Work is continuing on the renovation of 660 Fifth Avenue, a 64-year-old, 39-story commercial building in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Brookfield Properties, the project involves an interior overhaul and a complete re-cladding, replacing the old aluminum envelope with a modern glass curtain wall. The 1.25 million-square-foot property is located along Fifth Avenue between West 52nd and 53rd Streets and was formerly addressed as 666 Fifth Avenue.
Construction has reached the halfway point on 131-141 East 47th Street, a 34-story residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Silverback Development, the 500-foot-tall 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 rectangular parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Structure Tech New York and Cauldwell Wingate are in charge of building the project, which is located between Lexington and Third Avenues.
Foundation work is nearly complete for the Fashion Institute of Technology‘s New Academic Building, a ten-story building in the Garment District of Chelsea. Designed by SHoP Architects, the structure will yield 110,000 square feet. EE Cruz & Company Inc. is the general contractor for the project, which is located between Seventh and Eighth Avenues, within walking distance of Penn Station, Madison Square Garden, and Moynihan Train Hall. The developer is aiming for LEED Gold certification.
Construction teams at TSX Broadway, a mixed-use hotel tower at 1568 Broadway in Times Square, have begun work on the lifting of the Palace Theatre. The historic venue is being hoisted 30 feet above street level to make way for ground-floor retail space.
Permits have been filed for a 22-story mixed-use building at 1695 2nd Avenue on Manhattan’s Upper East Side. Located between East 87th Street and East 88th Street, the lot is two blocks north of the 86th Street subway station, serviced by the Q train. Aimco is listed as the owner behind the applications.