Midtown

Ritz-Carlton Hotel Opens to Guests at 25 West 28th Street, in NoMad, Manhattan

8:00 am on August 2, 2022 By Michael Young

The Ritz-Carlton Hotel and Residences at 25 West 28th Street recently celebrated its grand opening in NoMad. Designed by Rafael Vinoly and developed by Marriott, Ritz Carlton Hotels, and Flag Luxury Group, the 50-story, 500-foot-tall reinforced concrete skyscraper yields 250 guest rooms and 19 suites spread across 150,000 square feet, as well as 16 one- and two-bedroom penthouse residences on the upper levels that owners and their guests can stay in for up to 120 nights per year. Lendlease served the general contractor for the Midtown, Manhattan project, which is alternatively addressed as 1185 Broadway Street and is located at the corner of Broadway and West 28th Street. The Erin Boisson Aries team at Douglas Elliman is handling the sales of the penthouses. Other design teams for the Ritz-Carlton include SUSURUSS, Rockwell Group, and Barcelona-based studio Lázaro Rosa-Viola.

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1162 Broadway Tops Out in NoMad, Manhattan

7:30 am on July 31, 2022 By Michael Young

Construction has topped out on 1162 Broadway, a 13-story commercial building in NoMad. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, 185-foot-tall structure will yield Class A office within the Madison Square North Historic District. The project has undergone several changes since permits were first filed by Aini Assets for a 14-story, 52-room hotel in December 2013. The latest plans were approved by the Landmarks Preservation Commission (LPC) in the late spring of 2020, followed by groundbreaking in 2021. On Star Management is the general contractor for the property, which is located between West 27th and West 28th Streets.

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Empire State Building. Courtesy of Empire State Realty Trust

New Tenant Amenities at The Empire State Building to Debut in 2023

7:30 am on July 29, 2022 By Sebastian Morris

The Empire State Building has joined the race to attract new commercial tenants who demand an amenitized building for the next generation of workers. In an announcement from Empire State Realty Trust, current owners of the iconic property, the building’s amenity offering will be expanded to include a town hall meeting space for up to 400 people, a basketball court, a lounge, food and bar service, and an additional lounge with two golf simulators.

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Park House Reaches Full Completion at 500 West 22nd Street in West Chelsea, Manhattan

7:30 am on July 26, 2022 By Michael Young

Construction is complete on Park House, an eight-story residential building at 500 West 22nd Street in West Chelsea. Designed by Annabelle Selldorf of Selldorf Architects and developed by Brantwood Capital, the 33,662-square-foot structure yields ten residential units and 1,959 square feet of ground-floor retail space. Compass is handling sales and marketing for the one- to four-bedroom homes and two duplex penthouses, with pricing ranging from $2.65 million to $12 million. Foundations Group served as the general contractor for the property, which is alternately addressed as 197 Tenth Avenue and stands at the corner of Tenth Avenue and West 22nd Street, a short walk from the High Line. Belden Tristate Building Materials supplied the hand laid bricks for the project.

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View of 45 East 53rd Street - Courtesy of Newmark

Joint Venture Secures $175M to Purchase and Renovate 45 East 53rd Street in Midtown, Manhattan

7:00 am on July 25, 2022 By Sebastian Morris

Newmark, a global real estate services company, has successfully arranged $175 million in capitalization to facilitate a major renovation of 45 East 53rd Street in Midtown, Manhattan. Located in the Plaza District, the building once operated as the New York headquarters for Santander Bank, but sold in April to ZG Capital and Rialto Capital Management.

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