Construction has topped out on the two-story addition on the Textile Building, a 16-story commercial building at 295 Fifth Avenue in Midtown South, Manhattan. Designed by Studios Architecture and developed by Tribeca Investment Group, PGIM Real Estate, and Meadow Partners, the $350 million project involves the expansion and gut renovation of the 100-year-old structure, which is located between East 30th and East 31st Streets, a short walk to the Empire State Building. CBRE is handling marketing of the 700,000 square feet of updated office space.
Construction is currently ahead of schedule on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Manhattan’s historic Flatiron District. As of today, 100 percent of demolition work is complete and structural reinforcement is underway.
295 Fifth Avenue in Midtown South will soon receive a $350 million redevelopment at the hands of Tribeca Investment Group, PGIM Real Estate, and Meadow Partners. The full-block, 16-story “Textile Building” will have 700,000 square feet of updated office space. Studio Architecture is responsible for the design and CBRE is handling marketing.
SL Green recently celebrated the commencement of construction at One Madison Avenue, a new 1.4-million-square-foot office building in the Flatiron District. The project entails the expansion and redevelopment of an existing 13-story structure into a 27-story Class A office building.
The Pestana NY East Hotel at 23 East 39th Street celebrated its grand opening earlier this week. Designed by Gene Kaufman Architect, the building stands 27 stories above Midtown, Manhattan. The 40,000 square foot structure contains 96 guest rooms, a fitness center, a bar, and an outdoor patio. Select guest suites offer balconies with clear views of the Empire State Building. At the ground floor, the lobby of includes a fireplace and a small lounge for breakfast and casual dining.