Marx Realty has announced an extensive renovation project at 545 Madison Avenue to modernize the Midtown office building. The scope of work includes an overhaul of the lobby, creation of pre-built tenant suites on the third and 14th floors, and the construction of 5,000 square feet of new amenity spaces. According to representatives from the company, total construction costs for the project hover around $24 million and represent the growing demand for offices with hospitality-oriented amenities.
Façade work is nearing completion on the Virgin Hotel at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 38-story, 476-foot-tall structure will yield 300,000 square feet with 460 hotel rooms. Sir Richard Branson of Virgin Group will be in charge of managing the property, which is the first Virgin Hotel in New York City.
Progress on the NoMad Ritz Carlton Hotel is soon going to reach its pinnacle. Located at 1185 Broadway at the northern intersection of West 28th Street and Broadway, the superstructure will culminate 580 feet above Midtown, yielding 150,000 square feet and 250 guest rooms. The 40-story skyscraper is designed by Rafael Vinoly and developed by Marriott, Ritz Carlton Hotels, and Flag Luxury Properties. The interiors are being designed by Yabu Pushelberg.
Construction has reached street level at 7-9 East 30th Street, a 227-foot-tall residential building from SWA Architecture in NoMad. Developed by Castellan Real Estate Partners, the 23-story structure will span 41,992 square feet, yielding 54 residences and 2,142 square feet of ground-level retail.
Construction is above street level at 76 Eighth Avenue, a ten-story office building from Gene Kaufman Architect in Greenwich Village. Developed by Sang Lee, Noviprop, and Plus Development, the 120-foot-tall project will yield 30,000 square feet of office space and ground-floor retail.