2023 is expected to see a number of large-scale residential projects be completed across New York City. Most of which are located in Manhattan, while a number of other sites are found in Brooklyn and Queens. Below are five notable sites that are on the verge of wrapping up construction.
1) 200 East 83rd Street
Located in the Yorkville section on Manhattan's Upper East Side, 200 East 83rd Street is the work of Robert A. M. Stern Architects for Rockefeller Group and Naftali Group. The topped out 35-story, 489-foot-tall structure will yield 205,877 square feet and 86 condominium units, as well as 3,033 square feet of ground-floor retail space and parking for 26 vehicles. The exterior is almost done, while interiors are currently underway. SLCE is serving as the architect of record and the property should finish in the second half of 2023. Compass is handling sales and marketing for the condominiums.
2) The Westly
The Westly joins the ongoing trend of apartments in New York City that are being constructed with visually striking and impossibly daring cantilevers that seem to defy gravity. At just 20 stories tall, the topped out Upper West Side property is addressed as 251 West 91st Street and is Designed by ODA Architects for Adam America Real Estate and Northlink Capital. Inside are 52 condominium units that are being marketed by Ryan Serhant of SERHANT. Sales are underway and construction should fully wrap up in the coming months.
3) Claremont Hall
Designed once again by Robert A. M. Stern Architects for Lendlease, Daiwa House Texas, and LMXD, an affiliate of L+M Development Partners, and addressed as 100 Claremont Avenue, this gorgeous 41-story 354,000-square foot Upper Manhattan project is located on the Union Theological Seminary campus and is directly across from Riverside Church in Morningside Heights. The 466-foot tall building launched sales last summer with Corcoran Sunshine in charge of marketing and sales for the 165 apartments.
The property recently made headlines for one of its coveted units, penthouse 41, selling for a record-breaking $10 million. This made it the highest amount for an apartment ever sold in Morningside Heights and shows the ongoing demand from buyers willing to pay for high-end apartments in New York City. The full-floor 4-bedroom, 4.5-bathroom home includes a gas fireplace, wet bar, private elevator entrance and outdoor space with sweeping 360-degree views over the neighborhood and the nearby Hudson River. Every penthouse at Claremont Hall has its own outdoor terrace.
4) The Paxton
Another project that will bring a large amount of rentals in New York City will be located at 540 Fulton Street, aka The Paxton. Topped out over Downtown Brooklyn, the 43-story, 511-foot tall building is designed by Marvel Architects and developed by Jenel Management. It will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, as well as 137,075 square feet of office space and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.
Construction has taken more time than usual due to some issues with the exterior facade installation, but the curtain wall is almost fully in place and it finally looks like the property could potentially open later this year.
5) Gotham Point
Our final site, Gotham Point, features the tallest residential tower along the Hunters Point, Queens waterfront and is expected to bring a large collection of rentals in New York City split among two buildings. Handel Architects is the designer and Gotham Organization and Riseboro Community Partnership are the developers of the taller 559-foot-high, 57-story northern tower at Parcel F. Addressed as 1-15 57th Avenue, there will be 692 rental units, while its shorter sibling on Parcel G rises just 33 stories and 443 feet tall with the remaining 440 rental units. Gotham Point as a whlole offers a grand total of 1,132 rental apartments, with 75 percent dedicated to affordable housing with age-restricted homes for seniors. There is also going to be a 1,100-seat Intermediate High School built by the School Construction Authority and a five-acre waterfront park constructed by New York City’s Economic Development Corporation.
The northern tower at Gotham Point is expected to open sometime this spring, while the building at Parcel G has already been open to residents.
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