Midtown

Work Wrapping Up on Pestana Hotel at 338 West 39th Street in Midtown

YIMBY last did an article on 338 West 39th Street back in August 2015. Sam Chang, a well-known hotelier in New York City, purchased the 50-foot-wide site for $22,500,000, though permits list Brarone Management as the developer behind the address. Stephen B. Jacobs Group is the designer of the 25-story hotel part of Pestana Hotels, a Portugal-base company. The site is located in Midtown, Manhattan between Eight and Ninth Avenues near a number of other hotel chains that have popped up in the past several years.

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Tishman Speyer Confirms 530,000-Square-Foot Lease at The Spiral in Hudson Yards

Developer Tishman Speyer and Debevoise & Plimpton LLP have finalized negotiations for a massive 530,000-square-foot office at 66 Hudson Boulevard, aka The Spiral. The global law firm expects to relocate its headquarters from 919 Third Avenue in the second half of 2022. With this latest transaction, Tishman Speyer has now successfully pre-leased 54 percent of the building.

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New York YIMBY’s 2020 Construction Report Shows 36,467 New Residential Unit Filings, A 7.1% Jump

YIMBY’s 2019 New Building Report, released this time last year, showed a major jump in applications from 2017 into 2018, with new residential units filed with the Department of Buildings rising from 20,393 to 34,039. YIMBY’s 2020 New Construction Report shows that citywide gains continued into 2019, with total units filed increasing to 36,467, a jump of 2,428 or 7.1%. The full report is available in spreadsheet format at the link for $199.

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