Retail

241 West 28th Street’s Reinforced Concrete Superstructure Climbs Over Chelsea, Manhattan

7:30 am on October 3, 2021 By Michael Young

Construction is rising on 241 West 28th Street, a 22-story residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the 248,000-square-foot two-tower development will yield 479 units with 30 percent reserved for low- and middle-income households. King Contracting Group is doing the brick work and Urban Atelier Group is the general contractor for the complex, which is located between Seventh and Eighth Avenues.

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550 Madison Avenue Officially Unveils New Lobby in Midtown East, Manhattan

8:00 am on October 2, 2021 By Michael Young

YIMBY attended the recent unveiling of the newly renovated lobby of 550 Madison Avenue, a 37-story, 684-foot-tall office skyscraper in Midtown East. Designed by Gensler and developed by The Olayan Group and RXR Realty, the project involves a 21,000-square-foot indoor-outdoor overhaul of the 1984 postmodern landmark from Philip Johnson and John Burgee. In addition to the updated lobby, which features an art installation from Polish-German contemporary visual artist Alicja Kwade called Solid Sky, the undertaking will also provide a new café, elevated and ground-level landscaping, expanded seating with additional tables, and public restrooms. 550 Madison Avenue spans between East 55th and 56th Streets.

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Rendering of 26-25 Fourth Street. Designed by J Frankl Associates

Developers Secure $65.9M for 165-Unit Building at 26-25 Fourth Street in Astoria, Queens

7:30 am on September 30, 2021 By Sebastian Morris

SCALE Lending recently provided $65.9 million in financing to facilitate the completion of a new 19-story residential building at 26-25 Fourth Street in Astoria, Queens. Designed by J Frankl Associates and developed by Bruman Realty, the 289,000-square-foot structure will stand 204 feet tall and yield 165 rental apartments, 38,000 square feet of retail space, and a 101-vehicle parking garage on a lot between 26th and 27th Avenues.

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1,046-Room Hilton Tower Nears Completion at 150 West 48th Street in Times Square, Manhattan

8:00 am on September 29, 2021 By Michael Young

Façade work is rapidly progressing on the recently topped-out 150 West 48th Street, a 418-foot-tall, 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 320,000-square-foot structure will yield 1,046 hotel rooms with a Hampton Inn, a Home 2 Suites, and a Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown, Manhattan site from Rockefeller Group in early 2019 for $140 million, and also received a $250 loan before construction broke ground last year. Omnibuild is in charge of erecting the tower, which is located by the corner of West 48th Street and Seventh Avenue.

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