Kohn Pedersen Fox

One Madison Avenue’s Vertical Expansion Set to Begin in Flatiron District, Manhattan

8:00 am on March 24, 2022 By Michael Young

A construction crane is now in position and ready for vertical progress on One Madison Avenue, a 27-story office tower expansion in Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the gut renovation of an existing eight-story building and structural addition above its roof level, bringing the structure up to 1.4 million square feet of Class A office space. The National Pension Service of Korea and Hines are also part of the development team and recently acquired $1.25 billion in construction financing for the property, which occupies a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South. The project team is aiming for both WELL and LEED Gold certification.

IBM Confirmed as Anchor Tenant for One Madison Avenue in Flatiron District, Manhattan

7:30 am on March 23, 2022 By Sebastian Morris

IBM will consolidate its New York City offices and relocate to One Madison Avenue, a commercial office tower renovation and expansion currently underway in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green Realty Corp, the project involves the construction of a 530,000-square-foot addition atop the original eight-story building, for a total of 1.4 million square feet of Class A office space.

Rendering of 520 Fifth Avenue and the Midtown skyline

Rabina Closes on $540M Financing Package for 520 Fifth Avenue Supertall in Midtown, Manhattan

7:30 am on March 9, 2022 By Sebastian Morris

New York development firm Rabina has closed on a $540 million construction package to complete a new supertall tower at 520 Fifth Avenue. Designed by Kohn Pedersen Fox, the structure will top out at 1,000 feet and contain a collection of condominiums and associated amenity spaces, boutique office space, a ground-floor retail component, and public recreation space.

Excavation Underway for Kohn Pedersen Fox’s 520 Fifth Avenue Supertall in Midtown, Manhattan

8:00 am on March 1, 2022 By Michael Young

Excavation is progressing at 520 Fifth Avenue, site of a 76-story mixed-use supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina Properties, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the 995-foot-tall, 507,608-square-foot structure will yield 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the project, which is located on a 10,625-square-foot lot at the corner of Fifth Avenue and West 43rd Street.

660 Fifth Avenue’s New Glass Façade Continues Installation in Midtown, Manhattan

8:00 am on January 18, 2022 By Michael Young

Work is continuing on the renovation of 660 Fifth Avenue, a 64-year-old, 39-story commercial building in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Brookfield Properties, the project involves an interior overhaul and a complete re-cladding, replacing the old aluminum envelope with a modern glass curtain wall. The 1.25 million-square-foot property is located along Fifth Avenue between West 52nd and 53rd Streets and was formerly addressed as 666 Fifth Avenue.

Demolition Begins for KPF-Designed Office Supertall at 343 Madison Avenue in Midtown East, Manhattan

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

Demolition work is ramping up at 343 Madison Avenue, the site of a 1,050-foot commercial supertall in Midtown East and number seven on our end-of-year countdown. Designed by Kohn Pedersen Fox and developed by Boston Properties, the 55-story structure will rise from a 25,000-square-foot rectangular site between East 44th and 45th Streets that is currently occupied by a 15-story building that formerly housed the Metropolitan Transportation Authority headquarters. The new tower will yield 832,613 square feet of office space, 5,357 square feet of retail space, and 5,357 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. Rezoning plans for 343 Madison Avenue were approved by the City Council in mid November.

520 Fifth Avenue Awaits Supertall Construction in Midtown, Manhattan

8:00 am on December 20, 2021 By Michael Young

At number 12 on our construction countdown is 520 Fifth Avenue, a proposed 995-foot-tall mixed-use skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina Properties, who took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the 507,608-square-foot structure will yield 98 residential units, commercial space, and four cellar levels. Permit applications that were filed in the beginning of 2021 for the project, which is located at the corner of Fifth Avenue and West 43rd Street.

660 Fifth Avenue’s Re-cladding Continues in Midtown, Manhattan

8:00 am on November 10, 2021 By Michael Young

The new glass curtain wall continues to rise up the sides of 660 Fifth Avenue, a 39-story commercial building in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Brookfield Properties, the project involves interior renovations and the complete re-cladding of the 1957 office tower originally designed by Carson & Lundin. The 1.25 million-square-foot property is located along Fifth Avenue between West 52nd and 53rd Streets and was formerly addressed as 666 Fifth Avenue.

One Madison Avenue’s Renovation and Expansion Progresses in The Flatiron District, Manhattan

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

Work continues to progress on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Midtown, Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the construction of a steel-framed structure atop the current eight-story building, which was partially demolished and is in the process of being excavated and gutted. The property takes up a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South, and sits directly adjacent to the 112-year-old Metropolitan Life Insurance Company Tower. The developers, which also include the National Pension Service of Korea and Hines, successfully acquired $1.25 billion in construction financing and are aiming to achieve both WELL and LEED Gold certification, as well as incorporating state-of-the-art HVAC and circulation systems to improve interior air quality and overall cleanliness. AECOM Tishman is serving as the general contractor.

SUMMIT One Vanderbilt Opens To The Public In Midtown East, Manhattan

8:00 am on October 22, 2021 By Michael Young

SUMMIT One Vanderbilt, New York City’s fifth public high-rise observatory, officially opened to the public yesterday afternoon at 1:00 PM. A group of SL Green Realty executives, SUMMIT One Vanderbilt creators, One Vanderbilt partners, and New York City leaders gathered atop the 91st floor of the 65,000-square-foot indoor-outdoor venue earlier yesterday morning to give speeches and cut a ceremonial ribbon before the first visitors arrived.

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