Midtown

PENN 2’s Cantilevering Expansion Takes Shape at Two Penn Plaza in Midtown, Manhattan

Renovation work and construction continue on PENN 2, a 31-story commercial tower at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the interior overhaul and re-cladding of the 412-foot-tall, 1.61 million-square-foot structure, as well as the construction of a multi-story cantilevering addition. PENN 2 is one component in the Penn District revitalization scheme that calls for the erection and redevelopment of several buildings surrounding Penn Station and Madison Square Garden. Turner Construction Company is the general contractor for the property, which is located along Seventh Avenue between West 31st and 33rd Streets.

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131-141 East 47th Street Tops Out Over Midtown East, Manhattan

Construction has topped out on 131-141 East 47th Street, a 34-story residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Lex 47th Property Owner LLC, the 500-foot-tall structure will yield 191 condominium units in studio to two-bedroom units, as well as 5,000 square feet of ground-floor retail space. Hopson Development Holdings is developing the site, which was purchased from the original developers, New Empire Real Estate. Silverback Development was brought onto the project in 2020 but is now no longer part of the building. Structure Tech New York and Cauldwell Wingate are in charge of building the project, which is located between Lexington and Third Avenues.

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