The Gladstone family has a long history of construction in New York, and the family’s current venture, Madison Equities, was founded in the mid-1960’s. Now, Madison is behind what will imminently become the first actual residential supertall below 34th Street in Manhattan, with 45 Broad Street set to rise 1,127 feet to its peak. Last week, Madison Equities’ CEO Robert Gladstone sat down with YIMBY to talk about that project, as well as everything else in the firm’s pipeline for the Five Boroughs.
Back in January of 2017, construction at 685 First Avenue had just reached the fifth floor. In just under two years, the tower and façade have topped out, sales have launched, and completion is expected by the end of the year. Sheldon Solow’s Solow Building Company is developing the 42-story minimalist Murray Hill skyscraper.
Located in the heart of Midtown between West 36th Street and West 37th Streets is a new hotel that has topped out at 525 Eighth Avenue. Designed by Gene Kaufman Architect, the 28-story building is being developed by Sam Chang of McSam Hotel Group. There will be 321 rooms covering a total of 96,000 square feet when complete.
Permits for construction of 74 Trinity Place were approved approximately one year ago, and already, the building has nearly topped-out, having reached the 20th of 26 eventual floors. The mixed-use tower has replaced a derelict but beautiful structure, and for that reason, the architect placed special attention to the design. Now, pedestrians in the Financial District are finally getting a glimpse of the bronzed skin. Façade installation, as designed by Pelli Clarke Pelli, has finally commenced.
Downtown’s residential boom continues apace with the construction of 125 Greenwich Street, which has reached two-thirds of the way to its 912-foot-tall pinnacle on a corner overlooking the World Trade Center memorial. The tower will rise above most of its neighbors in the Financial District, but since it is right across from 1 World Trade Center, it will not make a sizable impact on the skyline. Architect Rafael Viñoly is also responsible for the Midtown supertall 432 Park Avenue.