711 Seventh Avenue Approaches Topping Out in Times Square, Manhattan

Construction is nearing topping out on 711 Seventh Avenue, a 32-story hotel tower in Times Square. Designed by Gene Kaufman Architect and developed in a joint venture between general contractor Flintlock Construction Services and Atlas Hospitality under the 711 Seventh Hotel Associates LLC, the 343-foot-tall structure will yield 400 guest rooms under IHG Hotel & Resorts’ VOCO brand. The property is alternately addressed as 170 West 48th Street and is rising on an L-shaped parcel with frontage along Seventh Avenue and West 48th Street.

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Photograph of 580 Broadway, courtesy of Great Ink Media Relations

580 Broadway Closes On Refinancing Deal In Soho, Manhattan

IPA Capital Markets, a division of Marcus & Millichap, announced the refinancing of 580 Broadway, a 12-story Class A office and retail property located in Soho, Manhattan. The refinancing package totaled $50 million. The building was constructed in 1900 and is located between Houston and Prince Streets. Maxi Capital Group, Sabal Investment Holdings, and GDSNY provided the $50 million office loan for the project.

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1026 Third Avenue Nears Topping Out on Manhattan’s Upper East Side

Construction is nearing topping out on 1026 Third Avenue, a 24-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Ismael Leyva Architects and developed by Kahen Properties, which purchased the assemblage of three adjacent properties for $34 million in July 2022, the 273-foot-tall structure will span 100,000 square feet and yield 81 rental units with an average scope of 1,200 square feet, as well as ground-floor retail space, a fitness center, and a top-floor banquet space. Third North Holdings LLC is listed the owner of the property, which is located between East 60th and East 61st Streets.

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