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.
Façade work is continuing to progress on The Fifth Avenue Hotel at 250 Fifth Avenue in NoMad. Designed by Perkins Eastman, PBDW Architects, and Martin Brudnizki Design Studio and developed by Flaneur Hospitality, the project involves the construction of a 230-foot-tall, 24-story reinforced concrete tower and the renovation and hotel conversion of a 116-year-old McKim, Mead & White-designed building. CNY Group is the general contractor for the project, which is being built at the corner of Fifth Avenue and West 28th Street.
SCALE Lending recently provided a $64 million financing package for developers to complete a new 14-story tower at 64 Centre Street in New Rochelle. From developer Allstate Ventures and Richard Bienenfeld Architect, the building will create 144 rental apartments in studio, one-, and two-bedroom floor plans. Additional components include 1,550 square feet of retail, on-site parking, and an unspecified suite of amenities.
Permits have been filed for a 12-story mixed-use building at 300 East 50th Street in Midtown East, Manhattan. Located at the intersection of Second Avenue and East 50th Street, the corner lot is closest to the Lexington Avenue/53rd Street subway station, serviced by the E, M, and 6 trains. Reggie Kronstadt, principal at Krown Point Capital, is listed as the owner behind the applications.
Construction is rising on 1165 Madison Avenue, a 13-story residential building on Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Naftali Group, the 67,680-square-foot structure will stand 210 feet tall and yield 12 condominiums spread across 58,919 square feet, as well as 3,749 square feet of retail space. Titanium Construction Services is the general contractor for the project, which is located at the corner of Madison Avenue and East 86th Street.