Excavation is progressing at 15 Beekman Street, the site of a 27-story academic center and dormitory for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall structure will yield 213,084 square feet with classrooms, dorms, a dining facility, a library, and a learning center. The building will be built with a cellar, sub-cellar, and a 20-foot-long rear yard. New Line Structures & Development LLC is the general contractor for the Lower Manhattan project, which is alternatively addressed as 126-132 Nassau Street and located at the corner of Beekman and Nassau Streets.
Construction is nearing completion on 7 Dey Street, a 34-story mixed-use tower in the Financial District. Formerly known as 185 Broadway, the 404-foot-tall structure is designed by FXCollaborative and developed by SL Green Realty and will yield 260,000 square feet and 209 rental units ranging from studios to three-bedroom layouts. Douglas Elliman Development Marketing is handling marketing and sales, and INC Architecture & Design is in charge of the interiors, which will come with three floors of amenities. Pavarini McGovern is the general contractor for the project, located at the corner of Broadway and Dey Street. The development was made possible thanks to un-utilized air rights SL Green purchased from the Metropolitan Transportation Authority (MTA).
Work continues to progress on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Midtown, Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the construction of a steel-framed structure atop the current eight-story building, which was partially demolished and is in the process of being excavated and gutted. The property takes up a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South, and sits directly adjacent to the 112-year-old Metropolitan Life Insurance Company Tower. The developers, which also include the National Pension Service of Korea and Hines, successfully acquired $1.25 billion in construction financing and are aiming to achieve both WELL and LEED Gold certification, as well as incorporating state-of-the-art HVAC and circulation systems to improve interior air quality and overall cleanliness. AECOM Tishman is serving as the general contractor.
SUMMIT One Vanderbilt, New York City’s fifth public high-rise observatory, officially opened to the public yesterday afternoon at 1:00 PM. A group of SL Green Realty executives, SUMMIT One Vanderbilt creators, One Vanderbilt partners, and New York City leaders gathered atop the 91st floor of the 65,000-square-foot indoor-outdoor venue earlier yesterday morning to give speeches and cut a ceremonial ribbon before the first visitors arrived.
Danny Meyer’s latest culinary outpost will debut this week at SUMMIT, the observatory venue atop One Vanderbilt in Midtown, Manhattan. Known as APRÈS, the café and bar is perched 1,100 feet above ground and includes an indoor lounge and an outdoor terrace with sweeping views of the city skyline.