The smaller one, 26-02 1st Street, will span 269,346 square feet. ![]() The larger of the two, 26-40 First Street, will span 349,470 square feet and will have 358 apartments. In April, the developer filed plans for two mixed-use buildings. The Durst Organization moved forward this year with its seven-building complex on Astoria’s waterfront, known as Hallets Point. JEMB Realty filed plans for a 385,457-square-foot office building at 420 Albee Square, which it is calling “One Willoughby Square.” The building is expected to span nearly 400,000 square feet and include more than 20,000 square feet of ground-level retail. Phipps Houses is building a 400-plus unit residential project at 250 Euclid Avenue in the Cypress Hills section of East New York. Omni New York filed plans for a 412,862-square-foot mixed-use building that will feature 389 affordable apartments in Jamaica Queens. The project’s 404 apartments will stretch out across 359,479 square feet, and an additional 60,732 square feet will be set aside for commercial use. The Richman Group filed plans for a 19-story apartment building in East Harlem. Silverstein proposed a 723-foot-tall building at 521 West 41st Street, which will feature 547,718 square feet of residential space, with another 63,000 square feet of commercial space. The 56-story, 800-unit building will rise 587 feet and is part of TF Cornerstone’s Hunter’s Point South Towers project, a two-building complex that will feature 1,193 apartments. In October, TF Cornerstone proposed a 776,624-square-foot residential building in Long Island City. The building will span 874,149 square feet and feature 737 apartments. Kushner Companies, along with CIM Group and LIVWRK, plan to build a 21-story residential building at 85 Jay Street. Total Manhattan Class A Office vacancies increased from 8.9 % vacant to 9.5 % vacant 3) 85 Jay Street, Brooklyn Construction on One Manhattan West, a 62-story office tower, is underway and Brookfield recently completed the $350 million redevelopment of 5 Manhattan West, a 16-story office building. The project will eventually span 3.5 million square feet.īrookfield Property Partners filed plans for a 59-story, 1.75-million-square-foot office tower at 401 West 31st Street. In June, Amazon announced that it would take 975,000 square feet at the warehouse for its first-ever distribution center in New York City. Matrix Development Group is planning a 2.3 million-square-foot commercial manufacturing building in the Bloomfield section of Staten Island. The 10 biggest new real estate projects of 2017: In fact, half of the year’s Top 10 most valuable office leases were inked at Hudson Yards and Manhattan West. Tenants flocked to get deals done, particularly in new buildings on the Far West Side and in Lower Manhattan, pushing leasing volumes ahead of last year’s figures. Manhattan’s office-leasing market stood tall. Average asking rents on the Midtown stretch between 50th and 61st streets clocked in at $116.04 per square foot, and at the top end of the range reached $185 per square foot. Office rents on Fifth Avenue are the second-most expensive in the country. Total New York City Office vacancy increased from 8.2 % vacant to 8.5 % vacant.Total Manhattan Class A Office vacancies increased from 8.9 % vacant to 9.5 % vacant.Head to the gallery for a quick, visual update on where things stand in Dunwoody-and where this development is headed in 2023. ![]() ![]() Puttshack, a fusion of mini golf and a nightlife hotspot, has been signed as High Street’s first anchor tenant, with expectations of opening a 26,000-square-foot space sometime this year, officials have said. Other facets include streets designed to be bike-friendly and what GID reps have described as “elegant plazas, a distinctive water feature, a signature public staircase." GID officials have likened it to a “cosmopolitan oasis” in a district known for drive-to, nondescript office towers and Perimeter Mall.Īlong with an estimated 600 luxury apartments, GID is currently building 150,000 square feet of retail and restaurant space with an emphasis on patios in phase one.Īs a social nucleus, a large events lawn and park-for yoga classes, concerts, cornhole, and ice-skating-are also planned with the initial phase. High Street is planned to eventually be a $2-billion, transit-connected megaproject-and a highpoint of Dunwoody's transition from drive-to malls and office towers to a more walkable, urbanized district.
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