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.
With the Hudson Yards and Manhattan West mega developments in Midtown dominating the news, it is easy to forget one sizable project just a block away. Hudson Commons is a major transformation of an eight-story warehouse built in 1962. An additional 17 floors will be added atop the black masonry-clad tower, bringing 700,000 square feet of new office space to the neighborhood. Cove Property and Baupost Group are responsible for the development.
Currently nearing the 1,100-foot elevation mark above West 57th Street, Central Park Tower is well on its way to a 1,550-foot pinnacle above the Midtown skyline and Billionaire’s Row. Now, the Adrian Smith + Gordon Gill designed tower at 217 West 57th Street has officially launched sales of the 179 units that will begin on the 32nd floor, and conclude with a triplex penthouse spanning over 17,000 square feet. Sales are being handled by Extell‘s in-house team.
In some good news, a space in Midtown overrun with cars is finally being given back to the pedestrians. Canoe plaza has officially opened, adding a green landscape to the formerly car-blighted lot. Shanti Nagel designed the avenue-long park on 36th Street between 9th and 10th Avenue. The development has occurred thanks to Quandrum Global, owner of the Arlo Hotel brand prominent throughout New York City.
Permits have been filed for an 11-story mixed-use building at 165 Lexington Avenue in Kips Bay, Manhattan. The site is four blocks away from the 33rd Street subway station, serviced by the 6 trains. Lexington Partners, a private equities firm with $38 billion in total assets, will be responsible for the development.