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New major development coming to Washington Heights
The Chetrit family is eyeing a Washington Heights development site with plans to construct one of the tallest residential buildings in the neighborhood, The Real Deal reports.
Brothers Eli and Isaac Chetrit, and their development partner Jacob Aini, are in contract to buy 622-628 West 153rd Street for $30 million where they intend to build a 28-story, 135,000-square-foot luxury residential project, sources told The Real Deal.
The project would join a handful of other major developments on the horizon in the uptown neighborhood, including a 22-story hotel, office, and retail project at 2420 Amsterdam Avenue and a seven-story, mixed-use development at 4452 Broadway with ground floor retail and 129 apartments, 30 percent of which will be set aside as affordable housing.
And in other news...
- New York City condo developers are facing a glut of supply, but there is one bright spot (if you’re a developer): an increase in the number of people around the world who can afford the luxe pads.
- City Council member Carlina Rivera has come out against an air rights transfer developers are seeking to build a 10-story office building on St. Marks Place in the East Village.
- Flash floods may finally be a thing of the past in Gowanus with the completion of a $27 million sewer expansion along Ninth Street and Second Avenue.
- A new report by The Urban Land Institute and a Bronx community board looks at the impact a soccer stadium near Yankee Stadium could have on the area.
- Could New York State be the first to adopt a “crash victims bill of rights”?
- A Time Warner Center penthouse is in contract.
- A new restaurant, appropriately named Peak, is opening at the pinnacle of 30 Hudson Yards on March 12, one day after the building’s anticipated outdoor observation deck known as “Edge at Hudson Yards” opens to the public.
- Rare blueprints of the World Trade Center have hit the market.
- Former Mayor Michael Bloomberg has officially dropped out of the 2020 presidential race.