YIMBY followed up on two low-rise residential projects within the Special Clinton District of Hell’s Kitchen, Manhattan, both of which sit between Eighth and Ninth Avenues and are within a short walking distance to the 50th Street subway station along Eighth Avenue, serving the local C and E trains.
A $30 million capital improvement and repositioning program is now finished at 99 Park Avenue, a 600,000-square-foot Class A office tower in Midtown, Manhattan. Designed by Vocon and developed by Global Holdings, the project introduces a redesigned ground-floor experience, new tenant amenities, and upgraded interiors. The 26-story office tower is currently 97 percent leased, with recent tenants including Cerity Partners and Southern Land Company. The property is located between East 39th and 40th Streets.
The affordable housing lottery has launched for 534 Third Avenue, a 17-story residential building in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Gilar Realty under the entity Third Avenue Pavilion Residences LLC, the structure yields 122 residences. Available on NYC Housing Connect are 40 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $38,983 to $238,160.
YIMBY checked in on the progress of eleven office-to-residential conversions underway in Manhattan. The projects, located in the Financial District, Tribeca, NoHo, Midtown, and Hell’s Kitchen, will repurpose the underutilized properties into nearly 3,000 new housing units.
The City Planning Commission recently approved the $100 million renovation of the historic Studio 54 theater at 254 West 54th Street in Midtown, Manhattan. Designed by Ennead Architects and Rockwell Group, the project will reconstruct the stage and orchestra seating to improve sight lines, accessibility, and audience comfort. Other modifications will include an expansion of the lobby and front- and back-of-house areas, modernization of building systems, and revisions to exterior signage. The venue, renowned for its incarnation as an exclusive nightclub in the late 1970s, has been operated by Roundabout Theatre Company since 2003. The property is located between Seventh and Eighth Avenues.
