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Handel's West Side rental nears completion, Flushing's RKO Keith's conversion is underway, and more

Four construction updates to know about this week

Via Field Condition

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.

525 West 52nd Street

Via Field Condition

The 392-unit, Handel Architects-designed rental building on West 52nd Street is ever so close to the finish line, new construction site photos by Field Condition have revealed. The news follows shortly on the heels of the the leasing launch, which got underway in May this year. Rents here start just under $3,000/month, and the building comes with a mix of studios through two-bedrooms. Soon residents will be able to partake in amenities like the bocce court, the golf simulator, and the fitness center here.

Work on the building got underway in the summer of 2015, and the structure topped out in April last year. We got a look at the building’s teaser site earlier this year, and the leasing launch in May was followed by the unveiling of model units last month.

RKO Keith’s Theater

Pei Cobb Freed & Partners via LPC Review Materials

The conversion of the landmarked RKO Keith’s Theater in Flushing into condos is now officially underway, Crain’s has learned. In May, the the city’s Landmarks Preservation Commission, approved the project, which will see parts of the interior landmarked spaces, included the Grand Foyer and the ticketing lobby restored. The restored theater spaces will be subsumed into the condo building and serve as entrances for residents. The developer, Xinyuan Real Estate, will also be required to make the landmarked interior spaces accessible to the public at scheduled times.

As plans stand right now, the project will create 269 condos, ground floor retail, and community space, in a building designed by Pei Cobb Freed & Partners. The project is expected to be complete in 2020. The historic theater changed hands multiple times after it was landmarked in 1984, before Xinyuan finally got the green light for its conversion.

460 Main Street

Via Google Maps

Related Companies and Hudson Companies are set to add another new tower to their massive Roosevelt Island rental complex. The Real Deal reports that the developers have filed plans for a 21-story building with 341 apartments. This latest building is the eighth of a nine-building megaproject the team is developing on Roosevelt Island. Incidentally, they are also behind Cornell Tech’s residential building on the island, which will be the largest building built to passive house standards when it is complete.

287 East Houston

An 11-story condo building located on East Houston Street between Clinton and Suffolk Streets has now topped out. Developed by Hogg Holdings and Vinci Partners, the building will eventually have 28 apartments with prices ranging from $1.1 million to $5 million. Sales got underway in September last year, and construction is expected to wrap sometime next year.