Work has completed at 1050 Sixth Avenue, a 24-story building designed by Gene Kaufman Architects and developed by Skyline Developers. Called ML House, it sits to the south of Bryant Park by the corner of Sixth Avenue and West 40th Street. The tower is fully enclosed and features 62 studio to two-bedroom units that are now 50 percent leased. This is the only ground-up residential rental building surrounding Bryant Park.
Gene Kaufman Architect
The facade work is progressing quickly on the upcoming 22-story Hyatt Centric Hotel at 16 East 39th Street, located near Bryant Park in Midtown. The reinforced concrete structure, which topped out back in January, will include 162 short-stay rooms, a restaurant and lounges on the ground floor, an appointed rooftop, and a rear courtyard. The new 244-foot-tall building will yield 77,858 square feet. Gene Kaufman Architect is the designer of the project.
Construction of a 419-foot-tall hotel at 140 West 28th Street in Chelsea is passing the halfway mark. Workers are currently pouring the 29th floor and getting ready to create the form work for the 30th floor. The tower is designed by Gene Kaufman Architect and is being developed by Eastern Consolidated. The property successfully secured a $121.35 million debt and equity package last year thanks to the Bank of the Ozarks and Square Mile Capital Management. There will be 526 rooms divided among a Marriott, TownePlace Suites, and Springhill Suites. Each will have its own separate lobby on the ground floor and shared common rooms.
Upcoming residential project 11 Greene Street is located in SoHo, at the corner of Greene Street and Canal Street. The building is being designed by Gwathmey Siegel Kaufman & Associates Architects and developed by Arch Companies. They took over the deal from Thor Equities and also secured a $45 million construction loan nearly one year ago. The development will eventually stand seven stories tall.
A new, mixed-use hotel tower has topped-out just south of Koreatown, in Manhattan, at 292 Fifth Avenue. From developer Sam Chang, the property is his second Midtown hotel currently approaching its completion date.