Construction is complete on One Willoughby Square, a 36-story commercial skyscraper in Downtown Brooklyn. Designed by FXCollaborative and developed by JEMB Realty, the 495-foot-tall structure yields 500,000 square feet of Class A office space. Gilbane Building Company was the general contractor for the property, which is alternately addressed as 420 Albee Square and bound by Willoughby Street to the north, Albee Square West to the east, and Duffield Street to the west.
Rounding out our Turkey Week rundown of stalled projects is Three Hudson Boulevard, a planned 56-story commercial skyscraper in the Hudson Yards district. Designed by FXCollaborative and developed by Boston Properties and The Moinian Group, the $3 billion project is planned to stand around 940 feet tall and yield 1.86 million square feet of office space, but has been on hold since early 2020. The plot occupies a full block bound by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.
Construction has passed the halfway mark on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project. Leeding Builders Group is the general contractor for the property, which is located along Eighth Avenue between West 23rd and West 24th Streets.
Excavation is progressing at 125 West 57th Street, the site of a 30-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy Properties and ABR Partners, the $350 million project will yield 185,000 square feet of offices and ground-floor space for the Calvary Baptist Church. Leading Builders Group is the general contractor for the property, which is located between Sixth and Seventh Avenues, near supertalls One57 and 111 West 57th Street.
The Metropolitan Transportation Authority, in partnership with NJ Transit and Amtrak, approved a contract for the redesign of Penn Station, a project that could cost the city $7 billion. The joint venture project team includes architect of record FXCollaborative, global engineering firm WSP, and British design studio John McAslan and Partners which will serve as a design consultant.