Hell's Kitchen

Top 13 Floors Of 63-Story MiMa Tower To Be Converted Into 151 Condominiums

2:00 pm on January 6, 2016 By Reid Wilson

Kuafu Properties and Shanghai Construction Group’s U.S. branch have closed on the purchase of floors 51 through 63 in MiMa, the 63-story luxury rental tower located at 660 West 42nd Street, in Hell’s Kitchen, for $260.8 million. According to Commercial Observer, the developers plan to convert those floors’ 151 rental units into an equal number of condominiums under the name of 1 MiMa. The remaining 663 rental units in the building, under ownership by Related Companies and TIAA-CREF, will not be touched. Residents in 1 MiMa will have access to the tower’s 44,000 square feet of amenities and will have an exclusive entrance. A $211.6 million loan was secured for the acquisition.

Work at 606 West 57th Street. Photo by Tectonic.

Construction Update: Work Hums Along at 606 West 57th Street In Western Hell’s Kitchen

7:30 am on December 29, 2015 By Evan Bindelglass

Yesterday, we told you about the progress on a rather modest Durst Organization development on the southwest corner of Eleventh Avenue and West 58^th Street. Today, we’re bringing you and update on a significantly bigger project around the corner on the south side of West 57^th Street between Eleventh Avenue and Twelfth Avenue.

Construction at FRANK 57WEST, 600 West 58th Street. Photo by Tectonic.

Construction Update: FRANK 57WEST Rises On The Far West Side

7:30 am on December 28, 2015 By Evan Bindelglass

If you’ve gone up the West Side Highway in Manhattan or up Port Imperial Boulevard in New Jersey, you’ve probably noticed the Durst Organization-developed Bjarke Ingels Group-designed Via tetrahedron. Not only is it visually striking, there has been a fair amount of press coverage. Additionally, its next-door neighbor, the high-rise Helena has been there for a decade now. But they are not the only Durst developments on the block bounded by Eleventh Avenue, West 57^th Street, Twelfth Avenue, and West 58^th Street.

42nd Street Theaters, Osborne Interior, More Round Out First Manhattan Landmarks Backlog Hearing

7:00 am on November 9, 2015 By Evan Bindelglass

Last Thursday, the Landmarks Preservation Commission held another public hearing in the process of dealing with its 95-item backlog. It was the first to deal with properties in Manhattan. In addition to hearing testimony about the IRT Powerhouse, Bergdorf Goodman’s headquarters, Union Square Park, and others, the commissioners heard about seven theaters on 42^nd Street, a five-story building, a former hotel, and an apartment building lobby.

Chinese Developer In Contract For 615 10th Avenue, Hell’s Kitchen

12:30 pm on November 5, 2015 By Reid Wilson

Beijing-based Xinyuan Real Estate, doing business in the United States as XIN Development, is in contract to purchase the development site at 615 10th Avenue, between West 44th and 45th Streets in Hell’s Kitchen. A gas station currently occupies the site, but the property has over 100,000 square feet of development potential. A condominium project is planned, and the site is expected to sell for nearly $60 million.

Seven-Story, 155-Unit Condo Conversion Planned At 416 West 52nd Street, Hell’s Kitchen

3:00 pm on October 13, 2015 By Reid Wilson

Gaia Real Estate is planning to convert the seven-story former St. Vincent’s hospital building at 416 West 52nd Street, in Hell’s Kitchen, into 155 condominiums. The roughly 156,000 square-foot building will boast relatively affordable units averaging about 1,000 square feet and starting at $1 million. The vacant building was acquired from the Chetrit Group back in August for $156.5 million. Earlier this year, the Chetrit Group converted the building into 156 rental apartments. [The Real Deal]

Revealed: 343 West 47th Street, Residential Renovation and Expansion in Hell’s Kitchen

8:00 am on October 7, 2015 By Nikolai Fedak

The bustling blocks of the mid to upper-40s are a bit of an urban oddity, existing within the low-rise confines of Hell’s Kitchen, but abutting the skyscraper canyons of Midtown. And while most of the area is already built-out, a few opportunities for infill both large and small still exist, like at 343 West 47th Street, where an existing structure from 1920 is now being renovated and expanded.

Covenant House Planning New Facility, Affordable Housing At 460 West 41st Street, Midtown West

4:00 pm on August 4, 2015 By Reid Wilson

The Covenant House, a facility that caters to homeless youth, is planning to redevelop the small block at 460 West 41st Street, in Hell’s Kitchen, replacing their current eight-story facility, a vacant six-story building, and an undeveloped lot. DNAinfo reports the new building will house Covenant’s new national headquarters facility, in additional to a large residential portion that’s 40% affordable and includes 100 units of supportive housing.

Jeff Koons Assembles Possible Development Site At 624 West 52nd Street, Hell’s Kitchen

6:30 am on July 17, 2015 By Reid Wilson

Artist Jeff Koons has acquired the three-story commercial building at 624 West 52nd Street, near the Hudson River in Hell’s Kitchen, for $12.7 million. Koons also owns the lots at 620-622 West 52nd Street, after picking them up this past May for a total of $11 million. The assemblage boasts nearly 50,200 square feet of development potential, although plans for the properties are not known.

Developer Lands Construction Loans for 24-Story Project At 525 West 52nd Street, Hell’s Kitchen

12:15 pm on May 14, 2015 By Reid Wilson

The Real Deal reports Taconic Investment Partners has landed $200 million in construction loans for their 24-story, 392-unit mixed-use project at 525 West 52nd Street, in Hell’s Kitchen. YIMBY brought you news of the project almost exactly a year ago, and Handel is designing. Seventy-nine residential units are expected to be set aside as affordable, and the site’s former five-story structure was demolished in 2014.

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