The Georgetown Company has announced a new $410 million financing package for their recently completed office building at 787 Eleventh Avenue. According to the company, the investment from Societe Generale (SocGen) replaces a $350 million construction loan from the Blackstone Group, Goldman Sachs, and ICBC.
New York City’s various media publications have been reporting on the worsening transit crisis with increasing frequency, and as the headlines make clear, the state of the subway is bleak. But combining what’s already-happening with what’s impending begs the question no one seems to be asking. In a city where subterranean infrastructure is already decaying quite rapidly, when will rising tides of increasing frequency result in a transition away from underground transit?
When we last checked in with 21 West End Avenue back in 2014, only a few stories of the 43-story tower had risen above street level. Now, Dermot Company is putting the finishing touches on the 529-foot-tall building between West 60th and 61st streets, and YIMBY reader Tectonic swung by for a construction update.
In 2015, New York’s landmarks law turned 50 years old. Events and discussion panels were held across the city throughout the year. The Museum of the City of New York held the commemorative Saving Place exhibit. As YIMBY reported, six individual landmarks and four historic districts were designated during this period. However, last year also saw its fair share of demolitions. Here, we look back at a small selection from the dozens of buildings that met the wrecking ball over the course of 2015. These eight structures range from architectural masterpieces to eyesores and span across a variety of decades, styles, and uses – as diverse as the Big Apple’s built environment itself.
Gov. Andrew Cuomo has revealed plans to expand the Jacob K. Javits Center, located at 655 West 34th Street on the far West Side, by 1.2 million square feet, Curbed reports. The already enormous convention center sits bound between Eleventh and Twelfth Avenues between West 34th and 39th Streets. With the expansion, the facility would measure 3.3 million square feet in total, 665,000 square feet of which would include brand-new meeting rooms and an exhibition hall. Some of the other additions would be a 58,000 square-foot ballroom, 22,000 square feet of outdoor event space, and a 633,000 square-foot truck garage.