Demolition is moving along on JP Morgan Chase‘s 52-story headquarters at 270 Park Avenue. Formerly referred to as the Union Carbide Building, the financial company is in the midst of razing the 707-foot-tall mid-century skyscraper in order to make way for a 1,425-foot-tall, 2.5-million-square-foot supertall, which will be one of the tallest structures in New York City.
Exterior work is moving along at 12 East 48th Street, a 367-foot-tall Hilton Grand Vacation Hotel in Midtown East. The 125,000-square-foot tower is designed by Handel Architects and developed by Hidrock Realty and will contain 161 guest rooms. Desimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the edifice.
Construction has topped out at 249 East 50th Street, a 15-story residential building in Turtle Bay, Manhattan. Designed by Issac & Stern Architects and developed by Tun Kyaw, the building stands 151 feet tall and will span 50,000 feet.
Full demolition permits have been filed for 686 Lexington Avenue and 126 East 57th Street in Midtown East. According to the filings, the two abuting sites are owned by MRR Development, a partnership between Rotem Rosen, Anand Mahindra, and Zahi Hagag. Under the MRR 1326 LLC, the firm also owns the vacant land on the northwest corner of East 56th Street and Lexington Avenue. 126 East 57th Street is a five-story mixed-use building built in 1920 on a 1,665-square-foot lot with six residential units and two commercial units on the ground floor and 686 Lexington Avenue is a five-story office building built in 1922 on a 3,000-square-foot lot.
Plans for 343 Madison Avenue in Midtown East unveil the substantial size and scope of the supertall to take the place of the former Metropolitan Transportation Authority (MTA) headquarters. Boston Properties is developing the project that would comprise 925,630 square feet and rise 1,050 feet tall, with Class A office space above ground-floor retail. The building would yield 5,357 square feet of retail space on the ground floor, 832,613 square feet of commercial office space above, and 84,593 square feet of dedicated mechanical space. The tower would sit on a podium 301 feet tall.