Renderings: Moinian’s new resi building at Market Diner site

CetraRuddy-designed building at 572 11th will have 165 units

TRD New York /
Aug.August 12, 2016 08:00 AM

In the shadow of Moinian Group’s colossal rental building Sky, the developer is planning a more modest apartment building at 572 Eleventh Avenue, new renderings show.

Located just one block from its 70-story, 1,175-unit counterpart, the building will rise 13 stories and house 165 units, according to New York YIMBY. The average unit will measure 750 square feet. The building itself will span the block between 43rd and 44th streets. The site was formerly home to retro eatery Market Diner.

The 125,000-square-foot project will have 26,700 square feet of retail and floor-to-ceiling window on the top floors, which will have a series of small setbacks and terraces. CentraRuddy is the architect.

Moinian bought the site for $5.9 million in 2004. In 2015, the developer raised $361 million on the Tel Aviv Stock Exchange, some of which was used to fund the project. [NY YIMBY]E.B. Solomont


Related Articles

arrow_forward_ios
Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

With huge refi, Moinian to take complete control of 3 Columbus Circle

With huge refi, Moinian to take complete control of 3 Columbus Circle

PHOTOS: Inside Moinian’s 2018 holiday bash

PHOTOS: Inside Moinian’s 2018 holiday bash

TH Real Estate, Taconic buy 440 Ninth Ave for nearly $270M

TH Real Estate, Taconic buy 440 Ninth Ave for nearly $270M

Peloton finalizes lease for new HQ at Hudson Commons

Peloton finalizes lease for new HQ at
Hudson Commons

Moinian lands $140M refi for FiDi resi tower

Moinian lands $140M refi for FiDi resi tower

Knotel adds five new Manhattan locations

Knotel adds five new Manhattan locations

Moinian Group is taking full ownership of 3 Columbus Circle

Moinian Group is taking full ownership of
3 Columbus Circle

arrow_forward_ios