French design house Hermès has signed a 71,757-square-foot lease at 550 Madison Avenue, Philip Johnson’s landmarked commercial tower in Midtown East, Manhattan. The sprawling new office will span three full levels across the 23rd through 25th floors.
SJP Properties and PGIM Real Estate have unveiled an expanded collection of amenities at 470 Park Avenue South, an 18-story office building in Midtown, Manhattan. The new amenity spaces include a rooftop terrace with views of the surrounding Midtown skyline, a ground-floor lounge that feeds into the building’s lobby, and a landscaped courtyard with ample seating, a bar, and a fire pit. The property is located between East 31st and 32nd Streets.
ABS Partners Real Estate has completed a $50 million renovation of LX57, a 20-story office tower at 695 Lexington Avenue in Sutton Place, Manhattan. Led by Gensler‘s design studio, the project entailed a full restoration on the building’s façade, modernization of the commercial lobby, new signage at the ground floor, window upgrades, LED lighting, and contemporary pre-built office suites. The property is located at the corner of Lexington Avenue and 57th Street.
The Port Authority of New York and New Jersey has reached an agreement with a coalition of financial sponsors to complete a $9.5 billion expansion of JFK International Airport. On December 13, Governor Kathy Hochul officially announced the project, which will include major infrastructure upgrades, the replacement of several aging terminals, new retail destinations, security improvements, and sustainability enhancements.
The Avenue, a vast retail wing of the American Dream Mall, has opened its doors to the public. Located at 1 American Dream Way in East Rutherford, New Jersey, The Avenue is the latest addition to the 3.3-million-square-foot destination, which has gradually opened after a temporary half-year closure in 2020. The long wing is located on the eastern end of the complex and focuses on designer retail shops, with Saks Fifth Avenue as the largest tenant.
