Excavation and foundation work are progressing on Fashion Institute of Technology‘s New Academic Building at 220 West 28th Street in the Garment District of Chelsea. Designed by SHoP Architects, the ten-story, 110,000-square-foot structure is located between Seventh and Eighth Avenues, within walking distance of Penn Station, Madison Square Garden, and Moynihan Train Hall. The New Academic Building is aiming for LEED Gold certification.
Exterior work is wrapping up on Rose Hill, a 639-foot-tall residential skyscraper at 30 East 29th Street in NoMad. Designed by CetraRuddy Architecture and developed by Rockefeller Group, the 45-story tower features a distinctive Art Deco-inspired façade and will yield 123 condominiums marketed by CORE Real Estate. Sales have launched for the homes, which come in one- to four-bedroom layouts and range in price from $1.385 million to upward of $19.5 million for the penthouse unit. Rose Hill’s name is derived from the former 130-acre Rose Hill Farm estate that once occupied this part of Midtown, Manhattan. The property is situated between Madison Avenue to the west and Park Avenue South to the east.
Curtain wall installation is progressing on 300 West 30th Street, a 16-story residential building in Chelsea. Designed by Studio C Architects and developed by Hiwin USA, the property is located at the corner of West 30th Street and Eighth Avenue, a short walk from Madison Square Garden, Penn Station, and the new Moynihan Train Hall, and will yield 80 residential units and ground-floor retail space. The developer purchased the site from Salt Equities for $27.5 million in May 2018.
Façade installation is continuing on the lower portions of the NoMad Ritz Carlton, a 580-foot-tall hotel skyscraper at 1185 Broadway. Designed by Rafael Vinoly and developed by Marriott, Ritz Carlton Hotels, and Flag Luxury Properties, the 40-story structure will yield 250 guest rooms spread across 150,000 square feet at the corner of Broadway and West 28th Street.
Below-grade work is progressing at 241 West 28th Street, a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development recently acquired $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the Midtown, Manhattan property in December 2018 and established a 99-year ground lease with Edison Properties. 241 West 28th Street is located between Seventh and Eighth Avenues and will have 30 percent of residential units reserved for low- and middle-income households. Urban Atelier Group is the general contractor.