Mixed-Use

TSX Broadway’s Tempo by Hilton Prepares For Late-Summer Opening at 1568 Broadway in Times Square, Manhattan

Construction on TSX Broadway, a 47-story hotel tower at 1568 Broadway in Times Square, reached a milestone as crews turned on TSX Entertainment’s 18,000-square-foot podium LED display. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 550,000-square-foot structure will yield 661 hotel rooms operated by Tempo by Hilton, as well as 100,000 square feet of retail space on the lower levels and Times Square’s only cantilevering outdoor performance stage. Positioned above the new retail space is the historic Palace Theater, which was renovated by PBDW Architects and lifted 30 feet above street level in early 2022. Pavarini McGovern is the general contractor for the property, which is located at the corner of Seventh Avenue and West 47th Street.

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27 Park Place’s Renovation Nears Completion in Tribeca, Manhattan

Renovation work is nearing completion on 27 Park Place, a five-story commercial building in Tribeca. Designed by Michael Schmitt Architect PC, the project involves a full interior and exterior refurbishment following a six-alarm fire that heavily damaged the structure in 2017. Empire State Development is the general contractor for the property, which is bound by Murray Street to the north, Park Place to the south, and Church Street to the west.

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Silverstein Properties and Parx Casino Reveal The Avenir at 514 Eleventh Avenue in Midtown, Manhattan

A new set of renderings has been revealed for The Avenir, Silverstein Properties and Parx Casino’s bid for a 1.8-million-square-foot hotel, gaming, entertainment, and residential complex at 514 Eleventh Avenue in Midtown, Manhattan. Designed by Steelman Partners and CetraRuddy, the 46-story two-tower complex will yield 1,000 guests rooms, more than 100 affordable housing units reserved for New Yorkers, 12 full-service restaurants, an elevated 1,000-seat performance hall, and an eight-story, 600,000-square-foot podium. The project aims to create 4,000 union construction jobs, over 5,500 permanent union jobs, and billions of dollars in economic development for the state and city. The property, owned by Silverstein since 1984 and alternatively addressed as 520 West 41st Street, spans a full block between West 40th and West 41st Streets and Eleventh and Galvin Avenues, just north of the Jacob K. Javits Center. The plot has sat vacant for the last eight years, and the development team expects the project to be shovel ready upon approval.

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