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.
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.
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.
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.
A landmarked five-story, turn-of-the-century office building at 250 Fifth Avenue, on the corner of 28th Street in NoMad, may become a hotel and grow a 23-story tower behind it. Alteration applications were filed yesterday to expand the building to 23 stories, but the developer tells us that the single-story storefronts on 28th Street, behind the hotel, will support the new tower.