GDS Development

SOM’s 1245 Broadway Completes Construction in NoMad, Manhattan

8:00 am on August 15, 2022 By Michael Young and Matt Pruznick

Construction is complete on 1245 Broadway, a 23-story commercial building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Corem, the 318-foot-tall reinforced concrete structure yields 200,000 square feet of office space with marketing and leasing handled by CBRE. StructureTech NY and Triton Construction led construction on the property, which is located at the corner of West 31st Street and Broadway, a short walk from Koreatown, Herald Square, and Madison Square Park.

417 Park Avenue Readies for Excavation in Midtown East, Manhattan

7:30 am on July 24, 2022 By Michael Young and Matt Pruznick

Excavation is set to begin at 417 Park Avenue, site of a 220,000-square-foot office tower in Midtown East. The project is being developed by GDS Development (GDSNY) and Klövern AB, which acquired the property for $184 million and are also building on an adjacent plot to the south at 409 Park Avenue. The plot is located at the corner of Park Avenue and East 55th Street and will rise with a floor area ratio of 25 under the Midtown East Rezoning regulations.

Demolition Concludes at 417 Park Avenue in Midtown East, Manhattan

7:30 am on March 14, 2022 By Michael Young

Demolition has concluded at 417 Park Avenue, the site of a 220,000-square-foot office tower in Midtown East. Developed by GDS Development (GDSNY) and Klövern AB, which paid $184 million for the property, the building will rise from the corner of Park Avenue and East 55th Street with a floor area ratio of 25 under Midtown East Rezoning regulations.

28&7 - Courtesy of GDS Development Management; Skidmore, Owings & Merrill

Developers Celebrate 28&7’s Grand Opening at 322-326 Seventh Avenue in Chelsea, Manhattan

7:30 am on February 24, 2022 By Sebastian Morris

GDS Development Management and Klövern recently celebrated the completion and opening of 28&7, a new office building in Chelsea. The 12-story building is located at the corner of 28th Street and Seventh Avenue and comprises more than 90,000 square feet.

1245 Broadway’s Exterior Wraps Up in NoMad, Manhattan

8:00 am on January 30, 2022 By Michael Young

Exterior work is wrapping up on 1245 Broadway, a 23-story commercial building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Sweden-based Klövern AB, the 318-foot-tall reinforced concrete structure will yield 200,000 square feet of office space with marketing and leasing handled by CBRE. StructureTech NY and Triton Construction are both in charge of building the Midtown, Manhattan property, which stands at the corner of West 31st Street and Broadway, a short walk from Koreatown, Herald Square, and Madison Square Park.

SOM’s 28&7 Stands Completed at 322-326 Seventh Avenue in Chelsea, Manhattan

8:00 am on January 14, 2022 By Michael Young

Construction is complete on 28&7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Corem and GDSNY, the reinforced concrete superstructure yields 105,000 square feet of office space marketed by CBRE. Triton Construction was the general contractor for the project, which is located at the corner of West 28th Street and Seventh Avenue, directly above the 28th Street subway station, servicing the local 1 train. The developers are aiming for LEED Gold and WELL certifications.

SOM’s 1245 Broadway Nears Completion in NoMad, Manhattan

8:00 am on October 30, 2021 By Michael Young

Exterior work is wrapping up on 1245 Broadway, a 23-story commercial building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Sweden-based Klövern AB, the 318-foot-tall, LEED Gold structure will yield 200,000 square feet of office space with leasing handled by CBRE. StructureTech NY and Triton Construction are building the Midtown, Manhattan project, which stands at the corner of West 31st Street and Broadway.

SOM’s 28&7 Wraps Up Construction at 322-326 Seventh Avenue in Chelsea, Manhattan

8:00 am on October 12, 2021 By Michael Young

Work is nearing completion on 28&7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Klövern AB and GDSNY, the edifice rises at the corner of Seventh Avenue and West 28th Street and will yield 105,000 square feet of commercial space marketed by CBRE. Triton Construction is the general contractor for the reinforced concrete structure, which is located directly above the 28th Street subway station, servicing the local 1 train. The developers are aiming for LEED Gold and WELL certification.

417 Park Avenue Begins Demolition In Midtown East

7:30 am on September 12, 2021 By Michael Young

YIMBY last covered 417 Park Avenue back in July 2020, when demolition permits for the 14-story, 29-unit residential co-op building were fully filed. GDS Development (GDSNY) is the owner of the building that stands on an 8,725-square-foot site and was originally built in 1916 with two cellar levels and a penthouse atop the 143-foot-tall edifice. The Midtown East property is located at the corner of Park Avenue and East 55th Street and is directly south of Foster + Partner‘s topped-out and nearly complete 425 Park Avenue. GDSNY and Klövern AB previously paid $184 million to purchase all the units, and the demolition of the current structure will make way for an office tower with a floor area ratio of 25, or nearly 220,000 square feet under Midtown East Rezoning regulations.

Terracotta Façade Nears Completion on SOM’s 28&7 at 322-326 Seventh Avenue in Chelsea, Manhattan

8:00 am on June 25, 2021 By Michael Young

Façade installation is nearing completion on 28 & 7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Klövern AB and GDSNY, the property is located at the corner of Seventh Avenue and West 28th Street and will yield 105,000 square feet of commercial space leased by CBRE. Triton Construction is the general contractor for the project.

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