Articles by Michael Young and Matt Pruznick

Demolition Nears Completion for PENN15 Supertall at 15 Penn Plaza in Midtown, Manhattan

8:00 am on June 26, 2023 By Michael Young and Matt Pruznick

Demolition is progressing toward street level on the Hotel Pennsylvania, which is being razed to make way for PENN15, a 1,200-foot commercial supertall at 15 Penn Plaza in Midtown, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 56-story skyscraper will yield 2.7 million square feet of office space and will stand as the centerpiece of the massive 7.4-million-square-foot Penn District master plan. Northstar Contracting Group is the demolition contractor for the Hotel Pennsylvania, which is located along Seventh Avenue between West 32nd and 33rd Streets.

Rendering of Six Garfield - Courtesy of V1

Six Garfield Nears Completion at 6 Garfield Place in Park Slope, Brooklyn

7:30 am on June 26, 2023 By Michael Young and Matt Pruznick

Construction is wrapping up on Six Garfield, a 12-story condominium building at 6 Garfield Place in Park Slope, Brooklyn. Designed by DXA Studio and developed by New Empire Real Estate, the structure will yield 33 units in one- to four-bedroom layouts, as well as a suite of amenities. The Aguayo Team at Brown Harris Stevens Development Marketing is leading sales and marketing and New Empire Building is the general contractor for the property, which is located at the corner of Fourth Avenue and Garfield Place.

Silverstein Properties and Parx Casino Reveal The Avenir at 514 Eleventh Avenue in Midtown, Manhattan

8:00 am on June 24, 2023 By Michael Young and Matt Pruznick

A new set of renderings has been revealed for The Avenir, Silverstein Properties and Parx Casino’s bid for a 1.8-million-square-foot hotel, gaming, entertainment, and residential complex at 514 Eleventh Avenue in Midtown, Manhattan. Designed by Steelman Partners and CetraRuddy, the 46-story two-tower complex will yield 1,000 guests rooms, more than 100 affordable housing units reserved for New Yorkers, 12 full-service restaurants, an elevated 1,000-seat performance hall, and an eight-story, 600,000-square-foot podium. The project aims to create 4,000 union construction jobs, over 5,500 permanent union jobs, and billions of dollars in economic development for the state and city. The property, owned by Silverstein since 1984 and alternatively addressed as 520 West 41st Street, spans a full block between West 40th and West 41st Streets and Eleventh and Galvin Avenues, just north of the Jacob K. Javits Center. The plot has sat vacant for the last eight years, and the development team expects the project to be shovel ready upon approval.

Inaugural Season Announced For Perelman Performing Arts Center in Financial District, Manhattan

8:00 am on June 23, 2023 By Michael Young and Matt Pruznick

Finishing touches are underway on the Perelman Performing Arts Center, a 138-foot-tall cubic structure in the 16-acre World Trade Center site in the Financial District. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by The Perelman, the property will feature three performance spaces: the 450-seat John E. Zuccotti Theater, the 250-seat Mike Nichols Theater, and the 99-seat Doris Duke Foundation Theater. The halls can also be combined into a single 950-seat auditorium. The property is bound by Vesey Street to the north, Fulton Street to the south, Greenwich Street to the east, and Skidmore Owings & Merrill‘s One World Trade Center to the west.

Façade Installation Begins on 250 East 83rd Street on Manhattan’s Upper East Side

8:00 am on June 22, 2023 By Michael Young and Matt Pruznick

Façade installation is underway on 250 East 83rd Street, a 31-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will yield 128 residential units with interiors by Lemay_id, as well as ground-floor retail space. Cauldwell Wingate Company is the general contractor for the property, which is located at the corner of Second Avenue and East 83rd Street.

1299 Third Avenue Climbs Above Street Level on Manhattan’s Upper East Side

8:00 am on June 21, 2023 By Michael Young and Matt Pruznick

Construction is rising on 1299 Third Avenue, a 33-story residential tower on Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Elad Group, which purchased the plot for $61 million in April 2022, the 420-foot-tall structure will yield 47 condominium units. Press Builders is the general contractor for the property, which is located between East 74th and East 75th Streets.

262 Fifth Avenue Continues Rapid Ascent in NoMad, Manhattan

8:00 am on June 20, 2023 By Michael Young and Matt Pruznick

Construction is continuing to rise on 262 Fifth Avenue, a 56-story residential skyscraper in NoMad, Manhattan. 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 860-foot-tall structure will yield 26 condominium units averaging 3,200 square feet apiece with at least one becoming a quadruplex. GEA Consulting Engineers is the MEP engineer and CM & Associates Construction Management is the general contractor for the project, which located on a 5,000-square foot property on the southwest corner of Fifth Avenue and West 29th Street.

278 Eighth Avenue’s Brick Façade Progresses in Chelsea, Manhattan

8:00 am on June 19, 2023 By Michael Young and Matt Pruznick

Exterior work is progressing on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.

69 Adams Street’s Façade Takes Shape in DUMBO, Brooklyn

7:30 am on June 19, 2023 By Michael Young and Matt Pruznick

Façade installation is moving along on 69 Adams Street, a 26-story residential building in DUMBO, Brooklyn. Designed by Fariba Makooi of Fischer + Makooi Architects and developed by Rabsky Group, the 280-foot-tall structure will span 258,200 square feet and yield 225 units in studio to two-bedroom layouts, as well as 60 feet of retail frontage, a 25-foot-long rear yard, and 61 parking spaces. Galaxy Developers is the general contractor for the property, which is bound by Front Street to the north, York Street to the south, the elevated Manhattan Bridge roadway to the east, and Adams Street to the west.

Foundations Take Shape for Two-Building Complex at 218 Front Street in Vinegar Hill, Brooklyn

8:00 am on June 17, 2023 By Michael Young and Matt Pruznick

Foundations are taking shape at 218 Front Street, the site of a two-building residential complex in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect and developed and built by Chess Builders, the structures will yield seven stories and 218 rental apartments with 66 affordable housing units, as well as 350 square feet of commercial space and 180 square feet of community space. The site is bound by Front Street to the north and York Street to the south, and was formerly occupied by a one-story industrial warehouse and an open-air lumber yard.

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Articles by Michael Young and Matt Pruznick

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