Retail

Margaritaville Resort Nears Completion at 560 Seventh Avenue in Times Square, Manhattan

8:00 am on January 14, 2021 By Michael Young

Façade installation is nearing completion on the Margaritaville Resort New York at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 29-story, 375-foot-tall tower will yield 234 guest rooms with island-inspired interior designs. The project, which is located at the corner of Seventh Avenue and West 40th Street, is expected to cost around $300 million.

Rendering of 425 Summit Avenue - Marchetto Higgins Stieve

Jersey City Planning Board Approves 26-Story Mixed-Use Tower at 425 Summit Avenue

7:30 am on January 14, 2021 By Sebastian Morris

A new 26-story tower in Journal Square could soon begin construction following approvals from the Jersey City Planning Board. The tower will occupy a large T-shaped parcel of land at 415-435 Summit Avenue. The project will eventually debut as 425 Summit Avenue.

One Essex Crossing. Rendering by VMI Studio

One Essex Crossing Launches Sales On The Lower East Side of Manhattan

8:00 am on January 12, 2021 By Michael Young

Today, One Essex Crossing is officially launching sales, and YIMBY has an exclusive reveal of a slew of renderings for the project, for which occupancy is anticipated later this year. Located on Manhattan’s Lower East Side, the 14-story full-block development is designed by CetraRuddy and developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Partners, the Prusik Group, and Goldman Sachs Urban Investment Group. The site is bounded by Delancey Street to the north, Suffolk Street to the east, Broome Street to the south, and Norfolk Street to the west, and is one of several addresses in the Essex Crossing master plan that’s spread across six acres and a total of nine buildings. Corcoran Sunshine Marketing Group is handling sales for One Essex Crossing with prices ranging from $890,000 for a studio, to $6,689,000 for a duplex penthouse.

Rendering of 2500 Barker Avenue - J Frankl Associates

Rendering Revealed for 2500 Barker Avenue in Allerton, The Bronx

7:00 am on January 12, 2021 By Sebastian Morris

A new rendering has been revealed for 2500 Barker Avenue, a seven-story mixed-use building under construction in the Allerton neighborhood of The Bronx. Designed by J Frankl Associates, the 74-foot-tall building will yield 48,452 square feet, with just under 36,000 square feet of residential area and about 12,500 square feet of ground-floor commercial space.

Rendering of One Journal Square - Woods Bagot

Kushner Companies’ Two-Towered One Journal Square Approved, in Jersey City

8:00 am on January 11, 2021 By Sebastian Morris

Following years of dispute and litigation, the Jersey City Planning Board has officially granted Kushner Companies necessary approvals to begin construction on One Journal Square, a two-skyscraper complex in downtown Jersey City. Designed by Woods Bagot, the buildings will comprise 2 million square feet and stand 710 feet tall.

Demolition Continues for TSX Broadway at 1568 Broadway in Times Square, Manhattan

7:30 am on January 11, 2021 By Michael Young

Demolition work is continuing at 1568 Broadway in Times Square, where the 46-story, 470-foot-tall building now stands less than 20 stories high. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the project involves the partial demolition of the former DoubleTree Suites by Hilton and construction of a new 46-story, 550,000-square-foot hotel tower dubbed TSX Broadway, on its foundations. This also includes the preservation of the 108-year-old Palace Theater, which will be raised 30 feet to make room for ground-floor retail space. The site is located at the corner of Seventh Avenue and West 47th Street, directly across from the TKTS stairs.

Rendering of 52 Fourth Avenue - Gertler & Wente Architects

Renderings Revealed for Nine-Story Mixed-Use Building at 52 Fourth Avenue in Boerum Hill, Brooklyn

8:00 am on January 9, 2021 By Sebastian Morris

Renderings from Gertler & Wente Architects reveal a nine-story mixed-use building at 52 Fourth Avenue in Boerum Hill, Brooklyn. Located at the corner of Dean Street in the heart of the neighborhood’s buzzing retail corridor, the 55,000-square-foot structure will yield 52 rental apartments as well as ground-floor commercial space.

Two-Building Complex ‘The Hive’ Reaches Completion at 300 West 43rd Street in Midtown, Manhattan

7:30 am on January 9, 2021 By Michael Young

Work is now complete on The Hive, a two-building complex along Eighth Avenue between West 42nd Street and West 43rd Street in Midtown. Developed by KRW Realty Advisors and managed by Hive Management LLC, the property consists of a 13-story L-shaped building at 303 West 42nd Street, aka Hive 42, and a six-story structure at 300 West 43rd Street, aka Hive 43. Gertler & Wente Architects led the design of the renovated interiors, which include office space as well as ground-floor retail.

Twin Supertalls Revealed as Part of Garden City, Possible Relocation of Madison Square Garden, in Midtown Manhattan

8:00 am on January 8, 2021 By Michael Young

Community Board Five’s Land Use, Housing & Zoning Committee voted in a meeting on Wednesday to advance plans for a massive undertaking in Midtown involving the conversion of Madison Square Garden into a new concourse for Penn Station, and the creation of a new home for the sports facility between two supertall skyscrapers near Herald Square. Initially proposed in 2016 by Vishaan Chakrabarti, founder of Practice for Architecture and Urbanism (PAU), new renderings give visual context to the plan, to which the city council agreed with the consideration of The Madison Square Garden Company’s acquisition of a shorter extension of its current lease.

Rendering of 178-02 Hillside Avenue - ADG Architecture

Construction Reaches Completion on Q-East at 178-02 Hillside Avenue in Jamaica, Queens

7:30 am on January 8, 2021 By Sebastian Morris

Construction is now complete on Q-East, an eight-story mixed-use building at 178-02 Hillside Avenue in Jamaica, Queens. Designed by ADG Architecture and developed by Piermont Properties with Racanelli Construction Company as general contractor, the 120,000-square-foot building contains 131 rent-stabilized rental apartments and associated amenity spaces, a 30,000-square-foot parking garage on the second floor, retail space including a CVS Pharmacy on the ground floor, and medical office space.

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