Construction is wrapping up on 150 West 48th Street, a 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 418-foot-tall, 320,000-square-foot structure will yield 1,046 hotel rooms across a Hampton Inn, a Home 2 Suites, and a Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown, Manhattan site from Rockefeller Group in early 2019 at a cost of $140 million and received a $250 million loan before construction broke ground in 2020. Omnibuild is in charge of erecting the tower, which is located by the corner of West 48th Street and Seventh Avenue.
Ancora Engineering was the engineer of record for the previous demolition and current excavation.
ABS Partners Real Estate has completed a $50 million renovation of LX57, a 20-story office tower at 695 Lexington Avenue in Sutton Place, Manhattan. Led by Gensler‘s design studio, the project entailed a full restoration on the building’s façade, modernization of the commercial lobby, new signage at the ground floor, window upgrades, LED lighting, and contemporary pre-built office suites. The property is located at the corner of Lexington Avenue and 57th Street.
Permits have been filed for a 23-story mixed-use building at 250 W 49th Street in Midtown, Manhattan. Located between Broadway and Eighth Avenue, the lot is one block west of the 49th Street subway station, serviced by the N, R, and W trains. The Hakimian Organization is listed as the owner behind the applications.
Construction is continuing on the Mandarin Oriental Residences Fifth Avenue, a 29-story residential conversion at 685 Fifth Avenue in Midtown, Manhattan. Designed by Marin Architects and developed by SHVO in partnership with Deutsche Finance, the $135 million project will convert 100,000 square feet of former office space into a condominium property managed by Mandarin Oriental Hotel Group, above Fifth Avenue retail frontage marketed by Brookfield Properties. The Rinaldi Group of New York, LLC is the general contractor of the project, which is located between East 53rd and East 54th Streets.