Articles by Michael Young

Demolition Begins for Rolex Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on April 7, 2022 By Michael Young

Demolition has begun on 665 Fifth Avenue, where Rolex is replacing its former 12-story International Style headquarters with a modern 21-story tower in Midtown. Designed by David Chipperfield Architects and developed by Rolex Realty Company LLC, the new building will feature office space and retail frontage. Howard I. Shapiro & Associates filed permits last summer for the project, which is located on an 11,050-square-foot parcel at the intersection of Fifth Avenue and East 53rd Street.

The XI Prepares to Resume Construction at 76 Eleventh Avenue in Chelsea, Manhattan

8:00 am on April 6, 2022 By Michael Young

Construction is set to resume on The XI, with a revised completion date of “Winter 2024” posted for the stalled two-tower mixed-use project at 76 Eleventh Avenue in Chelsea. Designed by Bjarke Ingels Group and developed by 76 Eleventh Avenue Property Owner LLC, the twisting 26- and 36-story structures have stood topped out and unfinished since late 2019, when reports of trouble began to surface about the former developer, HFZ Capital Group. In late 2021, Steve Witkoff purchased the property in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital, and it now appears that the project is back on track, with an updated board at the property listing Suffolk Construction Corporation as the new general contractor, replacing Omnibuild. The full-block site is located adjacent to the High Line and is bound by Tenth Avenue to the east, West Street to the west, West 17th Street to the south, and West 18th Street to the north.

125 West End Avenue’s New Curtain Wall Nears Completion on Manhattan’s Upper West Side

8:00 am on April 5, 2022 By Michael Young

Façade work is nearing completion on 125 West End Avenue, an eight-story building on Manhattan’s Upper West Side. Designed by Taconic Partners, Jaros, Baum & Bolles (JB&B), and Perkins+Will, the project involves the re-cladding and interior renovation of the 400,000-square-foot structure into a life sciences and research laboratory. The 3.4-acre complex was originally constructed as an automotive facility for the Chrysler Motor Company and was later occupied by Walt Disney/ABC broadcasting company, but had sat vacant since early 2021. Taconic and Nuveen Real Estate purchased the building for $230 million in late 2019, and CBRE is in charge of marketing and leasing the commercial space. JRM Construction Management, LLC is the general contractor for the project, which sits at the corner of West 66th Street and West End Avenue, a very short walk from Riverside Park South.

Excavation Continues for 262 Fifth Avenue Supertall in NoMad, Manhattan

7:30 am on April 4, 2022 By Michael Young

Excavation is continuing at 262 Fifth Avenue, the site of a 1,043-foot residential supertall skyscraper in NoMad. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project, LLC, the 60-story tower will yield 41 residential units spread across 139,168 square feet and 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management, LLC is the general contractor for the property, which is located at the corner of Fifth Avenue and West 29th Street.

Foundations Underway at 308 West 43rd Street in Midtown, Manhattan

7:00 am on April 4, 2022 By Michael Young

Foundation work has begun at 308 West 43rd Street, the site of a two-building residential development in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot project will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space on the lower floors. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.

Gansevoort Peninsula Park Progresses Along West Village Waterfront, Manhattan

8:00 am on April 3, 2022 By Michael Young

Construction is progressing on Gansevoort Peninsula Park, a new 5.5-acre public recreational space on the Hudson River waterfront in the West Village. Designed by James Corner Field Operations, which was commissioned by the Hudson River Park Trust in January 2019, the upcoming green space is located next to Pier 53 directly across from the Whitney Museum of American Art, and will feature Manhattan’s first public beach.

H Hotel W39 Nears Halfway Mark at 58 West 39th Street in Midtown, Manhattan

7:30 am on April 3, 2022 By Michael Young

Construction is nearing the halfway mark on H Hotel W39, a 28-story hotel tower at 58 West 39th Street in Midtown. Designed by Peter F. Poon Architects and developed by Wei Hong Hu of H Hotel LLC, the 447-foot-tall structure will yield 65 rooms spread over 41,500 square feet along with meeting rooms and a fitness center. City Cross Construction Corp. is the general contractor for the property, which is located on a narrow plot between Fifth and Sixth Avenues, just one block below Bryant Park.

Anish Kapoor’s Bean Sculpture Nears Completion at 56 Leonard Street in Tribeca, Manhattan

8:00 am on April 2, 2022 By Michael Young

Work is nearly complete on Anish Kapoor’s reflective “bean” sculpture at the base of 56 Leonard Street, an 831-foot-tall residential skyscraper in Tribeca. The work sits directly outside the main lobby of the tower, which was designed by Herzog & de Meuron and Hill West Architects and opened in 2017.

Exterior Work Wraps Up on The Leyton at 1059 Third Avenue on Manhattan’s Upper East Side

8:00 am on April 1, 2022 By Michael Young

Work is nearly complete on The Leyton, a 30-story residential tower at 1059 Third Avenue on Manhattan’s Upper East Side. Designed by Manuel Glas Architects and developed by Dart Interests and Real Estate Inverlad, the 481-foot-tall, 127,000-square-foot structure will yield 38 residences with sales and marketing led by Brown Harris Stevens Development Marketing. Frampton Co. and Champalimaud Design are in charge of the interior design for the condominiums, which include ten full-floor homes and one duplex penthouse. 1059 Third Avenue rises by the intersection of Third Avenue and East 63rd Street.

The Benson Completes Construction at 1045 Madison Avenue on Manhattan’s Upper East Side

8:00 am on March 31, 2022 By Michael Young

Exterior work is complete on The Benson, an 18-story condominium building at 1045 Madison Avenue in the Carnegie Hill section of the Upper East Side. Designed by Peter Pennoyer and developed by The Naftali Group, the 210-foot-tall structure will yield 16 residential units spread across 59,032 square feet, as well as 3,993 square feet of ground-floor retail space. The majority of the units feature full-floor layouts, and three penthouses are positioned on the upper levels. Leeding Builders Group is the general contractor of the property, which is located between East 79th and East 80th Streets, a short walk from Central Park.

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Articles by Michael Young

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