Construction Update

NoMad’s First Planned Supertall At 262 Fifth Avenue Appears Stalled, in Midtown Manhattan

Situated at the southwestern corner of Fifth Avenue and West 29th Street is the site of a proposed 1,009-foot condominium tower, known as 262 Fifth Avenue. Renderings were first released in late 2017, showing the very skinny and slender residential building towering over NoMad and Midtown South. Composed of a mix of glass and aluminum walls, the supertall would certainly stand out on the skyline for its height and profile. After the DOB approved plans back in October of 2017, the site was quickly cleared of the previously extant low-rise buildings, however, activity has come to a grinding halt since then. Boris Kuzinez of Five Points Development is developing the tower, while the architect is Meganom, a Russian design firm from Moscow.

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Robert A.M. Stern Architects’ New Morningside Heights Skyscraper Revealed at 100 Claremont Avenue

The Union Theological Seminary is working to sell air rights to Lendlease and L+M Development Partners to create a 42-story tower in Morningside Heights. Robert A. M. Stern Architects is designing the new mixed-use building, which will stand 466 feet to its pinnacle, easily making it the tallest in the neighborhood. The project is part of a $125 million rehabilitation initiative which will also include much needed renovations to the Seminary’s 119-year old campus.

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Virgin Hotel at 1225 Broadway Close To Topping Out Above NoMad

Located at 1225 Broadway between West 29th Street and West 30th Street and between Sixth Avenue and Broadway, a new Virgin Hotel is set to rise 476 feet above NoMad. The project will have nearly 300,000 square feet of space, with 460 hotel rooms and 90,000 square feet of retail in the tower’s podium. The building is being designed by VOA Associates and developed by the Lam Group. Sir Richard Branson of Virgin Group is in charge of the 38-story hotel management.

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TSX Hotel at 1568 Broadway Prepares For 2019 Demolition in Times Square

While the flashing marquee lights and LED billboards of 1568 Broadway continue to brighten the crossroads of the world, the light bulbs and digital screens will one day turn off as the building prepares for demolition. Plans for the DoubleTree Suites by Hilton call for an entirely new 46-story, 550,000 square foot building dubbed TSX Broadway. The 106-year old Palace Theatre will be the only part of the original site to be preserved, structurally elevated, and integrated into the $2.5 billion dollar redevelopment. L&L Holding CompanyMaefield Development, and Fortress Investment Group are the developers who purchased the site for $450 million dollars.

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One Vanderbilt Surpasses The Metlife Building, Climbs Onwards To 1,401 Foot Pinnacle Above Midtown

One Vanderbilt quickly climbed into the Midtown skyline in 2018, in what seemed like the fastest climb of any supertall to rise in Manhattan in recent years. After growing past street level last winter, the superstructure has now passed the height of the Metlife Building across the street from Grand Central Station, and is on pace to top-out by the middle of 2019. The 58-story building is being designed by Kohn Pedersen Fox and developed by SL Green. 1.75 million square feet of commercial office space and a reported three-story observation deck will soon result, upon completion, and One Vanderbilt is the third-tallest skyscraper currently being built in New York City.

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