The Ford Foundation Building, located at 320 East 43rd Street, in Midtown East, will be getting a $190 million renovation, according to the New York Times. The 12-story, 287,500 square-foot office building, a city individual and interior landmark, was designed by Kevin Roche John Dinkello and Associates (KRJDA) and completed in 1968. It does not meet current-day building codes and the city is requiring its owners to install updates before 2019. In addition, the building’s office floors and suites will be modernized, and an art gallery, visitors’ center, and a 10th floor assembly space will be added. Gensler is designing the two-year renovation, and Raymond Jungles will be incorporating new indoor landscaping. The property is known for its unique 174-foot-high atrium and elaborate garden terraces.
Back in January of 2014, YIMBY brought you a construction update on the 20-story, 75,000 square-foot office building planned at 34 East 51st Street, in Midtown, and later that month, we brought you a rendering. Today, the building is structurally complete and preparing for a January 2016 opening date, according to Crain’s. The boutique office property’s floors range from 2,700 to 5,000 square feet, and it also has club-like amenities, with the overall setup geared towards smaller office tenants. Istanbul-based developer Sedesco is behind the Skidmore, Owings & Merrill-designed project.
Last March, Quinlan Development Group, along with Building & Land Technology, purchased the 10-story commercial building turned storage facility at 41 Flatbush Avenue, in Downtown Brooklyn, for $89.4 million, and now Commercial Observer has the first glimpse of the property’s planned office conversion. The building measures 260,866 square feet, and retail space will span the ground floor while offices will spread across the remainder. Interior spaces feature 13-foot-high, terra cotta-clad ceilings, and the exterior façade will be limestone. A rooftop deck is also indicated in the Schedule A, and Beyer Blinder Belle is the architect of record.
Back in February of 2014, a number of developers toured the former Bayview Correctional Facility, an eight-story, 100,000 square-foot complex, at 550 West 20th Street, in West Chelsea, after the city issued a request for proposals just months earlier. Now, Empire State Development has awarded NoVo Foundation a 99-year lease to redevelop the property, according to Commercial Observer. NoVo Foundations and the Goren Group plan to transform the building into the Women’s Building, which will house a women’s rights organization. The project will include community space, art installations, and a restaurant.
Eric Gural has acquired the five-story, 40,000 square-foot former warehouse at 285 North 6th Street, in Williamsburg, for $15.6 million, according to Crain’s. He also purchased the four-story, 70,000 square-foot former industrial building at 10-27 46th Avenue, in Long Island City, for $14.25 million. Both properties are set to undergo office conversions. Work on the Williamsburg property is expected to begin in the coming weeks, and includes a restaurant and roof deck. As for the Queens project, work will begin once the current leases expire late next year.