Midtown

The Frame Building’s Office Conversion Progresses at 541 West 21st Street in West Chelsea, Manhattan

Renovation work is progressing on The Frame Building, an eight-story commercial building at 541 West 21st Street in West Chelsea. Designed by Mancini Duffy and Pizzacora and developed by Higher Ground Development, the project involves the complete gutting and office conversion of the 65,000-square-foot former warehouse as well as a full façade replacement. The 106-year-old structure stands directly adjacent to Foster + Partners‘ 551 West 21st Street and had previously served as a storage facility and art gallery. Erbo Properties LLC is the owner, JLL is the brokerage, and Cauldwell Wingate is tasked with the new construction on the property, which is located by the corner of West 21st Street and West Street.

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Work Continues on Crown Building’s Conversion Into Aman New York at 730 Fifth Avenue in Midtown, Manhattan

Work continues to progress on the hotel and residential conversion of the 100-year-old Crown Building at 730 Fifth Avenue in Midtown into the Aman New York. Designed by Jean-Michel Gathy and developed by OKO Group, the project involves the construction of a low-rise annex and the restoration and repurposing of the original 26-story structure, which was designed by Warren and Wetmore and served as the first home of the Museum of Modern Art. The property is located at the corner of Fifth Avenue and West 57th Street.

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131-141 East 47th Street Rises Above Street Level in Midtown East, Manhattan

Construction is now above street level on 131-141 East 47th Street, a 500-foot-tall residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Silverback Development, the 34-story structure will yield 200 apartments ranging from studios to two-bedroom units as well as 5,000 square feet of ground-floor retail space with frontage along West 47th Street. Silverback was brought onto the project by Hopson Development Holdings, which purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Structure Tech New York and Cauldwell Wingate are constructing the building.

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3 Sutton Place’s Crown Installation Progresses in Midtown, Manhattan

Crown work is moving along on 3 Sutton Place, an 847-foot-tall residential skyscraper at 430 East 58th Street in Midtown East. Designed by Thomas Juul-Hansen and developed by Gamma Real Estate with Stephen B. Jacobs Group as the executive architect, the 62-story tower is located between Sutton Place South and First Avenue and will yield 121 residential units with sweeping views of Manhattan. The site is a short walk from the Sutton Place Park North esplanade that overlooks the East River, Roosevelt Island, and Long Island City.

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435 West 19th Street’s Steel Addition Rises in Chelsea, Manhattan

Construction is progressing on 435 West 19th Street, a three-story addition and residential conversion of a former warehouse building in Chelsea, Manhattan with Rand Engineering and Architecture listed as the architect of record. The steel-framed expansion will bring the structure to eight total stories with 18 units averaging 1,400 square feet apiece. Churchill Real Estate Holdings is the owner of the site, which went through a bankruptcy auction led by Meridian Investment Sales in the early months of 2020. The original owner Six Sigma filed for bankruptcy twice with over $40 million in debt after purchasing the property for $21 million in 2014. Countywide Builders Inc. is the general contractor for the project, which is located between Ninth and Tenth Avenues.

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