Construction is full swing on the Terminal Warehouse, a seven-story commercial conversion at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project will overhaul the 121-year-old warehouse structure and yield a mix of Class A office suites, retail space, and dining options. L&L and Normandy Real Estate Partners purchased the Terminal Warehouse in 2018 for $880 million, and CBRE helped to arrange construction funding from the Blackstone Real Estate Debt Strategies platform, Goldman Sachs, KKR, and Oaktree Capital Management. New Line Structures & Development is the general contractor for the property, which is bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.
Construction is wrapping up on Lyra NYC, a 52-story residential skyscraper at 555 West 38th Street in Hudson Yards. Designed by Pelli Clarke Pelli Architects with SLCE Architects as the architect of record and developed by Rockrose, the 570-foot-tall tower will yield 598 rental units in studio to two-bedroom layouts. Site C GC is the general contractor for the property, which is located along Eleventh Avenue between West 38th Street and West 39th Street, directly across from the Jacob K. Javits Center.
Construction has topped out on Fashion Institute of Technology‘s ten-story New Academic Building at 220 West 28th Street in the Garment District of Chelsea. Designed by SHoP Architects, the 110,000-square-foot structure is engineered to achieve LEED Gold certification and will yield new classrooms, administrative offices, review and exhibition spaces, and a student quad illuminated by skylights. EE Cruz & Company is the general contractor for the Midtown, Manhattan project, which is located between Seventh and Eighth Avenues, within close proximity of Penn Station, Madison Square Garden, and Moynihan Train Hall.
The Port Authority of New York and New Jersey has selected Foster + Partners and Epstein to help reimagine Manhattan’s 72-year-old Midtown Bus Terminal in Times Square. The replacement project will create a new terminal for New York City buses, dedicated spaces for intercity buses, staging areas, electric vehicle charging stations, outward-facing retail, and 3.5 acres of public green space.
Construction is closing in on completion on 50 Hudson Yards, a 58-story commercial supertall in Hudson Yards and the final component of the first phase of the master plan. Designed by Foster + Partners and developed by Related Companies and Oxford Properties, the 1,011-foot-tall skyscraper will yield 2.9 million square feet of office space, making it the largest building by volume in the complex. ArcelorMittal provided the steel components, Langan Engineering is the civil and environmental engineer, and WSP is the structural and MEP engineer for the property, which occupies a full block bound by West 34th Street to the north, West 33rd Street to the south, Tenth Avenue to the east, and Hudson Boulevard to the west.