The historic Terminal Warehouse in West Chelsea will soon undergo a transformative renovation to accommodate a mix of first-class office space, new dining area, and ground-floor retail. L&L Holding Company and Normandy Real Estate Partners are working in collaboration to redevelop the 1.2-million-square-foot property, which occupies an entire city block from Eleventh to Twelfth Avenue and 27th to 28th Street.
L&L Holding Company
Preparation for the demolition of 1568 Broadway is continuing to gear up as scaffolding and construction netting now shroud almost the entire 46-story Times Square tower. The 29-year old structure served as a DoubleTree hotel and will be replaced by a new hotel, with tenants yet to be announced. The proposed 550,000-square-foot development is called TSX Broadway and will preserve and lift the 106-year-old Palace Theatre three stories above the ground floor to make way for new retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group.
Construction has begun on the structural frames for 425 Park Avenue‘s trio of decorative parapet fins in Midtown East. The 47-story, 897-foot-tall building is designed by Norman Foster, head of Foster + Partners, and is being developed by L&L Holding Company LLC. Adamson Associates is the architect of record.
The final steel beam was ceremoniously lifted into place for the addition on 150 Fifth Avenue in the Flatiron District, in an event attended by leaders of L&L Holding Company and OC Development Management (OCDM). More than 100 construction workers, designers, and engineers were also present for the dedication and signed their names on the beam. The expansion features a two-story, 35,000 square-foot rooftop structure, part of a multi-million-dollar renovation and modernization of the landmarked 11-story building. The entire property will become the new home for Mastercard. STUDIOS Architecture is the design firm behind the project.
Construction on 425 Park Avenue in Midtown is charging ahead toward completion, with the upper floors now taking shape. The 47-story, 897-foot-tall building is designed by Norman Foster, head of Foster + Partners, and is being developed by L&L Holding Company LLC. Adamson Associates is the architect of record. The final major elements yet to be assembled are the three glass fins that will stand atop the flat roof parapet. This architectural detail will define the tower among the surrounding buildings, especially when illuminated at night.