ODA’s 126 East 57th Street Climbs Above Podium Levels in Midtown, Manhattan

Construction continues to rise on 126 East 57th Street, a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall structure will yield 147 condominium units with an average scope of 1,156 square feet, as well as 5,000 square feet of lower-level retail space. WSP USA is the engineer and Plaza Construction is the general contractor for the property, which is located at the corner of East 56th Street and Lexington Avenue, with a narrow panhandle extension to East 57th Street.

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Rendering of 10th Avenue entrance, via Wells Fargo

Wells Fargo Begins Retail-to-Office Conversion of 20 Hudson Yards in Hudson Yards, Manhattan

Work is ramping up on the office conversion of a section of The Shops & Restaurants at Hudson Yards shopping mall in Hudson Yards, Manhattan. Designed by Kohn Pedersen Fox and developed by Related Companies, the project involves the replacement of 20 Hudson Yards’ façade and the repurposing of the top three stories of the former Nieman Marcus department store into 445,000 square feet of office space for Wells Fargo. The company plans to consolidate most of its New York workforce into the building, which will accommodate 2,300 employees and provide an easier link with its other employees spread across nine stories at 30 Hudson Yards.

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Rendering of the new Midtown Bus Terminal, courtesy of Port Authority of New York and New Jersey

Funding Approved For New Port Authority Bus Terminal In Midtown, Manhattan

Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.

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New Renderings Revealed for KPF’s 520 Fifth Avenue Supertall in Midtown, Manhattan

New renderings have been revealed for 520 Fifth Avenue, a 76-story residential supertall skyscraper under construction in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,000-foot-tall structure will span 415,000 square feet and yield 100 condominium units and commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, Charles & Co. is the interior designer, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

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Renderings Revealed for The Torch at 740 Eighth Avenue in Midtown, Manhattan

Renderings have been revealed for The Torch, a 1,067-foot mixed-use supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story structure will span 875,372 square feet and yield an 825-room hotel on the lower half and a public outdoor observation deck with a drop ride attraction above. The property will also feature lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the project, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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