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.
Work is progressing on the steel superstructure of 270 Park Avenue, JP Morgan Chase‘s new 1,425-foot supertall headquarters in Midtown, Manhattan. The 2.5-million-square-foot skyscraper is located between Park and Madison Avenues and 47th and 48th Streets and replaces the Union Carbide Building, which is now fully demolished.
Construction has topped out on the ten-story addition atop 685 Fifth Avenue, a 100,000-square-foot office-to-condominium conversion in Midtown, Manhattan. Designed by Marin Architects and developed SHVO in partnership with Deutsche Finance, the $135 million project will yield 69 condominium units designed by March and White Design and managed by Mandarin Oriental Hotel Group, as well as retail space with Fifth Avenue frontage marketed by Brookfield Properties. Coach, Stuart Weitzman, and TAG Heuer currently operate their stores on the lower floors of the edifice while work progresses above.
Times Square is now home to the newest edition of Margaritaville’s international lodging portfolio. The latest property, Margaritaville Resort Times Square, is located at 560 Seventh Avenue in Manhattan and officially opened its doors this summer.
The new glass curtain wall has begun installation on 660 Fifth Avenue, a 39-story commercial building in Midtown, Manhattan. Formerly addressed as 666 Fifth Avenue, the office tower is in the process of having its mid-century façade replaced with a modern envelope in a project designed by Kohn Pedersen Fox and developed by Brookfield Properties. The 1.5-million-square-foot property is located between West 52nd and 53rd Streets.