Articles by Michael Young

Excavation Begins at 199 Chrystie Street on the Lower East Side

Excavation is beginning at 199 Chrystie Street for what will become a 14-story, 39,188 square-foot condominium tower with full-floor residences. R. Wade Johnson Design is listed as the architect of record for the the development, which is located on the Lower East Side near the corner of Chrystie Street and Stanton Street. KD Sagamore Capital is the owner and developer, and purchased the property for $20 million. The site was previously occupied by two buildings, 199 and 201 Chrystie Street, whose demolition was completed earlier this year.

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Work Wraps on Robert A.M. Stern’s 250 West 81st Street, on the Upper West Side

Scaffolding for 250 West 81st Street on the Upper West Side has been completely dismantled. The exterior limestone and brick curtain wall at the corner of West 81st Street and Broadway fully stands out in the sunlight. The 209-foot-tall residential tower is designed by Robert A. M. Stern Architects and developed by Alchemy Properties while Stribling Marketing Associates manages sales. The 18-story structure yields 31 condominiums, averaging 2,700 square feet apiece. There are two- to five-bedroom units with prices ranging from $3.8 million to $15.7 million. The site is located two blocks from the 1 train at the 79th Street subway station.

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260 Bowery Tops Out While Interior Work Continues, in Nolita

Work on an 85-foot tall residential development at 260 Bowery has topped out. The 3,700-square-foot building, which is being designed by Morris Adjmi Architects and developed by Premiere Equities, will yield 14,611 square feet. The eight-story structure will contain five apartments, averaging 2,922 square feet apiece. The property is located in Nolita between Houston Street and Stanton Street and sits across from the New Museum. The site, purchased for $10 million several years ago, replaces an old three-story kitchen supply store, as previously reported by Bowery Boogie.

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Excavation Begins For One Boerum Place, in Downtown Brooklyn

Excavation has begun for One Boerum Place in Downtown Brooklyn. The upcoming ground-up, mixed-use condominium tower will rise 21 stories on a narrow, triangular-shaped plot of land. The site is bound by Boerum Place, Red Hook Lane, and Fulton Street. SLCE Architects is the designer while Avery Hall Investments, Allegra Holdings, and Aria Development Group are the developers. The joint venture team was recently able to acquire a $165 million construction loan from Jutland Finance. The total cost of One Boerum Place is expected to be around $250 million.

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