Construction Update

Demolition Continues for TSX Broadway at 1568 Broadway in Times Square, Manhattan

Demolition work is continuing at 1568 Broadway in Times Square, where the 46-story, 470-foot-tall building now stands less than 20 stories high. Designed by PBDW ArchitectsMancini Duffy, and Perkins Eastman and developed by L&L Holding CompanyMaefield Development, and Fortress Investment Group, the project involves the partial demolition of the former DoubleTree Suites by Hilton and construction of a new 46-story, 550,000-square-foot hotel tower dubbed TSX Broadway, on its foundations. This also includes the preservation of the 108-year-old Palace Theater, which will be raised 30 feet to make room for ground-floor retail space. The site is located at the corner of Seventh Avenue and West 47th Street, directly across from the TKTS stairs.

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Gene Kaufman’s 305 West 48th Street on Pace for 2021 Completion in Hell’s Kitchen, Manhattan

Construction is nearing completion on 305 West 48th Street, a 303-foot-tall hotel in Hell’s Kitchen, Manhattan. Designed by Gene Kaufman and developed by Bright Management with Rockwell Group as the interior designer, the 27-story building will yield 211 hotel rooms. The site is located at the corner of West 48th Street and Eighth Avenue, a short walk from Times Square and the Theater District.

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Two-Building Complex ‘The Hive’ Reaches Completion at 300 West 43rd Street in Midtown, Manhattan

Work is now complete on The Hive, a two-building complex along Eighth Avenue between West 42nd Street and West 43rd Street in Midtown. Developed by KRW Realty Advisors and managed by Hive Management LLC, the property consists of a 13-story L-shaped building at 303 West 42nd Street, aka Hive 42, and a six-story structure at 300 West 43rd Street, aka Hive 43. Gertler & Wente Architects led the design of the renovated interiors, which include office space as well as ground-floor retail.

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