Four years ago, Chetrit Group paid $26.5 million for four lots on West 37th and West 38th Streets between 10th and 11th Avenues, near Hudson Yards and the Javits Center. Now Joseph Chetrit’s firm has filed applications for a 46-story, 622-foot-tall tower with a hotel and apartments there, at 545 West 37th Street.
Last year, Tishman Speyer paid two tenants $25 million to vacate a small apartment on its development site in Hudson Yards. The hefty settlement cleared the way for the commercial real estate developer to build a massive office tower at 509 West 34th Street, between 10th and 11th avenues. Now the firm has filed plans for the 64-story building, which has been named “The Spiral” and comes with a second address at 66 Hudson Boulevard.
In March, renderings of the Turkevi Center appeared, a planned mission, consulate, and residential tower for the Republic of Turkey. Now the Turkish consulate has filed applications for the 35-story development at 821 First Avenue, at the corner of 46th Street.
Japanese budget hotel operator Toyoko Inn Co. is planning a huge hotel in Long Island City. The company has filed applications for a 50-story hotel—its first one in the U.S.—at 24-09 Jackson Avenue, between 45th Avenue and 23rd Street.
Property owner Feil Organization is now clearing out a majority of the 14-story, 80,000-square-foot commercial building at 140 West 57th Street, along “Billionaires’ Row” in Midtown. The third through 14th floors are possibly getting a condominium conversion, the New York Post reported, although plans are not yet confirmed. The space could also get an office renovation or a hotel conversion, but plans for apartments have already been drawn up and are apparently further along. The three-level Morton Williams supermarket, located along the street level, will be unaffected. The property is an individual landmark, which means any exterior alterations that go into a renovation or conversion must be approved by the Landmarks Preservation Commission.
