The 40-story, 850,000 square-foot office building at 437 Madison Avenue, located between East 49th and 50th streets in Midtown, is currently receiving $60 million in upgrades and renovations, according to Real Estate Weekly. The outdoor plaza and the building’s lobby are being redesigned, building infrastructure is being upgraded, and new amenities are being constructed, including a 15th-floor sky lounge, garden terrace conference rooms, an arcade, and a yoga room. Construction began two years ago and completion is expected early this year. The Emery Roth & Sons-designed building was completed in 1967 and the William Kaufman Organization has owned it ever since. Fogarty Finger is designing the renovation. Medallion Financial Corp. recently extended their 18,650 square-foot lease in the building.
The existing building has been completely demolished at 11-51 47th Avenue on the southern tip of Long Island City, clearing the way for the 11-story condominium tower that will house 56 units and rise 125 feet.
Long Island City’s Queens Plaza district is about to add 41-07 Crescent Street to its roster of new properties, as the nine-story apartment building wraps up construction. The Fogarty Finger-designed project shed its facade scaffolding last month, revealing a red brick facade with staggered bays of floor-to-ceiling windows.
This past summer, construction was wrapping up on Ranger Properties’ nine-story, 48-unit mixed-use building at 41-07 Crescent Street, in Long Island City, and now The Court Square Blog brings news the building is complete. As previously reported, the building contains 4,000 square feet of ground-floor retail space, and Fogarty Finger is the architect. Scaffolding has been removed, meaning opening is likely imminent.
Shorenstein Properties is renovating the 43-story, 1.1-million square-foot office building at 1407 Broadway, between West 38th and 39th Street, according to Real Estate Weekly. The updates will include a new lobby, entrance and retail space, as well as façade improvements on the rest of the building. Roughly 33,000 square feet of retail space will span the ground floor, and Fogarty Finger is leading the design process. Shorenstein acquired the building for $330 million this past spring.