Midtown

417 Park Avenue Begins Demolition In Midtown East

YIMBY last covered 417 Park Avenue back in July 2020, when demolition permits for the 14-story, 29-unit residential co-op building were fully filed. GDS Development (GDSNY) is the owner of the building that stands on an 8,725-square-foot site and was originally built in 1916 with two cellar levels and a penthouse atop the 143-foot-tall edifice. The Midtown East property is located at the corner of Park Avenue and East 55th Street and is directly south of Foster + Partner‘s topped-out and nearly complete 425 Park Avenue. GDSNY and Klövern AB previously paid $184 million to purchase all the units, and the demolition of the current structure will make way for an office tower with a floor area ratio of 25, or nearly 220,000 square feet under Midtown East Rezoning regulations.

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The West. Rendering courtesy of VUW

The West’s Exterior Nears Completion at 547 West 47th Street in Hell’s Kitchen

Exterior work is nearing completion on The West, a 12-story mixed-use building at 547 West 47th Street in Hell’s Kitchen. Designed by Concrete and developed by CB Developers, SK Development, and Ironstate Development, the 201,000-square-foot development will yield 219 residential units above a 40,000-square-foot ground-floor car dealership. The Marketing Directors is exclusively handling sales and marketing for the units, which range from studios to three-bedroom layouts, and CM & Associates Construction Management LLC is the general contractor for the project. The property is bound by Eleventh Avenue to the west, West 47th Street to the south, and West 48th Street to the north.

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Finishing Touches Underway on 305 West 48th Street in Hell’s Kitchen, Manhattan

Work is wrapping up on 305 West 48th Street, a 27-story hotel in the Midtown, Manhattan neighborhood of Hell’s Kitchen. Designed by Gene Kaufman Architects and developed by Bright Management with Rockwell Group as the interior designer, 303-foot-tall tower will yield 73,000 square feet, with 211 guest rooms spread across 59,000 square feet. The site is located at the corner of West 48th Street and Eighth Avenue, a short walk from Times Square and the Theater District. Joy Construction is the general contractor for the building.

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115 East 55th Street’s Exterior Nears Completion in Midtown East, Manhattan

Façade work is getting closer to completion on 115 East 55th Street, an 18-story residential building in Midtown East. Designed by SLCE Architects for Zeckendorf Development, the 185-foot-tall structure will yield 71,961 square feet and 62 units. The property is located between Lexington and Park Avenues, directly adjacent to Norman Foster‘s 47-story office skyscraper at 425 Park Avenue.

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148-37 88th Avenue in Jamaica, Queens. Image courtesy of NYC Housing Connect

Affordable Housing Lottery Launches for 148-37 88th Avenue in Jamaica, Queens

The affordable housing lottery has launched for 148-37 88th Avenue, an eight-story residential building in Jamaica, Queens. Designed by Raymond Chan Architect and developed by George Xu of Century Development Group, the structure yields 98,652 square feet and 109 residences. Available on NYC Housing Connect are 33 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $59,178 to $192,400.

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