proposed 243-foot tall development will yield 310,565 square feet, with 292,716 square feet designated for residential space, 13,474 square feet for commercial space, and 4,375 square feet for community facilities. It will have 190 residences, most likely condos based on the average unit scope of 1,540 square feet. The concrete-based structure will also have a cellar, a 30-foot long yard, and 216 enclosed parking spaces.
Fariba Makooi of Fischer Makooi Architect is responsible for the design.
Permits have been filed for a 19-story mixed-use building at 1169 River Avenue in Concourse, The Bronx. Located between McClellan Street and East 167th Street, the interior lot is steps away from the 167th Street subway station, serviced by the 4, B, and D trains. Christoper Lacovara of Community Access, a NYC supportive housing and social service non-profit for people with mental health concerns, is listed as the owner behind the applications. They currently have two other projects currently underway in the Bronx, one on Bruckner Boulevard and another on East 172nd Street.
The proposed 195-foot tall development will yield 242,726 square feet, with 100,097 square feet designated for community facilities, 74,118 square feet of residential space, and 20,582 square feet of commercial space. It will have 245 residences, with an average unit scope of 302 square feet apiece. The steel-based structure will also have a cellar, 30-foot long rear yard, and 55 enclosed parking spaces.
Ariel Aufgang of Aufgang Architects is responsible for the design.
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NEW YORK | 760 Madison Avenue | 140 FT | 12 FLOORS
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