When it comes to new building filings in the city, 2021 is off to a somewhat slow start.
The city’s 10 biggest new building applications filed in January totaled about 2 million square feet about 1 million square feet less than was filed in December.
Six of the top 10 projects were mixed-use buildings, while three were schools.
Manhattan, Brooklyn and Bronx each had three of the month’s biggest filings, while Queens, which dominated in December, had only one plan ranked 8th that made the top 10.
Here’s the full list:
1. 520 Fifth Avenue, Manhattan
Rabina Properties filed plans to build a 70-story mixed-use skyscraper at Fifth Avenue and East 43rd Street in Midtown. The 452,134-square-foot building would include 98 residential units across 35 floors, with 24 stories dedicated to office space. Several floors would feature amenities like a solarium and private dining. KPF is listed as the architect of record.
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161 Maiden Lane, Fortis CEO Jonathan Landau and Bank Leumi CEO Avner Mendelson (Hill West Architects; Fortis; Bank Leumi)
The lender behind a troubled condominium building in the South Street Seaport is seeking to foreclose on more than $100 million worth of loans tied to the property and strip the developer of ownership.
Bank Leumi USA wants to foreclose on $120 million in loans it issued to developer Fortis Property Group to construct a 60-story luxury residence at 161 Maiden Lane.
The bank first tried selling the debt in October, claiming Fortis defaulted on its loan payments in June. But without a buyer, Leumi wants the government to sell the building, “so as to obtain the greatest return of the sale, whether sold jointly as a single parcel or sold separately as two or more parcels,” the lender said in a complaint filed last week in New York State Supreme Court.
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From top: 355 Exterior Street in the Bronx, 55-15 Grand Avenue in Queens and 700 Atlantic Avenue in Brooklyn (Google Maps)
Planning a new development project in New York City is not for the faint of heart, but some builders remained undeterred in 2020 even in the face of the Covid-19 pandemic, as well as rising anti-development sentiment.
This year saw the defeat of the Industry City rezoning, which would have transformed Sunset Park, as well as the Olnick Organization’s Lenox Terrace expansion. There was a near-miss with the Special Flushing Waterfront District, which was ultimately approved, and in November, the highest court in the state rescued the Inwood rezoning from ruin.
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City Council approves Special Flushing Waterfront District
Project includes 1,700 residential units, 879 hotel rooms New York / Share via Shortlink
A rendering of the Flushing waterfront and Council member Peter Koo (Rendering via Hill West Architects; New York City Council)
UPDATED, Dec. 10 2020, 4:15 p.m.: The City Council on Thursday voted in favor of a contested $2 billion project planned for Flushing’s waterfront.
The council approved the Special Flushing Waterfront District, a series of zoning changes that pave the way for a 13-building mixed-use development, which will include more than 1,700 residential units and 879 hotel rooms, along with retail and public space.
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