A new report by one of the city’s prominent preservation groups shows how, in at least one neighborhood, new development and infrastructure improvements live side-by-side with historic preservation.
Construction has reached the third floor on the 20-story, 290-key four-star AC Hotel under development at 252 West 40th Street, in the Garment District section of Midtown. The construction progress can be seen thanks to photos posted to the YIMBY Forums. The latest building permits describe a structure that will eventually measure 120,489 square feet and rise 230 feet above street level. The hotel rooms will be located on the second through 18th floors and should average 415 square feet apiece. Amenities include a fitness center, a library, storage for 12 bikes, a restaurant on the ground floor, and a second restaurant on the 20th floor. OTO Development is the developer and Helpern Architects is behind the architecture. Completion can probably be expected in 2017.
The Neo-Gothic high-rise at 212 Fifth Avenue has occupied a wedge-shaped plot just north of Madison Square Park since 1912. It once held furniture and garment manufacturers, who had their offices on the upper floors and massive showrooms on the lower ones. Now, Madison and Thor Equities are converting the 24-story building to condos, and they’re restoring the landmarked limestone facade and cornices in the process. YIMBY recently toured the property and got a close-up look at the restoration.
Early last month, the residential conversion of the 24-story commercial building at 212 Fifth Avenue, in NoMad, was underway, and now Curbed has uncovered new exterior and interior renderings of the project. Forty-eight condominiums are being carved out of the existing structure, and the units will be large, with some measuring 1,500 square feet, and larger configurations measuring north of 4,000 square feet. Madison Equities and Thor Equities are developing, while Helpern Architects is designing. Sales have already launched, and completion is expected next spring.
Earlier this spring, YIMBY reported on the approval of the planned residential conversion of the 24-story 212 Fifth Avenue, in NoMad, and now the project is underway, according to The New York Times. Madison Equities, Thor Equities, and Building and Land Technology are developing, and 48 condominiums are being carved out of the structure, ranging from two to four bedrooms apiece. Helpern Architects is designing, and a spring 2016 delivery date is anticipated.
