Herald Square may soon be home to a new 900-foot-tall skyscraper perched atop Macy’s historic Herald Square flagship store. In addition to the high-rise tower, the retailer this week announced that the proposed scope of work includes a $235 million investment in the surrounding neighborhood.
Construction is wrapping up on 232 East 54th Street, a 420-foot-tall residential tower in Midtown East. Located between Second and Third Avenues, the 40-story structure is designed by Ismael Leyva Architects and Elk Investors is listed as the developer, though YIMBY last reported that ownership may have fully transferred to Mossanen Group under the East 54th Street Properties LLC.
Façade installation is nearing the pinnacle of 3 Sutton Place, a 847-foot-tall residential skyscraper at 430 East 58th Street in Midtown East. Designed by Thomas Juul-Hansen and developed by Gamma Real Estate with Stephen B. Jacobs Group as the executive architect, the 62-story tower is located between Sutton Place South and First Avenue and will yield 121 residential units with sweeping views of the Manhattan skyline and the nearby East River. The site is a short walk from the waterfront and the Sutton Place Park North esplanade.
The final pieces of the glass curtain wall and gray paneling are being installed on 425 Park Avenue, a 897-foot-tall commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story building will yield around 667,000 square feet largely dedicated to offices, as well as a ground-floor restaurant run by Chef Daniel Humm, proprietor of the Three Michelin-starred Eleven Madison Park. The property is bound by Park Avenue to the west, East 55th Street to the south, and East 56th Street to the north, and is expected to achieve LEED-Gold certification and debut as the city’s first WELL-certified building.
Construction is nearing topping out on Turken House, a 21-story mixed-use building at 300 East 41st Street in the Midtown, Manhattan neighborhood of Murray Hill. Designed by Perkins + Will for a non-profit company called The Turken Foundation, the nearly 80,000-square-foot structure will stand 227 feet tall and provide Turkish students with 82 turnkey residences, both single- and double-occupancy quarters, and help with scholarships and job opportunities in the United States. 300 East 41st Street is located at the corner of East 41st Street and Second Avenue, near both the United Nations and Grand Central Terminal, and was previously occupied by two low-rise properties that were purchased for a combined $17.5 million.