Demolition work is ramping up for PENN 15, a 56-story, 1,200-foot commercial supertall at 15 Penn Plaza in Midtown, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 2.7 million-square-foot tower will replace the aging Hotel Pennsylvania and stand as the tallest component in the 7.4 million-square-foot Penn District master plan. 401 Hotel Reit is the owner and Northstar Contracting Group is the demolition contractor for the property, which is bound by Seventh Avenue to the west, West 32nd Street to the south, and West 33rd Street to the north.
Foundation work is almost complete at 312 West 43rd Street, the site of a two-building residential development in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot project comprises a 33-story tower and seven-story extension with a shared podium. The complex will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space on the lower floors. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.
Exterior work is nearing completion on 231 East 51st Street, a five-story commercial office building in the Midtown East neighborhood of Turtle Bay. The 3,682-square-foot lot was once home to a prewar five-story structure that served as the Consulate of the Republic of Singapore. The property was sold to Texas-based travel firm Frosch in December 2017 for $22.05 million. Clune Construction is the general contractor for the project, which is located between Second and Third Avenues.
After two-and-a-half decades, the MTA’s East Side Access Project to connect the Long Island Railroad (LIRR) and Grand Central Terminals will finally come to fruition. The 700,000-square-foot station and crosstown connection will debut as Grand Central Madison.
Exterior work is progressing on The Edison Gramercy, a 13-story residential building at 250 East 21st Street in Gramercy, Manhattan. Designed by Isaac & Stern Architects and developed by Urban Development Partners and SD Second Avenue Property, the structure will yield 54 boutique homes that range from one to four-bedroom layouts and start at approximately $1,200,000 to over $6 million. Interiors are being designed by Paris Forino and sales and marketing are led by Douglas Elliman Development Marketing‘s Eklund Gomes Team. Ross Associates is the general contractor for the property, which is located at the corner of East 21st Street and Second Avenue.