Situated at the southwestern corner of Fifth Avenue and West 29th Street is the site of a proposed 1,009-foot condominium tower, known as 262 Fifth Avenue. Renderings were first released in late 2017, showing the very skinny and slender residential building towering over NoMad and Midtown South. Composed of a mix of glass and aluminum walls, the supertall would certainly stand out on the skyline for its height and profile. After the DOB approved plans back in October of 2017, the site was quickly cleared of the previously extant low-rise buildings, however, activity has come to a grinding halt since then. Boris Kuzinez of Five Points Development is developing the tower, while the architect is Meganom, a Russian design firm from Moscow.
A new, mixed-use hotel tower has topped-out just south of Koreatown, in Manhattan, at 292 Fifth Avenue. From developer Sam Chang, the property is his second Midtown hotel currently approaching its completion date.
Located at 1225 Broadway between West 29th Street and West 30th Street and between Sixth Avenue and Broadway, a new Virgin Hotel is set to rise 476 feet above NoMad. The project will have nearly 300,000 square feet of space, with 460 hotel rooms and 90,000 square feet of retail in the tower’s podium. The building is being designed by VOA Associates and developed by the Lam Group. Sir Richard Branson of Virgin Group is in charge of the 38-story hotel management.
A new, 22-story Hyatt Centric Hotel has topped-out just a short walk from Bryant Park and Grand Central Terminal. Located at 16 East 39th Street, the hotel will include 162 short-stay rooms, a rear courtyard, along with restaurant and lounge areas positioned on both ground and rooftop levels. In total, the hotel will comprise 77,858 square feet.
While the flashing marquee lights and LED billboards of 1568 Broadway continue to brighten the crossroads of the world, the light bulbs and digital screens will one day turn off as the building prepares for demolition. Plans for the DoubleTree Suites by Hilton call for an entirely new 46-story, 550,000 square foot building dubbed TSX Broadway. The 106-year old Palace Theatre will be the only part of the original site to be preserved, structurally elevated, and integrated into the $2.5 billion dollar redevelopment. L&L Holding Company, Maefield Development, and Fortress Investment Group are the developers who purchased the site for $450 million dollars.