Midtown

One Madison Avenue’s Renovation and Expansion Progresses in The Flatiron District, Manhattan

Work continues to progress on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Midtown, Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the construction of a steel-framed structure atop the current eight-story building, which was partially demolished and is in the process of being excavated and gutted. The property takes up a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South, and sits directly adjacent to the 112-year-old Metropolitan Life Insurance Company Tower. The developers, which also include the National Pension Service of Korea and Hines, successfully acquired $1.25 billion in construction financing and are aiming to achieve both WELL and LEED Gold certification, as well as incorporating state-of-the-art HVAC and circulation systems to improve interior air quality and overall cleanliness. AECOM Tishman is serving as the general contractor.

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Fifth Avenue Hotel Progresses at 250 Fifth Avenue in NoMad, Manhattan

Façade work is continuing to progress on The Fifth Avenue Hotel at 250 Fifth Avenue in NoMad. Designed by Perkins EastmanPBDW Architects, and Martin Brudnizki Design Studio and developed by Flaneur Hospitality, the project involves the construction of a 230-foot-tall, 24-story reinforced concrete tower and the renovation and hotel conversion of a 116-year-old McKim, Mead & White-designed building. The Rinaldi Group is the general contractor for the project, which is being built at the corner of Fifth Avenue and West 28th Street.

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Permits Filed for 300 East 50th Street in Midtown East, Manhattan

Permits have been filed for a 12-story mixed-use building at 300 East 50th Street in Midtown East, Manhattan. Located at the intersection of Second Avenue and East 50th Street, the corner lot is closest to the Lexington Avenue/53rd Street subway station, serviced by the E, M, and 6 trains. Reggie Kronstadt, principal at Krown Point Capital, is listed as the owner behind the applications.

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132 West 28th Street’s Façade Installation Progresses in Chelsea, Manhattan

Façade work continues on the Chelsea Aloft Hotel, a 32-story tower at 132 West 28th Street. Designed by Peter Poon Architects and developed by Frank Ng, the 326-foot-tall reinforced concrete structure will yield 203 guest rooms. Milestone Construction Corporation is the general contractor for the project, which is located between Sixth and Seventh Avenues in the Flower District.

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Rose Hill Wraps Up Construction at 30 East 29th Street in NoMad, Manhattan

Exterior work is finishing up on Rose Hill, a 45-story residential skyscraper at 30 East 29th Street in Midtown‘s NoMad district. Designed by CetraRuddy Architecture and developed by Rockefeller Group, the 639-foot-tall Art Deco-inspired structure yields 123 condominiums marketed by CORE Real Estate. The one- to four-bedroom homes range in price from $1.385 million to $19.5 million for an upper penthouse. The property is located between Madison Avenue and Park Avenue South, and stands on the site of the 130-acre Rose Hill Farm estate that once occupied this section on the island.

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