Retail

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

8:00 am on June 27, 2023 By Michael Young

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.

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

7:30 am on June 27, 2023 By Michael Young and Matt Pruznick

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.

Evening rendering of The Orchard at 42-02 Orchard Street - Courtesy of BLDG Management Company

Developer Secures $425M Loan for 69-Story Residential Skyscraper at 42-02 Orchard Street in Long Island City, Queens

7:30 am on June 24, 2023 By Sebastian Morris

BLDG Management Company has secured a $425 million loan to complete a 69-story residential skyscraper in Long Island City, Queens. The development, known as The Orchard, will take shape at 42-02 Orchard Street and debut as the tallest residential building in the neighborhood.

278 Eighth Avenue’s Brick Façade Progresses in Chelsea, Manhattan

8:00 am on June 19, 2023 By Michael Young and Matt Pruznick

Exterior work is progressing on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.

69 Adams Street’s Façade Takes Shape in DUMBO, Brooklyn

7:30 am on June 19, 2023 By Michael Young and Matt Pruznick

Façade installation is moving along on 69 Adams Street, a 26-story residential building in DUMBO, Brooklyn. Designed by Fariba Makooi of Fischer + Makooi Architects and developed by Rabsky Group, the 280-foot-tall structure will span 258,200 square feet and yield 225 units in studio to two-bedroom layouts, as well as 60 feet of retail frontage, a 25-foot-long rear yard, and 61 parking spaces. Galaxy Developers is the general contractor for the property, which is bound by Front Street to the north, York Street to the south, the elevated Manhattan Bridge roadway to the east, and Adams Street to the west.

Demolition Prep Underway at 335 Eighth Avenue in Chelsea, Manhattan

8:00 am on June 18, 2023 By Michael Young

Demolition preparations are underway at 335 Eighth Avenue, the site of an upcoming seven-story residential building in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners, the 200,000-square-foot structure will yield 188 residential units with 30 percent dedicated to affordable housing for low- and middle-income residents under the Affordable NY Program, as well as a 23,000-square-foot Lidl grocery store on the ground floor. Titan Industrial SVC Corp is the demolition contractor and Urban Atelier Group is the general contractor for the property, which is located at the corner of Eighth Avenue and West 26th Street within the Penn South affordable housing cooperative, officially known as Mutual Redevelopment Houses.

Foundations Take Shape for Two-Building Complex at 218 Front Street in Vinegar Hill, Brooklyn

8:00 am on June 17, 2023 By Michael Young and Matt Pruznick

Foundations are taking shape at 218 Front Street, the site of a two-building residential complex in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect and developed and built by Chess Builders, the structures will yield seven stories and 218 rental apartments with 66 affordable housing units, as well as 350 square feet of commercial space and 180 square feet of community space. The site is bound by Front Street to the north and York Street to the south, and was formerly occupied by a one-story industrial warehouse and an open-air lumber yard.

Rendering of 277 Canal Street - Courtesy of UAL

Developers Reveal First Renderings of Affordable Housing Property 277 Canal Street in SoHo

7:30 am on June 16, 2023 By Sebastian Morris

United American Land has revealed the first renderings of 277 Canal Street, its forthcoming affordable housing project designed by Morris Adjmi Architects in Soho, Manhattan. The building is on track to be the first completed project following passage of a controversial neighborhood rezoning of 55 city blocks.

540 Fulton Street, designed by Marvel Architects

The Paxton Wraps Up Construction at 540 Fulton Street in Downtown Brooklyn

8:00 am on June 15, 2023 By Michael Young and Matt Pruznick

Construction is finishing up on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall structure spans 330,000 square feet and will yield 327 rental units in studio to three-bedroom layouts, as well as 137,075 square feet of office space and 33,000 square feet of retail space in the multi-story podium. MNS is handling sales and marketing for the homes at the property, which is located by the intersection of Flatbush Avenue and Fulton Street.

Lincoln at Bankside Welcomes First Residents at 5 Lincoln Avenue in Mott Haven, The Bronx

8:00 am on June 14, 2023 By Michael Young

Lincoln at Bankside is opening its doors to residents at 5 Lincoln Avenue in Mott Haven, The Bronx. Designed by Hill West Architects and developed by Brookfield Properties, the project features four 26-story towers with 921 residences, 40,000 square feet of amenities, a 32,000 square foot waterfront esplanade along the Harlem River, four new retail spaces, and 329 indoor parking spaces. Whitehall Interiors designed the residential interiors, which are split into 644 market-rate units and 277 affordable housing units. Following the 2017 creation of the Special Harlem River Waterfront Zoning District that was approved by the New York City Council, construction broke ground in May 2020 and topped out in October of 2021. Move-ins begin this month.

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