HFZ Capital

New Renderings Show Latest Revisions to BIG-Designed 76 11th Avenue

4:00 pm on August 10, 2016 By Nikolai Fedak

While the far West Side has its fair share of mega-projects, the scale of development in lower West Chelsea and the Meatpacking District is generally more subdued. The one major exception to that rule is at 76 11th Avenue, where a development team led by HFZ has an assemblage with 800,000 square feet of air rights, with plans by Bjarke Ingels Group previously revealed by YIMBY last year. Now, thanks to a tipster, we have a fresh set of images showing the fine-tuning occurring across several aspects of the design, including the retail podium and crown.

Construction Wrapping on 10-Story, 27-Unit Residential Conversion at 11 Beach Street, TriBeCa

6:30 am on June 21, 2016 By Reid Wilson

Construction is now wrapping on the transformative 27-unit conversion underway at the 10-story former office building at 11 Beach Street, in TriBeCa. YIMBY can now bring you a photo of the nearly completed project, courtesy of prolific photographer Tectonic. The apartments, which will be condominiums, should average a spacious 3,976 square feet apiece. They will range from three- to five-bedrooms, some of which will come in townhouse-style and penthouse configurations. Amenities include a fitness center, a children’s playroom, an inner courtyard, a landscaped roof deck, and storage space for 14 bikes. Some of the apartments will also feature their own pool. YIMBY revealed renderings of the BKSK Architects-designed project in 2014. Thomas Juul-Hansen is crafting the interiors and HFZ Capital is the developer. Occupancy can probably be expected in the coming months.

Developer Plans 213-Unit Condo Conversion at 13-Story Rental Building, 225 West 86th Street, Upper West Side

11:00 am on April 20, 2016 By Reid Wilson

HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.

Rendering showing the HFZ Capital's Moshe Safdie-designed mixed-use tower with the Empire State Building behind it. (Rendering presented in October)

HFZ’s 64-Story Moshe Safdie Tower Hinges On Restoration Of Gilsey House

7:00 am on February 10, 2016 By Evan Bindelglass

Back in October, the Landmarks Preservation Commission heard a proposal that would remake a good chunk of West 29^th Street between Broadway and Fifth Avenue. It would include restoring two landmarks and construction of a 64-story mixed-use tower. The hearing in October was paused because of the late hour and lack of quorum, and when it resumed on Tuesday, it became clear that one aspect of it was the big stumbling block.

88 & 90 Lexington Avenue, January 13, 2016. All photographs by Evan Bindelglass unless noted.

Touring The Residential Conversion Underway at 88 & 90 Lexington Avenue

8:00 am on January 21, 2016 By Evan Bindelglass

Two buildings, one destination. That’s what’s going on at 88 & 90 Lexington Avenue, between East 27th and 26th streets in Manhattan’s Gramercy area. Two buildings – 88 Lexington Avenue, built in 1927, and 90 Lexington Avenue, built in 1958 – are being converted into luxury condominiums by HFZ Capital Group, with workshop/apd as designer. We stepped inside last week to see how the conversion is going.

New Renderings for Bjarke Ingels-Designed 76 Eleventh Avenue, HFZ’s Meatpacking Skyscrapers

8:00 am on January 12, 2016 By Nikolai Fedak

Back in November, YIMBY posted the first renderings for 76 Eleventh Avenue, which is being developed by HFZ Capital. Now, we have a new set of images for the project, which is being designed by Bjarke Ingels Group. They show major tweaks to the formerly jigsaw-like design, and accompanied EB-5 materials for the project sent to YIMBY.

First Look at 76 11th Avenue, BIG-Designed Towers Coming to Meatpacking

8:00 am on November 23, 2015 By Nikolai Fedak

While the length of the High Line has seen a surge of construction since the elevated park initially opened, there are still a few major sites left that remain ripe for new development. Perhaps the largest such parcel is at 76 11th Avenue, between 17th and 18th Streets, which was acquired by HFZ Capital for $870 million back in April. Now, YIMBY can reveal the site’s preliminary plans, created by Bjarke Ingels Group.

Plan to Remake West 29th Street Halted by Time, Lack of Quorum

8:00 am on October 28, 2015 By Evan Bindelglass

There is a plan in the works that would drastically change West 29^th Street between Broadway and Fifth Avenue. It involves six buildings in total, including two individual landmarks, and includes one 64-story mixed-use tower. The plan, being developed by HFZ Capital and the Collegiate Churches of New York, was presented to the Landmarks Preservation Commission on Tuesday. Members of the public testified, but by the time that happened, it was about 6 p.m. and, not having a quorum, no action was taken and the matter was tabled.

The Death and Life of the Bancroft Building, 1896-2015

4:30 pm on October 2, 2015 By Vitali Ogorodnikov

Since New York’s earliest days, church organizations have held a considerable amount of the city’s real estate, which they use not only for direct religious services, but also as a means of generating income. Over the past year, we witnessed the destruction of one of the oldest properties of the kind, as the 119 year old Bancroft Building has been reduced to a pile of red brick rubble.

Condo Conversion Underway At 88 & 90 Lexington Avenue, NoMad

11:00 am on September 29, 2015 By Reid Wilson

Earlier this year, it was revealed that HFZ Capital is planning to convert the 19- and 13-story buildings at 88 and 90 Lexington Avenue, in NoMad, into condominiums. Now, construction appears to be well underway at both properties, per Tectonic. Both buildings, formerly rental apartments, are being combined to share a lobby and amenity space. The shorter building has also receive a totally new façade, which appears to be mostly complete. Workshop/ADP is designing, and completion is slated for 2016.

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