Midtown

Foundations Underway for 47-Story Skyscraper at 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on December 8, 2022 By Michael Young

Number 24 on YIMBY’s countdown of the tallest projects underway in New York is 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 520-foot-tall structure will span 430,000 square feet and yield 453 units, with 137 for moderate and middle incomes, as well as 9,000 square feet of retail space, over 20,000 square feet of residential amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

Preliminary rendering of Caesars Palace Times Square - Courtesy of SL Green

Roc Nation Partners With SL Green, Caesars Entertainment for Proposed Casino at 1515 Broadway in Times Square

7:00 am on December 6, 2022 By Sebastian Morris

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.

405 Park Avenue’s Demolition Continues in Midtown East, Manhattan

7:30 am on December 4, 2022 By Michael Young

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.

Sutton Tower Wraps Up Construction at 430 East 58th Street in Sutton Place, Manhattan

8:00 am on November 28, 2022 By Michael Young

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.

Exterior view of penthouse office suites at 520 West 20th Street - Courtesy of Elijah Equities

JLL Reveals Penthouse Office Suites at 520 West 20th Street in Chelsea, Manhattan

7:00 am on November 28, 2022 By Sebastian Morris

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.

Turken House’s Façade Takes Shape at 300 East 41st Street in Murray Hill, Manhattan

7:30 am on November 27, 2022 By Michael Young

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.

Demolition for New Rolex US Headquarters Continues at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on November 26, 2022 By Michael Young

Demolition is progressing on Rolex’s old 12-story International Style headquarters at 665 Fifth Avenue in Midtown to make way for a 25-story replacement. Designed by David Chipperfield Architects and developed by Rolex Realty Company, the new structure will feature a modern glass curtain wall and yield office and retail space for the iconic watchmaker. Titan Industrial SVC Corp. is the general contractor in charge of demolition at the property, which is located at the corner of Fifth Avenue and East 53rd Street.

Rendering of 295 Fifth Avenue with its new rooftop penthouse

Developers Close on $150M Loan to Complete Renovations at 295 Fifth Avenue in Midtown, Manhattan

7:30 am on November 25, 2022 By Sebastian Morris

Tribeca Investment Group, Meadow Partners, and PGIM Real Estate have secured $150 million in construction financing to complete a commercial modernization project at 295 Fifth Avenue in Midtown, Manhattan. Construction recently completed on a penthouse addition, bringing the structure to 19 stories and 710,000 square feet.

550 Madison Avenue’s New Public Plaza Opens in Midtown East, Manhattan

8:00 am on November 19, 2022 By Michael Young

The new public plaza at 550 Madison Avenue, a 37-story commercial skyscraper in Midtown East, is now open. Designed by Snøhetta, the landscape architect for the garden and the design architect for the tower repositioning, and developed by The Olayan Group and RXR Realty, the new privately owned public space (POPS) is enclosed with a 70-foot-tall steel-framed glass canopy and is part of a larger renovation of the Philip Johnson-designed postmodern landmark, along with a revamped lobby designed by Gensler. AECOM Tishman was the general contractor for the 21,000 square feet of renovations at the property, which is located between East 55th and 56th Streets.

Studio Sofield Reveals Residential Amenities at 111 West 57th Street in Midtown, Manhattan

8:00 am on November 14, 2022 By Michael Young

Last week, YIMBY attended a special unveiling of the amenity spaces at 111 West 57th Street, a 1,428-foot residential supertall on Billionaires’ Row in Midtown. Designed by SHoP Architects and developed by JDS Development Group, Property Markets Group, and Spruce Capital Partners, the 84-story skyscraper yields 60 units and incorporates the restored Steinway Hall, the landmarked former showroom of the Steinway & Sons piano company. Corcoran Group is the exclusive sales and marketing representative for the property, which is located between Sixth and Seventh Avenues. Available residences range from $7,750,000 to $66,000,000.

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