Renovation work continues to progress on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the replacement of the 53-year-old structure’s façade with a modern glass curtain wall. The 412-foot-tall, 1.61 million-square-foot tower was originally designed by Charles Luckman Associates and stands along Seventh Avenue between West 31st and 33rd Streets. PENN 2 is immediately to the east of Madison Square Garden and is one component within the Penn District revitalization scheme that calls for the construction and redevelopment of several buildings surrounding Penn Station in the coming years. Turner Construction Company is the general contractor for the project.
Exterior work is wrapping up on 1245 Broadway, a 23-story commercial building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Sweden-based Klövern AB, the 318-foot-tall reinforced concrete structure will yield 200,000 square feet of office space with marketing and leasing handled by CBRE. StructureTech NY and Triton Construction are both in charge of building the Midtown, Manhattan property, which stands at the corner of West 31st Street and Broadway, a short walk from Koreatown, Herald Square, and Madison Square Park.
Following a ground-up renovation of 711 Fifth Avenue, Michael Shvo of SHVO has revealed new plans to transform the upper levels of the building into an exclusive, members-only destination. Core Club, a global social club, has inked a 20-year lease with SHVO to occupy 60,000 square feet spread across four floors.
Construction is getting closer to completion on 101 West 14th Street, a 13-story residential building in Chelsea, Manhattan. Alternately addressed as 531 Sixth Avenue, the reinforced concrete structure is designed by ODA Architecture and developed by Gemini Rosemont and will yield 44 condominium units as well as 5,830 square feet of ground-floor retail space for two tenants. Residential sales launched last year and are being led by Ryan Serhant of Nestseekers International’s Serhant Team, with prices starting at $1.35 million for one-bedroom units. Whitehall Interiors is in charge in interior designs and New Line Structures is the general contractor for the property, which is located at the northwest corner of West 14th Street and Sixth Avenue, just above the border with Greenwich Village.
Exterior work is progressing on FÖRENA, a 12-story residential building at 540 Sixth Avenue in Chelsea. Designed by Morris Adjmi Architects and developed by Landsea Homes and DNA Development, the 80,000-square-foot reinforced concrete structure will yield 50 units in one- to three-bedroom layouts marketed by Fredrik Eklund and John Gomes of The Eklund Gomes Team at Douglas Elliman. Ryder Construction Co. is the general contractor for the property, which is located at the corner of West 14th Street and Sixth Avenue.