Seaport Residences, 161 Maiden Lane. Photo by Michael Young

Why The Collapse of the Pfizer Conversion Means It’s Time to Address the Leaning Tower of Lower Manhattan at 161 Maiden Lane

The residential conversion of the former Pfizer headquarters at 235 East 42nd Street came to a harrowing halt yesterday morning when two support beams on the 21st story buckled, causing several upper floors to sag. Workers in the 33-story tower were evacuated along with occupants of multiple neighboring buildings after city officials deemed the structure at risk of collapse. In the evening, contractors began installing emergency shoring to prevent further damage to the building.

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‘BKX’ Mixed-Use Redevelopment Announced for Macy’s Building at 422 Fulton Street In Downtown Brooklyn, Brooklyn

Plans have been revealed for BKX, a sprawling retail and entertainment complex planned for the former Macy’s building at 422 Fulton Street in Downtown Brooklyn. Developed by United American Land along with Dreamscape Retail & Entertainment and The Jackson Group, the 440,000-square-foot project will transform the five-story department store into a mixed-use commercial hub designed for flagship retail, immersive entertainment, hospitality, dining, and cultural programming. Dreamscape collaborated with experiential design firm iCrave on the project, including the design of a central atrium that will serve as the property’s primary gathering space.

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Housing Lottery Launches for 163 Willoughby Street in Downtown Brooklyn

The affordable housing lottery has launched for 163 Willoughby Street, a 27-story mixed-use building in Downtown Brooklyn. Developed by the Jay Group and designed by J Frankl Architects, the structure yields 90 residences. Available on NYC Housing Connect are 20 units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $75,669 to $146,560.

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Rendering courtesy of DBOX.

Demolition Underway for 1,414-Foot Supertall at 350 Park Avenue in Midtown East, Manhattan

Demolition has begun at 350 Park Avenue, the site of a 1,414-foot supertall office skyscraper in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the 64-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin’s companies Citadel and Citadel Securities will serve as the anchor tenants, occupying at least 850,000 square feet. The 53,000-square-foot property is located between East 51st and 52nd Streets.

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