Private equity firm Snow Phipps is the latest company to join 545 Madison Avenue, a newly renovated office tower in Midtown, Manhattan. Marx Realty, the property owner, worked with Studios Architecture to complete the building’s transformation, which focused on elevating the hospitality aspects of the commercial property.
Work is nearing completion on Zero Irving, a 21-story mixed-use building at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development, as well as financial partners Junius Real Estate Partners and Suffolk Construction, the 176,000-square-foot edifice stands topped out and will open as an affordable and market-rate office building for technology firms with a range of amenities. Zero Irving is located along East 14th Street between Broadway to the west and Third Avenue to the east. Leasing is now underway with JLL as the exclusive marketing agent.
The Landmarks Preservation Commission is now reviewing proposals from Skidmore, Owings & Merrill to renovate and restore the historic Lever House at 390 Park Avenue in Midtown East, Manhattan. Scope of work for the proposed alterations includes replacement of non-original plaza paving and bases, the installation of new signage and stainless steel doors, a new entrance into the Casa Lever restaurant on the ground floor, and the replacement of aluminum panelling and glass storefronts at the ground floor. The design team will also restore exterior stone, metal, and ceiling materials around the property.
Construction is nearing completion on 517 West 29th Street, a ten-story residential building in Chelsea. Developed by Churchill Real Estate Holdings and designed by Ben Hansen Architect with Rand Engineering and Architecture as the architect of record, the 135-foot-tall structure yields 56,160 square feet with 60 condominium units and nine private outdoor parking spaces. The Midtown, Manhattan project stands between Tenth and Eleventh Avenues near the High Line and Hudson Yards.
Closings are set to begin this August for a new office condominium property at 35 West 36th Street in Herald Square, Manhattan. From developer Hidrock Properties the 12-story, 80,000-square-foot structure is currently undergoing a conversion from traditional office space to office condominium units.