Midtown

Central Park Tower

Renderings Surface for Central Park Tower, 217 West 57th Street

YIMBY has chronicled the evolution of 217 West 57th Street, aka Nordstrom Tower and officially dubbed Central Park Tower, since it was clearing hurdles for the approval of its cantilever. Now that the building has begun rising, renderings from Extell have finally started leaking online, this time courtesy of EB-5 materials that surfaced on the YIMBY forums. The images show the tower is identical to renderings created in-house by YIMBY previously, and while they confirm the supertall has lost its spire, it will still become the tallest building by roof height on the continent, reaching 1,550 feet tall, and having a marketing floor count of 131.

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One Vanderbilt

Demolition Progresses at Site of One Vanderbilt, 67-Story, 1.73-Million-Square-Foot Office Tower in Midtown East

Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.

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12 East 48th Street

31-Story, 161-Key Hotel Filed at 12 East 48th Street, Midtown

Back in 2014, Hidrock Realty Inc. acquired, for $47 million, the collection of five- and six-story commercial buildings at 12-14 East 48th Street and 13 East 47th Street, in Midtown, located between Fifth and Madison avenues. At the time, the developer planned to construct a residential tower, but new building applications have now been filed for a 31-story, 161-key hotel. The building will measure 115,924 square feet in its entirety and will contain ground-floor retail space. The hotel rooms will be located on the third through 29th floors, and guest amenities are to include a courtyard on the ground floor, a fitness center, a lounge with a pantry, storage for bikes, and a terrace on the second floor. Financial District-based Handel Architects is the architect of record. The permit indicates the seven-story commercial building at 16 East 48th Street is also part of the development assemblage. Demolition permits are currently on file for the buildings at 12-14 East 48th Street and 13 East 47th Street.


523-529 Eighth Avenue

McSam Hotel Group Acquires 99-Year Ground Lease at Commercial Development Site, 523-529 Eighth Avenue, Garment District

Sam Chang’s Great Neck, N.Y.-based McSam Hotel Group has closed, for $27.1 million, on a 99-year ground lease of the 7,454-square-foot property at 523-529 Eighth Avenue, in the Garment District section of Midtown. Located on the corner of West 36th Street, the lot is currently occupied by a single-story, 7,400-square-foot retail building with five commercial units, according to The Real Deal. The site can accommodate up to 74,540 square feet of commercial development. Neither demolition permit nor new building permits have yet been filed with the Department of Buildings. It’s not known when the tenants’ leases expire, and plans for the site have not been disclosed. The property owner is Joseph P. Day Realty Corporation.


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