Midtown

36-Story Midtown Office Tower At 65 East 55th Street Getting Major Renovations

4:00 pm on March 31, 2016 By Reid Wilson

The 36-story, 615,850-square-foot office building at 65 East 55th Street, in Midtown, is currently receiving a $25 million renovation now that a majority of the tower is in between commercial leases. Construction on the first phase of renovations began earlier this year and includes a redesigned 41-foot-tall lobby and upgraded elevators, according to Commercial Observer. Once tenants vacate additional areas of the building this summer, work will begin on 20,000 square feet of amenities. Dubbed The Club, it will feature a fitness center, a recreational lounge, a bistro, and a conference center. A new outdoor plaza, with seating, vegetation, a sculpture, and a restaurant/bar, is also being constructed. Once completed, hundreds of thousands of square feet of office space will hit the market. Landlord Equity Office, a branch of Blackstone Group, acquired the 1985-built building in 2014 for $750 million.

82-Story, 139-Unit Residential Supertall Rising At 53 West 53rd Street, Midtown

10:00 am on March 22, 2016 By Reid Wilson

It was in September of 2015 that YIMBY last brought you a construction update on the 82-story, 139-unit supertall residential tower underway at 53 West 53rd Street, in Midtown. At the time, foundation work was well underway at the site, and now the structure is up two stories above street level, as seen in photos by Tectonic (h/t Curbed). The luxury tower, dubbed 53W53, is being designed by Ateliers Jean Nouvel. Thierry Despont is designing the interiors of the residential units. The apartments will come in one- to six-bedroom configurations, and the largest listing is currently a seven-bedroom penthouse. Amenities include a pool, a library, a wine vault, a fitness center, and a lounge. The Museum of Modern Art (MoMA) will also be located on the bottom floors of the building. Hines and Pontiac Land Group are the developers, and completion is expected in 2017.

Amenities Revealed At 25-Story, 262-Unit Condominium Conversion At 301 West 53rd Street, Midtown

1:00 pm on March 21, 2016 By Reid Wilson

In early 2015, HFZ Capital Group launched sales for the 262-unit condominium conversion of the 25-story, 264-unit rental apartment building at 301 West 53rd Street, in Midtown. The property, built in 1979, is currently undergoing the conversion. The residential units will come in one-, two-, and three-bedroom configurations, and YIMBY can now reveal the project’s 16,000 square feet of amenities. They include a marble-cladded lobby, an outdoor dog park, a landscaped rooftop terrace designed by Terrain, a library, a fitness center, a children’s playroom, and another outdoor terrace on the second floor. The interiors are being designed by BP Architects and the building is being redubbed Fifty Third and Eighth (previously The Metro). The building currently contains 16,000 square feet of ground-floor retail space.

BIG Plans Revealed For Two Penn Plaza Transformation

8:00 am on March 16, 2016 By Nikolai Fedak

Among the numerous hulking eyesores in New York City, Two Penn Plaza manages to make a particularly negative impact, and its placement above Penn Station helps cement the latter’s status as an architectural failure. But now we have a first look at plans to transform the structure completely, created by Bjarke Ingels Group/BIG for developer Vornado.

The History of Little Engine 23, at 215 West 58th Street

7:30 am on March 7, 2016 By Evan Bindelglass

Not everything happening on or near Billionaires’ Row is supertall. Some of it is supersmall, relatively speaking. Two months ago, the Landmarks Preservation Commission approved the restoration and renovation of an individual landmark in the midst of the coming towers. That gives us the perfect opportunity to tell you a little bit about Engine Company No. 23.

Times Square Theater, 2014. Via Google Maps.

Event Planner Leases Long-Vacant Times Square Theater At 217 West 42nd Street, Midtown

6:30 am on March 3, 2016 By Reid Wilson

The long-vacant Times Square Theater, located at 217 West 42nd Street, between Seventh and Eighth avenues in Midtown, may have another chance to be used, according to the New York Post. Singapore-based Oracle Projects International, which produces and designs events, has reportedly leased the property. The former theater is overseen by the state’s Historic Preservation Committee as well as New 42nd St, a nonprofit that leases the theater (and five others) in a 99-year lease. In recent years, the building was leased twice with different reuse projects in mind, but both failed to come to fruition. The latest plan would likely include, at the very least, minor alterations to, or a restoration of, the existing building. The building’s interior and exterior were on the Landmarks Preservation Commission’s backlog, but were removed from the calendar without prejudice last month.

Finalists for the "Reimagine a New York City Icon" contest for the MetLife Building.

MetLife Building Redesign Competition Finalists Announced

8:00 am on March 2, 2016 By Evan Bindelglass

Back in September, we told you about a competition to conceive a redesign of the MetLife Building. Earlier this week, the six finalists of the “Reimagine a New York City Icon” competition were announced. The competition, sponsored by Metals in Construction magazine and the Ornamental Metal Institute of New York, isn’t part of any actual process in the works to modify the Midtown office tower, but are fascinating ideas of what could be. Perhaps these ideas will be put into use at other buildings.

From Piano Row To Billionaires’ Row: Demolition Wraps Up On Three Buildings At 27-33 West 57th Street

5:36 pm on February 26, 2016 By Vitali Ogorodnikov

The stunningly tall towers rising along 57th Street are taking the Manhattan skyline to a whole new level. Despite their relatively small footprints, some projects are actually replacing true architectural gems. Between the end of 2014 and the beginning of 2016, the LeFrak Organization and Vornado Realty leveled three pre-war buildings at 27-33 West 57th Street. Although the latest reports indicated a “seven star hotel,” final plans are still unknown. Given the site’s Billionaires’ Row location and proximity to Central Park, whatever gets built will most likely be very tall, and very expensive.

41-Story, 670,000-Square-Foot Office Tower At 425 Park Avenue Lands Anchor Tenant, Midtown

10:00 am on February 19, 2016 By Reid Wilson

In late 2014, YIMBY brought you new renderings of the Foster + Partners-designed 41-story, 897-foot-tall office tower under development at 425 Park Avenue, between East 55th and 56th streets in Midtown, and now project has secured its anchor tenant with a city-wide record-breaking lease. According to Real Estate Weekly, Chicago-based Citadel will take roughly 200,000 square feet in the 670,000-square-foot building, with rents as high as $300 per square foot on the tower’s penthouse floors. The project, being developed byL&L Holding and GreenOak Real Estate, is aiming for L.E.E.D. Gold and WELL certifications. This past summer, the developers secured a $556 million construction loan and the site’s 32-story office predecessor has since been significantly demolished. The lower portion of the existing structure will be utilized in the new building and completion is expected in late 2018.

One Penn Plaza as seen from the southwest. Photo by Evan Bindelglass.

One Penn Plaza, Two Penn Plaza To Get Major Renovations, Interconnection, Midtown

10:00 am on February 18, 2016 By Reid Wilson

Following the state’s plan to upgrade and expand Pennsylvania Station, Vornado Realty Trust has announced plans to renovate and interconnect 57-story One Penn Plaza and 29-story Two Penn Plaza, completed in 1972 and 1968 respectively, into a massive 4.2-million-square-foot office complex. The two buildings are located directly adjacent to and above Penn Station, in Midtown, between West 31st and 34th streets and Seventh and Eighth avenues. According to The Real Deal, the renovation project would improve desirability and tenant mobility and allow for new retail and amenity opportunities. Two Penn Plaza would get a new floor-to-ceiling glass façade and One Penn Plaza would receive “a more conventional upgrade.” Start and completion dates have not been disclosed, and a designer has not yet been revealed.

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