Midtown


Governor Kathy Hochul Reveals Updated Plans And Renderings For Penn Station Overhaul in Midtown, Manhattan

Yesterday afternoon Governor Kathy Hochul revealed numerous new renderings of what the outdated 53-year-old Penn Station and the surrounding Midtown, Manhattan district could soon become. Despite being slightly downsized by 7 percent from former Governor Cuomo’s ten-building master plan, the new proposal still encompasses an incredible 18.3 million square feet of construction and redevelopment. Vornado Realty Trust is the developer of the master plan, which is expected to take four to five years to complete and cost between $6-7 billion.

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Korean Cultural Center Continues to Progress at 122-126 East 32nd Street in Murray Hill, Manhattan

Work is continuing to progress behind scaffolding on the Korean Cultural Center of NYC, a seven-story structure at 122-126 East 32nd Street in Murray Hill. Designed by SAMOO Architecture PC and developed by Level Group, the 36,500-square-foot edifice will serve as the headquarters for the Consulate General of the Republic of Korea, NY, which purchased the property in March 2008 at a cost of $15.8 million. This sale also included the use of nearly 4,500 square feet of air rights. Construction took a quite some time to commence, and ground broke in June 2018 for the 120-foot-tall project. KSK Construction Group is the general contractor for the building, which sits between Park Avenue South and Lexington Avenue. The developers are aiming for LEED Certification.

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SOM’s 1245 Broadway Nears Completion in NoMad, Manhattan

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, LEED Gold structure will yield 200,000 square feet of office space with leasing handled by CBRE. StructureTech NY and Triton Construction are building the Midtown, Manhattan project, which stands at the corner of West 31st Street and Broadway.

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30 East 31st Street’s Lattice Cladding Wraps Up Installation in NoMad, Manhattan

Construction is nearing completion on 30 East 31st Street, a 39-story residential tower in NoMad. Designed by Morris Adjmi Architects and developed by Ekstein Development and Pinnacle Real Estate, the 479-foot-tall structure will yield 70,000 square feet and 42 units marketed by Reuveni Real Estate. The homes average 1,700 square feet and range in price from $1.65 million to upward of $12 million. 30 East 31st Street is located between Madison Avenue and Park Avenue South.

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