Developers are transforming a formerly brutalist building at 592 Fifth Avenue, on the corner of East 48th Street in Midtown Manhattan, and today YIMBY has the first look at its impending appearance. Formerly occupied by Bank of America, the structure is being refurbished for renewed commercial-retail use, with speculation that Puma could become an anchor tenant.
It has been less than four years since permits were filed for 1059 Third Avenue, but thanks to Tectonic we can see the tower has now risen 21 floors above the Upper East Side, on the way to its 30-story pinnacle. The project is one of several new high-rises coming to the neighborhood. Real Estate Inverland and Third Palm Capital are responsible for the development. The site was purchased for $40 million in 2012, costing just over $330 per buildable square foot.
Progress is moving along at 287 East Houston Street, with the façade now fully installed, the building topped out, and interior work underway. The 11-story building, named 287/LES, is right on the border of the Lower East Side and the East Village, and just five blocks from the Essex Street subway station, providing quick access to the F, J, M, and Z trains. Vinci Partners and Hogg Holdings are developing the project.
Speculations for the topping out of the 73-story 30 Hudson Yards have been swirling for the last couple months, and now the fateful day has finally arrived. Yesterday morning, YIMBY received confirmation that the tallest building of the Hudson Yards mega-development has finally reached its pinnacle, with an American flag rising above the building’s parapet. While some steel remains to be installed before the crown is fully complete, the significance of this is akin to the topping of the spire of a cathedral. In this case, it is a monument to the capitalistic ideals that fuel the contemporary American economy.
Just south of the still-exposed train yard that gave the Hudson Yards neighborhood its name, progress is being made on another two new mixed-use skyscrapers. While teasers have been shown before, the first full renderings are now out for the towers planned at Block 675. Douglaston Development will be responsible for 601 West 29th Street, and Lalezarian Properties is behind 606 West 30th Street.