Construction Update

PENN 2’s Renovations Continue at 2 Penn Plaza in Midtown, Manhattan

Renovation work is progressing on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the full re-cladding and interior modernization of the 412-foot-tall, 1.61-million-square-foot mid-century office building, and is part of the ten-skyscraper Penn District revitalization plan. Turner Construction Company is the general contractor for the property, which is located along Seventh Avenue between West 31st and 33rd Streets, directly adjacent to Penn Station and Madison Square Garden.

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New Renderings Released for ODA’s 126 East 57th Street Tower in Midtown East, Manhattan

New renderings have been released for 126 East 57th Street, a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall tower will yield 147 condominiums spread across 170,000 square feet with interiors by Gabellini Sheppard, as well as 5,000 square feet of retail space. WSP USA is the engineer, and Plaza Buildings is the general contractor for the property, which is located at the corner of East 56th Street and Lexington Avenue.

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262 Fifth Avenue

Foundation Work Underway for 262 Fifth Avenue Supertall in NoMad, Manhattan

Foundation work is continuing at 262 Fifth Avenue, the site of a 60-story residential supertall in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 1,043-foot-tall skyscraper will yield 41 residential units spread across 139,168 square feet, as well as 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management is the general contractor for the property, which is located at the corner of Fifth Avenue and West 29th Street.

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Ritz-Carlton Hotel Opens to Guests at 25 West 28th Street, in NoMad, Manhattan

The Ritz-Carlton Hotel and Residences at 25 West 28th Street recently celebrated its grand opening in NoMad. Designed by Rafael Vinoly and developed by MarriottRitz Carlton Hotels, and Flag Luxury Group, the 50-story, 500-foot-tall reinforced concrete skyscraper yields 250 guest rooms and 19 suites spread across 150,000 square feet, as well as 16 one- and two-bedroom penthouse residences on the upper levels that owners and their guests can stay in for up to 120 nights per year. Lendlease served the general contractor for the Midtown, Manhattan project, which is alternatively addressed as 1185 Broadway Street and is located at the corner of Broadway and West 28th Street. The Erin Boisson Aries team at Douglas Elliman is handling the sales of the penthouses. Other design teams for the Ritz-Carlton include SUSURUSS, Rockwell Group, and Barcelona-based studio Lázaro Rosa-Viola.

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Aloft Hotel’s Façade Nears Completion at 50 Trinity Place in Financial District, Manhattan

Exterior work is nearing completion on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, the 77,310-square-foot tower will yield 173 guest rooms. Cauldwell Wingate is serving as the general contractor for the project, which is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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