Following last year’s purchase of 685 Fifth Avenue, developer Michael Shvo has announced a partnership with Mandarin Oriental Hotel Group to manage a collection of condominiums within the property. Rounding out the development team for the project is Turkish investment group Bilgili Holding and investment management firm Deutsche Finance.
Recent photos from Tectonic show major progress at 50 Hudson Yards, the last and largest skyscraper to rise in the first phase of Related’s Hudson Yards master plan. The future commercial office building, designed by Foster + Partners and developed by Related Companies, Oxford Properties, and Mitsui Fudosan, will rise 1,011 feet tall and contain 2.9 million square feet of space. The site takes up one full city block just north of 30 Hudson Yards, and sits to the east of the 7 train entrance at Hudson Park.
A highly anticipated LPC hearing for the renovation and exterior alteration at the New York Public Library’s Stephen A. Schwarzman Building at 476 Fifth Avenue will take place later today. Earlier this month, the Landmarks Committee of Community Board 5 met to discuss proposed changes to the library that would introduce new outdoor areas.
In a surprise announcement, real estate investment firm RFR is in pursuit of a new anchor tenant to fill 300,000 square feet of Class-A office space at 345 Park Avenue South. The available space amounts to almost the entirety of the property, including a new private rooftop terrace.
Demolition permits have been filed for two buildings at 10-14 West 57th Street and 20 West 57th Street in Midtown, Manhattan. Located between 5th Avenue and 6th Avenue, the sites are steps away from the 57th Street subway station, serviced by the F train. Anthony Calicchio of Solow Realty & Development Group is listed as the owner behind the applications. Solow Realty has been methodically purchasing parcels on West 57th Street, including 7, 10-14, 16, 20-22; all near their quintessential office property—9 West 57th Street.