Midtown

Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Announces Proposal To Lift Floor-To-Area Ratio For New Developments

7:00 am on April 7, 2024 By Max Gillespie

Mayor Eric Adams has announced a new initiative within the “City of Yes for Housing Opportunity” proposal that seeks to generate tens of thousands of affordable homes in New York City. The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones. The proposal is seeking to lift the floor-to-area-ratio cap in these areas, such as in Midtown, Manhattan.

270 Park Avenue’s Exterior Continues to Progress in Midtown East, Manhattan

8:00 am on April 4, 2024 By Michael Young and Matt Pruznick

Exterior work is continuing on JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamson Associates as the architect of record and developed by Tishman Speyer, the topped-out 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. AECOM Tishman is the general contractor for the project, which occupies a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

439 West 36th Street Readies for Excavation in Hudson Yards, Manhattan

8:00 am on March 31, 2024 By Michael Young and Matt Pruznick

Excavation is set to begin at 439 West 36th Street, the site of a 12-story residential building in Hudson Yards, Manhattan. Designed by Archimaera Architecture and developed and built by ZD Jasper Realty under the ZDJ 36LLC, the 120-foot-tall structure will span 48,138 square feet and yield 52 units, recreation space on the roof and in the cellar level, a below-grade community facility, and ground-floor commercial space. The project is being financed by Johnny Su of Real Estate Capital of America (RECAP) and is located on a 75-foot-wide interior lot between Dyer Avenue to the east and Tenth Avenue to the west.

Revised Design Revealed for Affirmation Tower At 418 11th Avenue in Hudson Yards, Manhattan

8:00 am on March 25, 2024 By Michael Young and Matt Pruznick

Renderings have been revealed for a redesign of Affirmation Tower, a proposed mixed-use supertall skyscraper at 418 Eleventh Avenue in Hudson Yards. The development team of The Peebles Corporation, McKissack & McKissack, Exact Capital Group, and the Witkoff Group has brought on OMA to redesign the 1.4-million-square-foot structure, which is planned to yield mixed-income apartments, a convention center, retail space, community facilities, a public observation deck, and The National Civil Rights Museum as part of a collaboration with the NAACP. The project would rise from a 1.2-acre plot dubbed “Site K” bound by Eleventh Avenue, Hudson Boulevard West, and West 35th and 36th Streets.

711 Seventh Avenue Hotel Tower Begins Ascent in Times Square, Manhattan

8:00 am on March 24, 2024 By Michael Young and Matt Pruznick

Construction is rising on 711 Seventh Avenue, a 32-story hotel tower in Times Square. Designed by Gene Kaufman Architect and developed in a joint venture between general contractor Flintlock Construction Services and Atlas Hospitality under the 711 Seventh Hotel Associates LLC, the 343-foot-tall structure will yield 400 guest rooms under IHG Hotel & Resorts’ voco brand. Capital Industries served as the demolition contractor for the three low-rise former occupants of the L-shaped parcel, which has frontage along Seventh Avenue and West 48th Street.

ODA’s 126 East 57th Street Climbs Above Podium Levels in Midtown, Manhattan

8:00 am on March 20, 2024 By Michael Young and Matt Pruznick

Construction continues to rise on 126 East 57th Street, a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall structure will yield 147 condominium units with an average scope of 1,156 square feet, as well as 5,000 square feet of lower-level retail space. WSP USA is the engineer and Plaza Construction is the general contractor for the property, which is located at the corner of East 56th Street and Lexington Avenue, with a narrow panhandle extension to East 57th Street.

Rendering of 10th Avenue entrance, via Wells Fargo

Wells Fargo Begins Retail-to-Office Conversion of 20 Hudson Yards in Hudson Yards, Manhattan

8:00 am on March 18, 2024 By Michael Young and Matt Pruznick

Work is ramping up on the office conversion of a section of The Shops & Restaurants at Hudson Yards shopping mall in Hudson Yards, Manhattan. Designed by Kohn Pedersen Fox and developed by Related Companies, the project involves the replacement of 20 Hudson Yards’ façade and the repurposing of the top three stories of the former Nieman Marcus department store into 445,000 square feet of office space for Wells Fargo. The company plans to consolidate most of its New York workforce into the building, which will accommodate 2,300 employees and provide an easier link with its other employees spread across nine stories at 30 Hudson Yards.

Rendering of the new Midtown Bus Terminal, courtesy of Port Authority of New York and New Jersey

Funding Approved For New Port Authority Bus Terminal In Midtown, Manhattan

7:00 am on March 17, 2024 By Max Gillespie

Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.

New Renderings Revealed for KPF’s 520 Fifth Avenue Supertall in Midtown, Manhattan

8:00 am on March 16, 2024 By Michael Young and Matt Pruznick

New renderings have been revealed for 520 Fifth Avenue, a 76-story residential supertall skyscraper under construction in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,000-foot-tall structure will span 415,000 square feet and yield 100 condominium units and commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, Charles & Co. is the interior designer, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

Renderings Revealed for The Torch at 740 Eighth Avenue in Midtown, Manhattan

8:00 am on March 15, 2024 By Michael Young and Matt Pruznick

Renderings have been revealed for The Torch, a 1,067-foot mixed-use supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story structure will span 875,372 square feet and yield an 825-room hotel on the lower half and a public outdoor observation deck with a drop ride attraction above. The property will also feature lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the project, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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