Articles by Michael Young

The World Trade Center’s Perelman Performing Arts Center Receives $89 Million in Funding

7:30 am on December 17, 2018 By Michael Young

Last week, The Perelman Center received $89 million in funding for the construction of the future Performing Arts Center at the World Trade Center. The funds came from the Lower Manhattan Development Corporation (LMDC), and the U.S. Department of Housing and Urban Development (HUD), and up the total amount of construction costs now covered to 82 percent. The building will be designed by REX Architecture, and will rise 138 feet tall. The inside will be constructed with a steel structural system. It will hold multiple theaters and performance spaces within, while the exterior will be faced in a signature marble envelope on all four sides.

125 Greenwich Street Closing In On Final Floors Above The Financial District

8:00 am on December 16, 2018 By Michael Young

125 Greenwich Street shot up with great speed in 2018, and is the 16th-tallest skyscraper under construction in New York City. Now, it has only a few floors remaining before its 912-foot pinnacle is reached above the Financial District. The 88-story tower is being designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, while the marketing of the 273 residential units is being handled by Douglas Elliman. Interiors are being designed by March & White.

941-Foot-Tall Tower Proposed as Rezoning Effort Begins for 625 Fulton Street in Downtown Brooklyn

7:30 am on December 16, 2018 By Michael Young

One of Brooklyn’s largest new developments has been proposed along Flatbush Avenue, at 625 Fulton Street, which could rise 941 feet to its rooftop. The site is a large trapezoidal piece of land just steps away from JDS Development’s 9 DeKalb Avenue. A major rezoning plan has been put forth that could potentially bring close to 1,800,000 gross square feet of mixed-use development to the nearly 89,000 square foot property, measuring about two acres in size. The site is bounded by Fulton Street to the south, Hudson Avenue to the west, DeKalb Avenue to the north, and Rockwell Place to the east.

Norman Foster’s 425 Park Avenue Officially Tops Out 897 Feet Atop Midtown East, Manhattan

8:00 am on December 15, 2018 By Michael Young

425 Park Avenue held its official topping-out ceremony on December 3, 2018. Its architect Lord Norman Foster, head of Foster + Partners, along with several keynote speakers including David Levinson of L&L Holding Company LLC and Masaoki Kanematsu of Tokyu Land Corporation spoke at the reception, held on the 20th floor of the the building’s first and largest tiered setback. The 41-story, 897-foot tall building is the 17th-tallest building under construction in New York City, and has grown out of the old remains of the original structure that formerly stood on site. The un-demolished section is being repurposed as part of Midtown’s first new full-block office skyscraper in over 50 years. The tower is being developed by L&L Holding Company LLC while Adamson Associates is the architect of record.

Full Completion Looms for One Manhattan Square on the Lower East Side

8:00 am on December 14, 2018 By Michael Young

Almost impossible to miss when looking at the Manhattan Bridge from the Brooklyn Bridge, Chinatown, the Lower East Side, or almost anywhere else in the city, One Manhattan Square rises 847 feet into the sky, and is the 18th-tallest skyscraper under construction in New York City. With its reflective chevron window pattern on the north and south elevations, the glass residential building holds 1,260,000 square feet of space with 25,516 square feet of retail space on the ground floor. It was designed by Adamson Associates, and is being developed and marketed by Extell.

Pelli Clarke Pelli-Designed 138 East 50th Street Nears Full Completion in Midtown East, Manhattan

8:00 am on December 13, 2018 By Michael Young

Topping out just over a year ago, 138 East 50th Street is now the 19th-tallest skyscraper under construction in New York City. Standing 803 feet to its rooftop, the project is being designed by Pelli Clarke-Pelli and developed by Ceruzzi Properties, while SLCE Architects is the architect of record. Inside, there are 124 condominiums spread among 63 floors, covering a total scope of over 253,000 square feet. Each unit will average around 1,700 square feet. The site is located between Third and Lexington Avenue, in Midtown East.

Sir David Adjaye’s First New York Skyscraper Continues Rising Over the Financial District at 130 William Street

8:00 am on December 12, 2018 By Michael Young

Visible from the Brooklyn Bridge and starting to pop up over its surrounding context, 130 William Street, designed by Sir David Adjaye of Adjaye Associates, is making an early impact on the Lower Manhattan skyline. The future 800-foot-tall and 66-story residential tower will have 244 units when completed. Hill West Architects is the architect of record while Lightstone Group is the developer, and Corcoran Sunshine is in charge of handling sales. 130 William Street is also referred to as the “Wall Street Tower,” and with an eventual 800-foot pinnacle, it is currently the 20th-tallest tower under construction in the Five Boroughs. At topping-out, it will stand eight feet above the Woolworth Building, and six feet shorter than Bloomberg Tower.

Robert A. M. Stern’s 520 Park Avenue Nearly Complete on the Upper East Side

8:00 am on December 11, 2018 By Michael Young

Situated to the east of the Sherry Netherland, between Madison Avenue and Park Avenue, 520 Park Avenue, aka 45 East 60th Street, is now receiving its finishing touches. The 64-story and 781-foot-tall residential tower was designed by Robert A. M. Stern Architects, and contains 33 condominiums across nearly 178,000 square feet, averaging around 5,400 square feet apiece. The site sits in Lenox Hill on the Upper East Side, along East 60th Street. Zeckendorf Development, Park Sixty LLC, and Global Holdings Inc. are the developers while SLCE Architects serves as the architect of record. The skyscraper is the 21st-tallest tower currently under construction across the Five Boroughs, and the tallest on the Upper East Side.

Work Fully Wraps for 412 West 15th Street in Chelsea

7:00 am on December 11, 2018 By Michael Young

Standing across the street from Chelsea Market is a new 270-foot, 18-story office building spanning 130,000 square feet, designed by CetraRuddy Architecture and developed by Rockpoint Group and Atlas Capital. 412 West 15th Street stands between Ninth and Tenth Avenue above the Meatpacking District in Chelsea, with a tall glass facade and dark metal panels featuring textured geometric panels. The project is also connected to two landmarked buildings along West 14th Street that have a combined square footage of around 85,000 square feet.

Final Touches Underway for Related’s 55 Hudson Yards, Designed by Kohn Pedersen Fox

8:00 am on December 10, 2018 By Michael Young

Enclosed in a grid of dark, two-story tall square and rectangular windows with rounded corners, 55 Hudson Yards is the second office tower to be completed and the shortest skyscraper of Phase I at Hudson Yards. Rising 780 feet and 51 stories tall, it is designed by Kohn Pedersen Fox and developed by Related Companies and Oxford Properties Group Inc. Despite relative diminution of height within Hudson Yards itself, the building is the 21st-tallest tower with work still ongoing in the Five Boroughs, and by today’s rapidly changing rankings, 55 Hudson Yards is the 74th tallest building in the entire country, standing the same height as the iconic Bank of America Center in Houston, Texas.

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Articles by Michael Young

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