Construction Update

251 West 14th Street Resumes Cantilevering Construction Work In Chelsea, Manhattan

7:30 am on January 22, 2021 By Michael Young

A walk through the Midtown, Manhattan neighborhood of Chelsea revealed a surprising observation at the site of 251 West 14th Street. Construction on the once-stalled reinforced concrete edifice now appears partially topped-out, due to the ascendance of the steel that makes up the final upper cantilevering levels of the ground-up 11-story residential project. Designed by Isay Weinfield and FORM4 Design Studio PLLC, there will be a total of 25 condominiums. YIMBY last reported that Pizzarotti is in charge of the build, which is located along West 14th Street between Seventh and Eighth Avenues.

Construction Wraps Up on Thomas Heatherwick’s Lantern House at 515 West 18th Street in Chelsea, Manhattan

8:00 am on January 21, 2021 By Michael Young

Exterior work is nearing completion on Lantern House, a pair of residential buildings straddling the High Line at 515 West 18th Street in Chelsea. Developed by Related Companies and designed by Thomas Heatherwick with SLCE Architects as the architect of record, the ten- and 21-story structures yield a total of 181 residential units with sales and marketing led by Related Sales LLC and Corcoran Sunshine Marketing Group. Lantern House is bound by Tenth Avenue the east, West 18th Street to the south, West 19th Street to the north, and Frank Gehry’s IAC Building immediately to the west.

YIMBY’s 2021 Construction Report Shows 30,036 New Residential Unit Filings in New York City

8:00 am on January 20, 2021 By Vitali Ogorodnikov

YIMBY’s 2020 New Building Report, covering 2019’s numbers, showed a substantial increase in applications, with 2019’s total filings reaching 36,467. This year, the numbers have dropped somewhat, with 2020’s submitted residential units totaling 30,036. While this was a decrease, it was still substantially above the 2018 total of only 20,393 new units filed, indicating that in spite of the profound headwinds beginning in March of last year that are now seemingly abating, permitting activity remained fairly vigorous. The full report covering 1,774 new buildings and over 57 million square feet of new floor space is available in Excel format upon purchase of YIMBY’s Building Wire subscription.

The Cortland’s Red Brick Façade Continues Progress at 555 West 22nd Street in West Chelsea, Manhattan

7:30 am on January 20, 2021 By Michael Young

Exterior work is continuing to shape up on The Cortland, a 26-story condominium building at 555 West 22nd Street in West Chelsea. Designed by Robert A. M. Stern Architects and developed by Related Companies with SLCE Architects as the architect of record, the nearly 300-foot-tall, 250,000-square-foot project will yield 141 units, averaging around 2,245 square feet apiece. The building is located along West Street and the Hudson River waterfront between West 22nd and West 23rd Streets.

39 West 23rd Street’s Glass and Stone Façade Continues Installation in Chelsea, Manhattan

7:30 am on January 19, 2021 By Michael Young

Curtain wall work is continuing to shape up at 39 West 23rd Street, a 24-story residential development in the Flatiron District. Designed by COOKFOX Architects and developed by Anbau Enterprises, the project consists of two structures spanning between West 23rd and West 24th Streets, separated by a private interior courtyard. The site sits almost directly in the center of a rectangular parcel bound by Fifth Avenue to the east and Sixth Avenue to the west.

Excavation Underway at 241 West 28th Street in Chelsea, Manhattan

7:00 am on January 19, 2021 By Michael Young

Excavation has begun at 241 West 28th Street, the site of a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development is progressing due to $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the property, which is located between Seventh and Eighth Avenues, in December 2018 and established a 99-year ground lease with Edison Properties. Thirty percent of the residential units will be reserved for low- and middle-income households.

Façade Work Wraps Up at 113 West 24th Street in Chelsea, Manhattan

7:30 am on January 18, 2021 By Michael Young

Façade work is wrapping up on 113 West 24th Street, a 39-story Marriott hotel in Chelsea. Designed by Stonehill Taylor and developed by Lam Generation, the 420-foot-tall tower sits between Sixth and Seventh Avenues and is planned to yield 360 rooms averaging around 380 square feet apiece.

One Madison Avenue’s Renovation and Expansion Project Ramps Up in the Flatiron District, Manhattan

8:00 am on January 17, 2021 By Michael Young

Construction activity is underway at One Madison Avenue in the Flatiron District, where the 13-story full-block structure is being renovated and expanded with a new 18-story addition. Designed by Kohn Pedersen Fox and developed by SL Green, the project will stand 27 stories and yield 1.4 million square feet of Class A office space. Helping to develop and finance One Madison Avenue’s future are the National Pension Service of Korea and Hines, contributing a grand total of $1.25 billion in construction financing. The property is bound by East 23rd Street to the south, Madison Avenue and Madison Square Park to the west, East 24th Street to the north, and Park Avenue South to the east.

2551 Broadway Continues Vertical Ascent on Manhattan’s Upper West Side

7:30 am on January 17, 2021 By Michael Young

Construction is rising at 2551-2555 Broadway, a 22-story residential project on Manhattan’s Upper West Side. Located at the corner of Broadway and West 96th Street, the 276,578-square-foot structure is designed by Stephen B. Jacobs Group and is being developed by Extell, which purchased the property for $80 million in a sale facilitated by Eastern Consolidated. The building will yield 215,866 square feet of residential space with 130 units, likely condominiums with an average scope of 1,660 square feet, as well as 9,080 square feet of commercial space.

300 West 30th Street Nears Topping Out in Chelsea, Manhattan

7:30 am on January 16, 2021 By Michael Young

Construction is nearing topping out at 300 West Street, a 16-story mixed-use building in Chelsea. The structure will yield 80 residential units as well as ground-floor retail space. The project is designed by Studio C Architects and developed by Hiwin USA, which purchased the property from Salt Equities in May 2018 for $27.5 million. The site is located at the corner of Eighth Avenue and West 30th Street, a short walk away from number of transit hubs including Penn Station and the newly opened Moynihan Train Hall.

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Construction Update

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