Exploring NYC’s Latest Residential Developments

Exploring NYC’s Latest Residential Developments

From developments that have recently launched leasing to ones that are still in the earliest stages of development, here is a look at some of NYC’s latest residential development news.

Watermark LIC Launches Leasing

Watermark LIC, one of the newest developments in Long Island City, has recently launched leasing for its apartments. Designed by Handel Architects and located right off of Jackson Avenue, the 168-apartment rental building features a mix of studios and one- and two-bedroom units. In May, the lottery for the building’s 34 affordable apartments was launched with rents as low as $908 per month for qualifying individuals. The three market-rate studio apartments and two one-bedroom market-rate apartments that were initially launched, however, range in price from $2,169 to $3,254 per month after taking concessions into consideration.

Developed by Twining Properties, the building is on track to receive LEED Silver certification. Each of the apartments is features high ceilings, floor-to-ceiling windows, Italian kitchens with stainless steel appliances and LED lights throughout. Many also boast stunning views of the Manhattan skyline. Building amenities include 24-concierge, a bike room, storage lockers, a landscaped garden, a rooftop gym, communal workspace called “The Watermark Workbar” and a “Sky Lounge and Deck” offering panoramic views of Manhattan. The building’s base also features 2,500-square-feet of retail space.

East New York Warehouse to Become 77-Apartment Building

A one-story warehouse in East New York will soon become an eight-story apartment building offering 77 apartments. Located between Berriman Street and Atkins Avenue, the building was purchased by Brooklyn landlord Joel Schwartz in 2012 for $1.2 million. Schwartz, who is also bringing 33 apartments to Williamsburg, has filed plans to transform the space into a 54,000-square-foot residential building. Details about the development, including whether or not the apartments will be affordable, are still unknown.

Hudson Square Factory to Gain 25-Story Tower

Real estate tycoon Jeff Greene has filed plans to add a tower topper to a historic Hudson Square building. According to details released by architect COOKFOX, a 290-foot contemporary tower will rise from the six-story brick building located at 100 Vandam at the corner of Greenwich Street. The building will feature recesses to allow for landscaped loggias and terraces designed by Terrain-NYC while the edges will protrude from the tower to act as solar shades. Plans call for developing 70 condos with building amenities include bike parking, an 11-car automated parking garage, a subterranean screening room and a gym. The building will also feature five duplex apartments.

East Harlem Development Could Bring 1,100 Apartments to the Neighborhood

A full block project proposed for East 96th Street in East Harlem could bring 1,100 apartments to the neighborhood. Being developed by AvalonBay, plans call for bringing a 68-story rental building to a full block site between First and Second Avenue at 321 East 96th Street. In addition to including three new high schools in the plan, the developer has also agreed to make 330 of the apartments permanently affordable while also redeveloping and relocating the Marx Brothers Playground.

With plans calling for housing all 1,100 units in one building, the development would be the largest project in Manhattan north of 60th Street. The massive size of the development combined with the temporary loss of the park has upset some area residents, but the project has been backed by the de Blasio administration.