Midtown South

155 West 23rd Street

Neglected 12-Story Office Building At 155 West 23rd Street Getting Renovation, Midtown South

The Kaufman Organization and Goldman Sachs have paid $45 million for a 99-year ground-lease on 155 West 23rd Street, in Midtown South, which is owned by Gary Barnett. Crain’s reports the existing 12-story, 82,000 square-foot office building will undergo a $10 million renovation immediately, which will include fixes to the roof, windows, and interior. Completion is expected by 2016, and ground-floor retail space will also be included.


45 East 22nd Street

45 East 22nd Street Quickly Climbing Into Midtown South Skyline

Out of all the towers currently under construction in Manhattan, the most significantly relative to its surrounding neighborhood is likely 45 East 22nd Street. The Kohn Pedersen Fox-designed building will eventually stand 777 feet tall, but it’s already poking above the local concrete jungle, and its sloped cantilever is also now obvious, per the latest from Tectonic.

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38 West 33rd Street

36-Story, 198-Unit Mixed-Use Project At 38 West 33rd Street Financed, Midtown South

Over a year ago, applications were initially filed for a 36-story, 198-unit mixed-use building planned at 38-46 West 33rd Street in Midtown South, and then YIMBY revealed a rendering of the project this past summer. Now, The Torkian Group has landed a $105 million construction loan for their 220,000 square-foot building, Commercial Observer reports. As previously reported, 198 residential units will spread across 160,029 square feet of residential space, with units averaging roughly 800 square feet, and ground-floor retail will measure 5,872 square feet. Stephen B. Jacobs Group is designing, and excavation work is currently underway.


150 West 34th Street

Vornado Realty Acquires Retail Building At 150 West 34th Street For $355 Million

Vornado Realty Trust has acquired the low-rise retail building at 144-150 West 34th Street, in Midtown South, for $355 million from a partnership between Starwood Capital Group and Crown Acquisitions. The three-story, 78,000 square-foot building is leased by Old Navy; their lease expires in five years, and the property boasts 300,000 square feet of commercial building rights if redeveloped.


11 East 31st Street

30-Story Boutique Hotel Nearly Topped-Out At 11 East 31st Street, Midtown South

YIMBY noted construction beginning in January 2014 at 11 East 31st Street, in Midtown South, where Simone Development Group is developing a mid-rise boutique hotel, with partners KSNY and Geolo Capital. The building is near topping out and has begun to receive its façade, according to A Fine Blog. Dubbed the Tommie Hotel, the tower is now expected to stand 30 stories, accommodating 120 hotel units across 108,120 square feet. Gwathmey Siegel Kaufman Architects is designing, and completion is expected in 2016.


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