Articles by Michael Young

18 West 55th Street Tops Out in Midtown, Manhattan

8:00 am on July 9, 2024 By Michael Young

Construction has topped out on 18 West 55th Street, a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, which purchased the property for $83 million in 2017 under the 18 West 55th Street LLC, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The project is located on a formerly vacant interior lot between Fifth and Sixth Avenues, next to the Peninsula Hotel.

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Rolex USA Headquarters Rises Above Street Level at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on July 8, 2024 By Michael Young

Construction is rising on 665 Fifth Avenue, a 469-foot-tall commercial building that will house the US headquarters for Rolex in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. The property is located at the corner of Fifth Avenue and East 53rd Street.

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The Borden Complex Nears Completion at 23-30 Borden Avenue in Long Island City, Queens

8:00 am on July 7, 2024 By Michael Young

Construction is nearing completion on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. The development is located on a large parcel between Borden Avenue and Newton Creek.

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125 West 57th Street’s Curtain Wall Progresses in Midtown, Manhattan

8:00 am on July 5, 2024 By Michael Young

Façade installation is moving along on 125 West 57th Street, a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 420-foot-tall structure will yield 260,000 square feet with 185,000 square feet of full-floor Class A office space, a dedicated amenities floor designed by Gensler, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. The property is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

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New Renderings Released For Riverwalk Heights At 430 Main Street on Roosevelt Island, Manhattan

8:00 am on June 28, 2024 By Michael Young

New renderings have been released for Riverwalk Heights, a 30-story residential building at 430 Main Street on Roosevelt Island. Designed by Handel Architects and developed by Related Companies and The Hudson Companies, the 305-foot-tall structure will span 292,865 square feet and yield 253 market-rate rental apartments in studio to three-bedroom layouts, with 104 units reserved for employees of Memorial Sloan Kettering Cancer Center (MSK) across eight floors, as well as 3,700 square feet of ground-floor office space for the Roosevelt Island Operating Corporation. The building was formerly known as Riverwalk 9 and is the final and tallest component of the Riverwalk master plan, located along Main Street just east of the Riverwalk Commons green lawn.

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