Roc Nation, the entertainment agency founded by Jay-Z, is the latest partner to support a proposed casino at 1515 Broadway in Times Square, Manhattan. The project, currently known as Caesars Palace Times Square, was first announced by developer SL Green and Caesars Entertainment and could provide billions of dollars in tax revenue to New York City and New York State.
Demolition is progressing at 405 Park Avenue, the site of a possible new skyscraper in Midtown East, Manhattan. Though original plans called for a renovation and addition atop the existing 17-story occupant, full demolition permits were issued for the structure in January 2021. MRP Realty is the owner and Titan Industrial SVC Corp. is the demolition contractor for the property, which is located at the corner of Park Avenue and East 54th Street.
Construction is wrapping up on Sutton Tower, a 67-story residential skyscraper at 430 East 58th Street in the Sutton Place section of Midtown East. Designed by Thomas Juul-Hansen and developed by Gamma Real Estate and JVP Management, the 850-foot-tall structure yields 121 units with sales and marketing led by Corcoran Sunshine Marketing Group. Stephen B. Jacobs Group is the architect of record and Lendlease is the general contractor for the property, which is located between Sutton Place South and First Avenue.
Elijah Equities and JLL have revealed a pair of duplex penthouse office suites at 520 West 20th Street in Manhattan, following a major renovation and expansion of the former industrial building. Located on the western edge of Chelsea, the 100,000-square-foot property was transformed by Morris Adjmi Architects to suit gallery and enterprise commercial tenants.
Façade work is moving along on Turken House, a 21-story residential building at 300 East 41st Street in the Murray Hill section of Midtown. Designed by Perkins + Will and developed by non-profit The Turken Foundation, which assists Turkish students in earning scholarships and job opportunities in the United States, the 227-foot-tall structure will yield 80,000 square feet with 82 turnkey residences in single- and double-occupancy configurations. Fast Track Construction is the general contractor for the property, which is located at the corner of East 41st Street and Second Avenue, near the United Nations and Grand Central Terminal.