Welcome to our weekly construction/new development roundup where we highlight ongoing work on a handful of NYC projects we may have missed during the week.
500 Kent Avenue
↑ The Rabsky Group has scooped up the large Williamsburg waterfront site that Consolidated Edison put on the market last fall, The Real Deal reports. The city had warned prospective buyers that it would refuse to rezone the land to allow for a residential project, so Rabsky has decided to build a commercial project at 500 Kent Avenue instead. The site is close to the Domino megaproject, and Eliot Spitzer’s development.
20 East End Avenue
↑ Construction on the Robert A.M. Stern-designed 20 East End Avenue is nearing completion, new photos by Field Condition have revealed. The Upper East Side condo commenced closings last November, so residents have already moved in. In all the building just has 41 apartments with prices ranging from $4.5 million to $12 million.
Morgans Hotel, 237 Madison Avenue
↑ A Midtown hotel is going residential thanks to a partnership between two developers, the Kash Group, and Shel Capital, The Real Deal reports. The development team is in contract to purchase Morgans Hotel for $41 million. They want to convert most of the 17-story building into micro condos measuring between 300 and 325 square feet. The lower floors will feature a restaurant and possibly hotel rooms or corporate housing.
29-26 Northern Boulevard
↑ It’s been nearly two years since we last checked in with this development, and now this 45-story Long Island City building is nearly to the top, the Court Square Blog reports. When all is said and done, the building will stand 473 feet tall and come with 415 apartments. Construction is scheduled to wrap next summer.
Soundview Film Studio
↑ As the film and television industry continues to grow in New York City, another studio is adding space in the Bronx. York Studio is planning to shell out $100 million to build a production facility on a 10-acre vacant lot in Soundview, close to the Bruckner Expressway, Crain’s reports. In all, this facility will have 350,000 square feet of production space. The first phase of construction will see the creation of five sound stages by October 2018. Additionally, this project is expected to generate $100 million in tax revenue for the Bronx. York Studios’ new facility will join Silvercup Studios’ recently opened Port Morris studio.