Work is continuing to progress behind scaffolding on the Korean Cultural Center of NYC, a seven-story structure at 122-126 East 32nd Street in Murray Hill. Designed by SAMOO Architecture PC and developed by Level Group, the 36,500-square-foot edifice will serve as the headquarters for the Consulate General of the Republic of Korea, NY, which purchased the property in March 2008 at a cost of $15.8 million. This sale also included the use of nearly 4,500 square feet of air rights. Construction took a quite some time to commence, and ground broke in June 2018 for the 120-foot-tall project. KSK Construction Group is the general contractor for the building, which sits between Park Avenue South and Lexington Avenue. The developers are aiming for LEED Certification.
Exterior work is wrapping up on 1245 Broadway, a 23-story commercial building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Sweden-based Klövern AB, the 318-foot-tall, LEED Gold structure will yield 200,000 square feet of office space with leasing handled by CBRE. StructureTech NY and Triton Construction are building the Midtown, Manhattan project, which stands at the corner of West 31st Street and Broadway.
Construction is nearing completion on 30 East 31st Street, a 39-story residential tower in NoMad. Designed by Morris Adjmi Architects and developed by Ekstein Development and Pinnacle Real Estate, the 479-foot-tall structure will yield 70,000 square feet and 42 units marketed by Reuveni Real Estate. The homes average 1,700 square feet and range in price from $1.65 million to upward of $12 million. 30 East 31st Street is located between Madison Avenue and Park Avenue South.
Excavation and foundation work are progressing at 220 West 28th Street, site of Fashion Institute of Technology‘s New Academic Building in the Garment District of Chelsea. Designed by SHoP Architects, the ten-story, 110,000-square-foot structure will rise from a slender rectangular plot between Seventh and Eighth Avenues. The site is within walking distance of Penn Station, Madison Square Garden, and Moynihan Train Hall and is aiming for LEED Gold certification. EE Cruz & Company Inc. is the general contractor for the project.
Work continues to progress on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Midtown, Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the construction of a steel-framed structure atop the current eight-story building, which was partially demolished and is in the process of being excavated and gutted. The property takes up a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South, and sits directly adjacent to the 112-year-old Metropolitan Life Insurance Company Tower. The developers, which also include the National Pension Service of Korea and Hines, successfully acquired $1.25 billion in construction financing and are aiming to achieve both WELL and LEED Gold certification, as well as incorporating state-of-the-art HVAC and circulation systems to improve interior air quality and overall cleanliness. AECOM Tishman is serving as the general contractor.