SL Green recently celebrated the commencement of construction at One Madison Avenue, a new 1.4-million-square-foot office building in the Flatiron District. The project entails the expansion and redevelopment of an existing 13-story structure into a 27-story Class A office building.
Permits have been filed for a 31-story hotel high rise at 32 West 48 Street in Midtown‘s Diamond District. Located between Rockefeller Plaza and Sixth Avenue, the interior lot is half a block east of the 47-50 Streets-Rockefeller Center subway station, serviced by the B, D, F, and M trains. Extell is listed as the owner behind the applications.
Earlier this week, Fisher Brothers and Rockwell Group announced the completion of a major renovation project at 299 Park Avenue in Midtown East, Manhattan. The $20 million project included the installation of the 60-foot-long Living Canvas, a digital LED display that changes throughout the day and gradually over time.
Façade installation is progressing on the 234-room Margaritaville Resort at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 375-foot-tall tower is now almost fully enclosed in its glass window wall, with just the upper-most floors remaining. The 29-story structure is located at the corner of Seventh Avenue and West 40th Street, one avenue to the east of the Port Authority Bus Terminal. The project is expected to cost around $300 million.
Construction is complete on the expansion and restoration of the former Tammany Hall headquarters at 44 Union Square. The multi-story addition and interior renovations were designed by BKSK Architects and developed by Reading International (RDI) with Edifice Real Estate Partners as the owner’s representative. The project features a prominent geometric space-frame dome atop the 90-year-old structure. CNY Group was in charge of construction for the Union Square site, which sits at the corner of East 17th Street and Park Avenue South. Reading International purchased the historic edifice 18 years ago and received a $57.5 million loan secured by Bank OZK and Fisher Brothers from Lionheart Strategic Management, LLC, an affiliate of Fisher Brothers.