Articles by Michael Young and Matt Pruznick

Work Remains Stalled on KPF-Designed Skyscraper at 3 West 29th Street in NoMad, Manhattan

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

At number five on our Turkey Week rundown of stalled and on-hold projects is 3 West 29th Street, a planned 34-story skyscraper in NoMad. Originally designed by Bjarke Ingels Group and developed by HFZ Capital Group, the 551-foot-tall structure, dubbed “29th & 5th,” was expected to yield 600,000 square feet of office space, but work shut down after HFZ defaulted on the project. Vanbarton Group purchased the development in the ensuing foreclosure sale and retained Kohn Pedersen Fox to redesign the building, but progress has yet to materialize. The through-block property is located between Fifth and Sixth Avenues adjacent to Marble Collegiate Church, and extends north to West 30th Street.

540 West 21st Street Remains Stalled in Chelsea, Manhattan

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

The fourth entry on our Turkey Week rundown of stalled projects is 540 West 21st Street, a 20-story mixed-use building in Chelsea, Manhattan. Designed by Adamson Associates and originally developed by Casco Development Corp. under the 540 West 21st Street LLC, the 250-foot-tall structure was planned to yield 34 condominium units with an average scope of 3,370 square feet, as well as 43,510 square feet of commercial space. Suffolk Construction Company was the contractor for the project, which is located at the corner of West 21st Street and Eleventh Avenue, directly across from Hudson River Park.

JPMorgan Celebrates the Topping Out of its Supertall Headquarters at 270 Park Avenue in Midtown East, Manhattan

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

Construction has structurally topped out on 270 Park Avenue, JPMorgan Chase‘s 1,388-foot supertall headquarters in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and is the tallest project currently underway in New York. AECOM Tishman is the general contractor for the property, which spans a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

David Adjaye’s Affirmation Tower Remains on Hold at 418 Eleventh Avenue in Hudson Yards, Manhattan

7:30 am on November 21, 2023 By Michael Young and Matt Pruznick

The third entry in our Turkey Week rundown of stalled and on-hold construction projects in New York City is Affirmation Tower, a 1,663-foot mixed-use supertall at 418 Eleventh Avenue, just north of Related Companies‘ first phase of Hudson Yards. Designed by Sir David Adjaye of Adjaye Associates and developed in collaboration between Cheryl McKissack Daniel of McKissack & McKissack, The Peebles Corporation, Exact Capital Group, and the Witkoff Group, the 2-million-square-foot structure would easily wrest the title of tallest building in New York by roof height from Extell’s Central Park Tower, surpassing its parapet by more than 100 feet. The development’s 1.2-acre plot, dubbed “Site K,” was also the site selected for the long-stale Hudson Spire proposal, and is bound by West 36th Street to the north, West 35th Street to the south, Eleventh Avenue to the east, and Hudson Boulevard to the west.

Seaport Residences Remains Indefinitely Stalled at 161 Maiden Lane in Financial District, Manhattan

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

Leading off our Turkey Week rundown of prominent stalled projects in New York City is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane along the border of Lower Manhattan’s Financial District and the South Street Seaport District. Designed by Hill West Architects and developed by Fortis Property Group, the slender 670-foot-tall tower, originally dubbed One Seaport, was planned to span 200,000 square feet and yield 80 condominium units with interiors by Groves & Co. Ray Builders was the last general contractor to work on the beleaguered project, which stands on a narrow site bound by South Street and Maiden Lane, directly across from the FDR Drive and the East River.

Three Hudson Boulevard Remains Stalled in Hudson Yards, Manhattan

7:30 am on November 20, 2023 By Michael Young and Matt Pruznick

Continuing our Turkey Week rundown of on-hold projects in New York City is Three Hudson Boulevard, a planned 56-story office skyscraper in the Hudson Yards district. Designed by FXCollaborative and developed by Boston Properties and The Moinian Group, the $3 billion project was planned to rise 940 feet tall and yield 1.86 million square feet of office space, but has been stalled since early 2020. The property occupies a full city block bound by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.

Two-Building Development Tops Out at 218 Front Street in Vinegar Hill, Brooklyn

8:00 am on November 18, 2023 By Michael Young and Matt Pruznick

Construction tops out on 218 Front Street, a seven-story two-building residential complex in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect and developed and built by Chess Builders, the ground-up project will yield 218 rental apartments with 66 affordable housing units, as well as 350 square feet of commercial space and 180 square feet of community space on the ground floor. The large interior lot is bound by Front Street to the north and York Street to the south, and was formerly occupied by a one-story industrial warehouse with an open-air lumber yard.

New Rendering Revealed For 252-260 East 72nd Street on Manhattan’s Upper East Side

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

A new rendering has been revealed for 252-260 East 72nd Street, a forthcoming 21-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Developed by Chetrit Group, the 150,000-square-foot project will yield 54 condominium units and 5,700 square feet of retail space, along with an adjacent five-story annex containing four affordable housing units. The 14,000-square-foot plot is also addressed as 1357 Second Avenue and was formerly occupied by St. John The Martyr Church along with several old low-rise structures, and is located at the corner of Second Avenue and East 72nd Street, with a narrow panhandle that stretches south to East 71st Street.

201-207 7th Avenue - Amie Gross Architects

Foundations Underway at 201-207 Seventh Avenue in Chelsea, Manhattan

8:00 am on November 16, 2023 By Michael Young and Matt Pruznick

Foundations are progressing at 201-207 Seventh Avenue, the site of a nine-story residential building in Chelsea, Manhattan. Designed by Amie Gross Architects and developed by New York City’s Department of Housing Preservation and Development under the Chelsea HDFC, the 85-foot-tall structure will span 30,859 square feet and yield 26 affordable co-op units in studio to three-bedroom layouts, as well as 1,828 square feet of retail space divided among three tenants. A.A.D. Construction Corp. is the general contractor for the property, which is alternately addressed as 170 West 22nd Street and located at the southeast corner of Seventh Avenue and West 22nd Street.

Excavation Underway for 1 Putnam Avenue in Clinton Hill, Brooklyn

8:00 am on November 15, 2023 By Michael Young and Matt Pruznick

Construction is underway at 1 Putnam Avenue, the site of an eight-story mixed-use building in Clinton Hill, Brooklyn. Designed by RSLN Architecture and developed by Abeco Organization, the 84-foot-tall structure will span 40,364 square feet and yield 41 rental units with an average scope of 804 square feet, as well as 7,370 square feet of commercial space, a cellar level, and one enclosed parking space. Fenimore Plaza LLC is listed as the owner and Abeco Construction LLC is the general contractor for the project, which is located to the north of Putnam Triangle between Grand Avenue to the east and Cambridge Place to the west.

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Articles by Michael Young and Matt Pruznick

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