George Comfort & Sons, on behalf of 575 Lexington Avenue owners, has secured a 300,000-square-foot lease with Weill Cornell Medicine in Midtown East as part of a 30-year agreement.
The Soloviev Group has announced the inclusion of 513 affordable housing units within the proposed Freedom Plaza in Manhattan, significantly contributing to the city’s inclusionary housing efforts. Located from 38th to 41st Streets east of First Avenue and covering over six acres in Midtown East, the ambitious mixed-use development was already slated to feature 4.77 acres of green space, a museum, shopping and restaurants, and a hotel. Now with the inclusion of the affordable units, it also stands to be one of Manhattan’s largest inclusionary housing initiatives in more than a decade.
The Soloviev Foundation will soon debut “Field of Light,” a six-acre immersive installation along the waterfront edge of Murray Hill, Manhattan. Designed by acclaimed artist Bruce Munro, the installation will take shape at Freedom Plaza, an undeveloped parcel of land along the East River from 38th to 41st Streets.
FOUND Study, a provider of affordable student and intern housing, now operates one of largest hotel-to-residential conversion projects in Manhattan history. Located at 525 Lexington Avenue in Turtle Bay, the landmarked building was completed in 1923 and is designed by Empire State Building architect Arthur Loomis Harmon.
Construction and steelwork has begun on the fourth tier of JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. AECOM Tishman is the general contractor for the full-block property, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.