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Infrastructure

The Borden Complex Nears Completion at 23-30 Borden Avenue in Long Island City, Queens

8:00 am on July 7, 2024 By Michael Young

Construction is nearing completion on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. The development is located on a large parcel between Borden Avenue and Newton Creek.

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Sketch of new Morris Park Station, courtesy of New York City

City Planning Commission Approves Bronx Metro-North Station Area Plan

7:30 am on June 28, 2024 By Max Gillespie

The New York City Planning Commission recently voted in favor of the Bronx Metro-North Station Area Plan, which aims to bring nearly 7,500 new homes, including 1,900 permanently income-restricted units, and 10,000 jobs to areas around four new Metro-North stations coming to the East Bronx neighborhoods of Parkchester/Van Nest, Morris Park, Hunts Point, and Co-op City. The new Metro-North stations, expected to open in 2027, are planned to connect East Bronx residents to opportunities across the borough and region while reducing car usage.

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Aerial photograph of New York City, via climate.cityofnewyork.us

New York City Landmark Preservation Commission Launches Climate Resiliency Initiative

7:00 am on June 3, 2024 By Max Gillespie

The New York City Landmark Preservation Commission has announced the launch of the organization’s new Climate Resiliency Initiative, a sustainability effort aimed at protecting the city’s waterfront historic properties from climate-related weather events. The initiative, funded by a $500,000 multi-year hazard mitigation grant from the Federal Emergency Management Agency through the NYC Emergency Management Department, will focus on identifying and investing in vulnerable historic properties in the city’s flood zones.

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New Renderings Reveal Port Authority Bus Terminal Overhaul in Midtown, Manhattan

8:00 am on June 1, 2024 By Michael Young and Matt Pruznick

Additional renderings and diagrams have been revealed for the proposed overhaul of the Port Authority Bus Terminal in Midtown, Manhattan. Designed by Lord Norman Foster of Foster + Partners and Epstein as a joint venture for the Port Authority of New York and New Jersey (PANYNJ), the $10 billion project will replace the 74-year-old, 2.1-million-square-foot structure spanning two city blocks between Eighth and Ninth Avenues and West 40th and 42nd Streets. The City Planning Commission has just begun the Uniform Land Use Review Procedure (ULURP) to hear from the public and local community.

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25-01 Queens Plaza North Nears Topping Out in Long Island City, Queens

7:30 am on March 27, 2024 By Michael Young and Matt Pruznick

Construction is closing in on the parapet of 25-01 Queens Plaza North, a 26-story residential building in Long Island City, Queens. Designed by Handel Architects and developed by Grubb Properties, which purchased the property for $63 million in 2021, the 311-foot-tall structure will yield 417 rental units with 124 reserved for affordable housing, as well as 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor, Custom Metalcrafters is supplying the glass façade, DeSimone Consulting Engineering provided structural engineering and facade consulting services, and King Contracting Group will be responsible for installing nearly 125,000 square feet of bricks and CMU blocks for the project, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.

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Rendering of the new Midtown Bus Terminal, courtesy of Port Authority of New York and New Jersey

Funding Approved For New Port Authority Bus Terminal In Midtown, Manhattan

7:00 am on March 17, 2024 By Max Gillespie

Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.

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New Renderings Revealed For Wynn Resorts At Phase Two Of Hudson Yards 

8:00 am on March 14, 2024 By Michael Young

Wynn Resorts revealed a series of new renderings for its proposed casino and hotel location within phase two of Hudson Yards. Developed with Related Companies, the master plan, expected to cost $12 billion, consists of multiple skyscrapers that will additionally yield space for 1,500 apartments, two million square feet of office space, a public school, and a daycare center. The master plan is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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