Excavation and foundation work are progressing at 220 West 28th Street, site of Fashion Institute of Technology‘s New Academic Building in the Garment District of Chelsea. Designed by SHoP Architects, the ten-story, 110,000-square-foot structure will rise from a slender rectangular plot between Seventh and Eighth Avenues. The site is within walking distance of Penn Station, Madison Square Garden, and Moynihan Train Hall and is aiming for LEED Gold certification. EE Cruz & Company Inc. is the general contractor for the project.
Work continues to progress on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Midtown, Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the construction of a steel-framed structure atop the current eight-story building, which was partially demolished and is in the process of being excavated and gutted. The property takes up a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South, and sits directly adjacent to the 112-year-old Metropolitan Life Insurance Company Tower. The developers, which also include the National Pension Service of Korea and Hines, successfully acquired $1.25 billion in construction financing and are aiming to achieve both WELL and LEED Gold certification, as well as incorporating state-of-the-art HVAC and circulation systems to improve interior air quality and overall cleanliness. AECOM Tishman is serving as the general contractor.
Façade work is continuing to progress on The Fifth Avenue Hotel at 250 Fifth Avenue in NoMad. Designed by Perkins Eastman, PBDW Architects, and Martin Brudnizki Design Studio and developed by Flaneur Hospitality, the project involves the construction of a 230-foot-tall, 24-story reinforced concrete tower and the renovation and hotel conversion of a 116-year-old McKim, Mead & White-designed building. CNY Group is the general contractor for the project, which is being built at the corner of Fifth Avenue and West 28th Street.
Exterior work is finishing up on Rose Hill, a 45-story residential skyscraper at 30 East 29th Street in Midtown‘s NoMad district. Designed by CetraRuddy Architecture and developed by Rockefeller Group, the 639-foot-tall Art Deco-inspired structure yields 123 condominiums marketed by CORE Real Estate. The one- to four-bedroom homes range in price from $1.385 million to $19.5 million for an upper penthouse. The property is located between Madison Avenue and Park Avenue South, and stands on the site of the 130-acre Rose Hill Farm estate that once occupied this section on the island.
Podium work is progressing for Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. Madison House has a footprint stretching between East 30th and 31st Streets and Madison Avenue. Madison House is currently more than 50 percent sold with over $300 million in sales, and occupancy is expected to begin this winter.