Midtown

Foundations Underway at 308 West 43rd Street in Midtown, Manhattan

Foundation work has begun at 308 West 43rd Street, the site of a two-building residential development in MidtownManhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot project will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space on the lower floors. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.

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Le Meridien Hotel Completes Construction at 292 Fifth Avenue in NoMad, Manhattan

Construction is complete on Le Meridien Hotel, a 21-story mixed-use tower at 292 Fifth Avenue in NoMad. Designed by Gene Kaufman Architect and developed by the McSam Hotel Group, which purchased the property for $42.4 million in March 2017, the structure yields 187 hotel rooms and an unspecified number of residential units on the upper levels. The development is located between West 30th and West 31st Streets.

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One Madison Avenue’s Vertical Expansion Set to Begin in Flatiron District, Manhattan

A construction crane is now in position and ready for vertical progress on One Madison Avenue, a 27-story office tower expansion in Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the gut renovation of an existing eight-story building and structural addition above its roof level, bringing the structure up to 1.4 million square feet of Class A office space. The National Pension Service of Korea and Hines are also part of the development team and recently acquired $1.25 billion in construction financing for the property, which occupies a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South. The project team is aiming for both WELL and LEED Gold certification.


IBM Confirmed as Anchor Tenant for One Madison Avenue in Flatiron District, Manhattan

IBM will consolidate its New York City offices and relocate to One Madison Avenue, a commercial office tower renovation and expansion currently underway in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green Realty Corp, the project involves the construction of a 530,000-square-foot addition atop the original eight-story building, for a total of 1.4 million square feet of Class A office space.

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