Construction is moving along at 685 First Avenue, as it nears completion in Murray Hill, Manhattan. The 42-story tower has officially launched sales ahead of its anticipated opening later this year, or early next.
The Riff Hotel in Chelsea has been sold for $27.5 million, and developers hope to build a new 12-story mixed-use building in its place. The site is a block away from Penn Station with access to subways, the LIRR, and Amtrak. Eastern Star Development purchased the site from Salt Equities.
Central Park Tower is finally starting to stick out in Manhattan’s skyline. The building, located at 217 West 57th Street, has been obscured up until now by its immediate neighbor and the near-supertall tower, 220 Central Park South. Most significant to this update is CPT is finally reaching supertall status, i.e. 984 feet (300m) above ground. Extell Development Company and the Shanghai Municipal Investment Group are behind the project.
Margaritaville is suddenly going to be substantially more accessible to New Yorkers. An eponymous holding company has announced they will open a branded “Margaritaville” hotel at 560 Seventh Avenue, on 7th Avenue and 40th Street, in Times Square, Manhattan. The plan is to build a 29-story hotel with retail space, a three-story restaurant, pool, and rooftop LandShark Bar. Sharif El-Gamal’s Soho Properties is responsible for the development, partnering with the non-union Chip, Andrew Weiss, and MHP Real Estate Services.
Construction of the supertall office building One Manhattan West in Midtown has made rapid progress since our last reporting in October. The project has reached a few milestones while under the radar, including the superstructure finally stretching above its immediate neighbor, Three Manhattan West. The steel massing is 22 floors below the superstructure, and the curtain wall façade, which just began installation last October, is now 19 floors below the steel. The ballooning steel envelope is now significantly above its immediate neighbors, with the curtain wall starting to reach the same threshold. Skidmore, Owings, & Merrill LLP are responsible for the design.