What's happening in your backyard? YIMBY AM delivers the day's top five new development stories to your inbox every weekday morning.

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What's happening in your backyard? YIMBY AM delivers the day's top five new development stories to your inbox every weekday morning.

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Midtown South


25 West 38th Street

27-Story Boutique Hotel Planned for 25 West 38th Street, Midtown South

The Real Deal has the latest on Fortuna Realty Group’s planned 27-story, 180-key boutique hotel to span 25-27 West 38th Street, in Midtown South. Starwood Hotels & Resorts is co-developing with Fortuna, and The Aloft New York Midtown is expected to open for business in October 2017; Nobutaka Ashihara Architects and VLDG are designing. The existing five- and eight-story buildings passed pre-demolition inspection in late April.




855 6th Avenue

Nike Leases Office Space at Durst’s 855 6th Avenue, in Midtown

Crain’s Business reports Nike has leased 147,000 square feet of office space at the Durst Organization’s 42-story, 570,000 square-foot mixed-use building at 855 6th Avenue, in Midtown South. The third through sixth floors will by occupied by Nike, and their lease will include the 15,000 square-foot outdoor deck. The building was revealed by YIMBY in 2014, and completion is expected in early 2016.


281 5th Avenue

51-Story Luxury Residential Tower at 281 Fifth Avenue to Break Ground by 2016

Lend Lease has purchased a stake at Victor Group’s planned residential development at 281 5th Avenue, in Midtown South, according to Crain’s Business. First brought to you by YIMBY last December, a 51-story, 140-unit mixed-use tower – to span 250,000 square feet and stand 750 feet — is planned for the 30th Street site. Although the size of Lend Lease’s stake is unknown, the project will total $400 million, and ground breaking is expected this year. Multiple existing low-rise structure must first be demolished, and the final design has not yet been revealed.





855 Sixth Avenue

Revealed: 855 Sixth Avenue

YIMBY has the first full reveal for Durst’s 855 Sixth Avenue, where Cook + Fox is the design architect; on-site renderings have been up for quite some time, but until now, the actual tower’s appearance was hidden….

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