Construction has begun on the first phase of the redevelopment of 120 Park Avenue, a 26-story commercial building in Midtown, Manhattan across from Grand Central Terminal. Designed by MdeAS Architects and developed by Global Holdings, the project involves renovations to the building’s façade and the construction of new double-height loggia terraces on the fifth and sixth floors of the Class A office building. Turner Construction is the general contractor for the property, which is located at the intersection of Park Avenue and 42nd Street.
The Soloviev Foundation will soon debut “Field of Light,” a six-acre immersive installation along the waterfront edge of Murray Hill, Manhattan. Designed by acclaimed artist Bruce Munro, the installation will take shape at Freedom Plaza, an undeveloped parcel of land along the East River from 38th to 41st Streets.
Work is wrapping up on The New York Korea Center, the new seven-story home of the Consulate General of the Republic of Korea at 122-126 East 32nd Street in Murray Hill. Designed by Samoo Architects and Engineers (SAMOO) and developed by Level Group, the 120-foot-tall structure will yield 36,500 square feet and is engineered to achieve LEED Certification. KSK Construction Group is the general contractor for the property, which is located on an interior lot between Park Avenue South and Lexington Avenue.
Excavation is underway at 729 Second Avenue, the site of a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty, the 237-foot-tall structure will yield 120,000 square feet with 157 units and 4,600 square feet of ground-floor retail space. Titan Industrial SVC Corp and Alba Services Inc. are the demolition contractors for the property, which is located between East 38th and East 39th Streets.
The affordable housing lottery has launched for 509 Third Avenue, a 36-story mixed-use building in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Lalezarian Properties, the structure yields 229 residences. Available on NYC Housing Connect are 58 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $29,040 to $187,330.