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

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Office


30-02 48th Avenue

Office Conversion Of Three-Story Warehouse At 30-02 48th Avenue, Long Island City

The Brickman Group and investor Daniel Loeb are planning to convert the three-story, 150,000 square-foot warehouse into offices at 30-02 48th Avenue, in the Hunters Point section of Long Island City. According to Crain’s, the building near the Hunters Point Avenue 7 train stop will undergo a top-down renovation, featuring a new lobby and roof deck, designed by Fogarty Finger. Brickman acquired the the property in 2013 for $21 million.



880 Bergen Avenue

Eight-Story Building At 880 Bergen Avenue Slated For Residential Conversion, Journal Square

The eight-story, 45,000 square-foot mixed-use office building at 880 Bergen Avenue, in Jersey City’s Journal Square, has been purchased for $5.6 million by Bergen Academy Associates. The art deco building is slated for a residential conversion by the new owners, although it’s not known if the ground-floor commercial-retail will remain. GRID Real Estate and CBRE marketed the property.



111 Sylvan Avenue

LG Planning Five-Story, 360,000 Square-Foot Office Building At 111 Sylvan Avenue, Englewood Cliffs

LG Electronics USA has revised plans for their new North American headquarters building at 111 Sylvan Avenue, in southern Englewood Cliffs, just north of the GWB in New Jersey. The 360,000 square-foot building will stand five stories or nearly 70 feet tall, according to The New York Times. The new building was previously proposed to rise 143 feet at the site, formerly home to a single-story office structure, now demolished. Completion is expected by 2019, and Saratoga Associates is designing.


Two World Trade Center, image from Silverstein Properties

Design Changes at 175 Greenwich Street, aka 3 World Trade Center

Construction is finally moving ahead at 175 Greenwich Street, aka 3 World Trade Center, which will be the third tallest building in the complex. But with momentum picking up across the entire site, and 200 Greenwich Street set to rise thanks to a redesign by Bjarke Ingels/BIG, 175 Greenwich Street has also seen some design changes, and 3 World Trade Center has now lost its spires in favor of a more streamlined roof.

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The new World Trade Center, image from Silverstein Properties

Interview: Bjarke Ingels on New Design for 200 Greenwich Street, aka Two World Trade Center

YIMBY sat down with Bjarke Ingels to talk about his firm’s design for 200 Greenwich Street, aka Two World Trade Center. Despite public outcry following the change from the Norman Foster version of the tower, BIG’s innovative and forward-thinking building will truly respond to the human needs of its tenants, while also punctuating the Downtown skyline with a 1,340-foot take on a classic ziggurat. We’ve also obtained a few additional renderings of the soon-to-be icon’s impact on the cityscape.

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55 Hudson Yards

First Lease Signed At 55 Hudson Yards, 51-Story, 780-Foot-Tall Office Building

The law firm Boies, Schiller & Flexner has signed a lease for 83,000 square feet at 55 Hudson Yards, a 51-story, 1.3 million square-foot office building in the works on the Far West Side. According to The Wall Street Journal, who first broke the news, the lease is the tower’s first. In March, YIMBY brought you news of excavation work beginning, and currently, foundation work is underway. Related, Mitsui Fudosan America, and Oxford Properties Group are developing, and opening is slated for 2018.


425 Park Avenue

Planned 47-Story Office Building At 425 Park Avenue Receives Financing, Midtown East

L&L Holdings and GreenOak Real Estate have landed a $556 million construction loan for their 47-story, 893-foot-tall office building planned at 425 Park Avenue, in Midtown East. The developers are expanding the existing 32-story building office building to accommodate 670,000 square feet of modern office space. Partial demolition begins this month, and the building is scheduled to open in 2018.