5 Times Square. Photo by Michael Young.

By Michael Young and Matt Pruznick

5 Times Square Begins 1,250-Unit Office-to-Residential Conversion in Midtown, Manhattan

Work is underway on the office-to-residential conversion of 5 Times Square, a 38-story skyscraper in Midtown, Manhattan. Designed by Gensler and developed by RXR Realty, Apollo Global Management, and SL Green, the project will transform the 575-foot-tall structure’s 917,745 square feet of vacant office space into 1,250 rental units. Of this total, 313 will be permanently affordable for residents earning up to 80 percent of area median income (AMI). The property is located along Seventh Avenue between West 41st and 42nd Streets.

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1585 Broadway. Photo by Michael Young.

Morgan Stanley Headquarters Continues Renovations at 1585 Broadway in Times Square, Manhattan

By Michael Young and Matt Pruznick

Renovations are progressing on 1585 Broadway, a 42-story office skyscraper in Times Square, Manhattan. Designed by Gensler, the project involves the re-cladding of the 685-foot-tall structure’s podium and refurbishments to the tower’s 1.3 million square feet of office space. The building was completed in 1990 and serves as Morgan Stanley’s global headquarters. The property is located between West 47th and 48th Streets.

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LPC To Review Proposal For 1130 Grand Concourse In Concourse Village, The Bronx

By Max Gillespie

The New York City Landmarks Preservation Commission (LPC) is set to review a proposal for upgrades to the Carolyn McLaughlin Community Center at 1130 Grand Concourse in Concourse Village, The Bronx. Designed by Matiz Architecture & Design and developed by BronxWorks, the project will involve restorative and accessibility-focused changes to the historic structure. The property is located within the Grand Concourse Historic District at the southeast corner of Grand Concourse and McClellan Street.

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Permits Filed for 348 Bowery in Noho, Manhattan

By Vanessa Londono

Permits have been filed for a 25-story mixed-use building at 348 Bowery in Noho, Manhattan. Also addressed as 56 Great Jones Street, the corner lot is located at intersection of Bowery and Great Jones Street, the lot is near the Broadway–Lafayette subway station, served by the B, D, F, and M trains. John Evans of Lonicera Partners is listed as the owner behind the applications.

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Averne D. Rendering courtesy of FXCollaborative.

Rendering Revealed for First Phase of Averne East Affordable Development in Edgemere, Queens

By Michael Young and Matt Pruznick

A new rendering has been revealed for Arverne East Building D, a ten-story residential building in the first phase of the 116-acre Averne East oceanfront master plan at 116 Beach 36th Street in Edgemere, Queens. Designed by FXCollaborative and developed in a joint venture between L+M, Urbane Development, The Bluestone Organization, Mega Group Development, and Triangle Equities Development Company, the 355,000-square-foot structure will yield 320 apartments. The units will consist of 230 affordable rental apartments and 90 affordable homes for purchase.

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