L&L Holding Company

Black Construction Netting Shrouds 1568 Broadway for Imminent Demolition in Times Square

7:30 am on September 7, 2019 By Michael Young

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.

425 Park Avenue. Rendering by Dbox, courtesy of Foster + Partners

425 Park Avenue’s Crowning Trident Begins to Rise in Midtown East

8:00 am on August 12, 2019 By Michael Young

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.

Rooftop Addition for 150 Fifth Avenue Tops Out Over the Flatiron District

7:30 am on July 1, 2019 By Michael Young

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.

Norman Foster’s 425 Park Avenue Heads for 897-Foot Pinnacle Above Midtown East

8:00 am on June 10, 2019 By Michael Young

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.

1568 Broadway, Rendering courtesy of ARX Solutions

1568 Broadway Begins Billboard Removal Ahead of Structural Demolition, in Times Square

8:00 am on May 11, 2019 By Michael Young

Black shrouds and scaffolding have gone up over 1568 Broadway’s lower floors as crews begin the process of removing its Times Square-facing billboards and marquees. Meanwhile, workers are beginning to gut the interiors of the 470-foot-tall tower ahead of its imminent demolition. Built in 1990, the current DoubleTree hotel will eventually make way for a new 46-story DoubleTree Suites by Hilton. The proposed 550,000-square-foot development, which will be called TSX Broadway, will preserve of the 106-year-old Palace Theatre by raising it three stories up from the ground floor, making way for retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group. The site was previously purchased for $450 million.

TSX Hotel at 1568 Broadway Prepares For 2019 Demolition in Times Square

7:30 am on December 31, 2018 By Michael Young

While the flashing marquee lights and LED billboards of 1568 Broadway continue to brighten the crossroads of the world, the light bulbs and digital screens will one day turn off as the building prepares for demolition. Plans for the DoubleTree Suites by Hilton call for an entirely new 46-story, 550,000 square foot building dubbed TSX Broadway. The 106-year old Palace Theatre will be the only part of the original site to be preserved, structurally elevated, and integrated into the $2.5 billion dollar redevelopment. L&L Holding Company, Maefield Development, and Fortress Investment Group are the developers who purchased the site for $450 million dollars.

Norman Foster’s 425 Park Avenue Officially Tops Out 897 Feet Atop Midtown East, Manhattan

8:00 am on December 15, 2018 By Michael Young

425 Park Avenue held its official topping-out ceremony on December 3, 2018. Its architect Lord Norman Foster, head of Foster + Partners, along with several keynote speakers including David Levinson of L&L Holding Company LLC and Masaoki Kanematsu of Tokyu Land Corporation spoke at the reception, held on the 20th floor of the the building’s first and largest tiered setback. The 41-story, 897-foot tall building is the 17th-tallest building under construction in New York City, and has grown out of the old remains of the original structure that formerly stood on site. The un-demolished section is being repurposed as part of Midtown’s first new full-block office skyscraper in over 50 years. The tower is being developed by L&L Holding Company LLC while Adamson Associates is the architect of record.

425 Park Avenue. with concrete reaching the top floor and steel just fifteen floors below, image by Andrew Campbell Nelson

425 Park Avenue’s Concrete Core Reaches Top Floor in Midtown East

8:00 am on October 22, 2018 By Andrew Nelson

Construction is moving fast for 425 Park Avenue, as is the curtain wall. The new Midtown office tower rising on Manhattan’s most prestigious thoroughfare saw steel begin climbing rapidly as soon as construction breeched the original partially-demolished extant structure. As it now stands, topping out appears imminent. The concrete core has reached the top floor, while the steel has 15 more stories remaining before its final 41st level. L&L Holding Company is responsible for the development.

Demolition of 1568 Broadway Set to Begin This Winter For “TSX Broadway” in Times Square

7:30 am on September 28, 2018 By Michael Young

The DoubleTree Suites by Hilton has long been located at the intersection of 7th Avenue and West 47th Street. But in a few more years, the soon-to-be former hotel will house Times Square’s newest project, a nearly $2.5 billion redevelopment by L&L Holding Company, Maefield Development, and Fortress Investment Group. With the site purchased for $450 million, they plan to demolish the existing hotel and create a new 550,000 square foot and 46-story skyscraper, dubbed TSX Broadway. Plans also integrate the 105-year old Palace Theater. Approved by the Landmark Preservation Commission in November 2015, the historic structure will be lifted from its foundations and placed 30 feet above street level.

Foster + Partners-Designed 425 Park Avenue Begins Slow Rise in Midtown East

8:00 am on March 2, 2018 By Andrew Nelson

425 Park Avenue in Midtown East has been the focus of much interest, with good reason. Unlike the full demolition and larger replacement impending for the Union Carbide Building, the old pre re-zoning regulations forced 425 Park’s developers to maintain 25% of the extant structure in order to build to its exact original square footage. Now, steel and concrete for the Foster + Partners creation are finally rising above the old shell, and the project is slowly moving upwards and into the neighborhood skyline.

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