Midtown

Developers Secure $525 Million Refinancing for One High Line in Chelsea, Manhattan

7:30 am on January 31, 2026 By Max Gillespie

Witkoff and Access Real Estate have secured a $525 million refinancing package for One High Line, a two-tower mixed-use development at 500 West 18th Street in Chelsea, Manhattan. Designed by Bjarke Ingels Group, the development contains 236 residential units as well as the recently opened Faena Hotel New York. The property straddles the High Line on a trapezoidal plot bounded by West 17th Street, West 18th Street, Tenth Avenue, and West Street.

Housing Lottery Launches for The Lotus at 255 East 39th Street in Murray Hill, Manhattan

7:00 am on January 28, 2026 By Vanessa Londono

The affordable housing lottery has launched for The Lotus, a 20-story residential building at 255 East 39th Street in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty in collaboration with Lonicera Partners and AECOM Tishman, the structure yields 157 residences. Available on NYC Housing Connect are 48 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $64,869 to $227,500.

345 East 17th Street. Photo by Michael Young.

345 East 17th Street Rises in Gramercy, Manhattan

8:00 am on January 27, 2026 By Michael Young and Matt Pruznick

Construction is rising on 345 East 17th Street, a 13-story residential building in Gramercy, Manhattan. Designed by StudiosC Architecture and developed by Minrav Development, 137-foot-tall structure will span 29,364 square feet and yield 65 rental units with an average scope of 451 square feet. The project will also include a rooftop terrace and a 30-foot-long rear yard. Moti Haber is listed as the owner of the property, which is located between First and Second Avenues.

38 Gramercy Park East. Photo by Michael Young.

Earthwork Underway At 38 Gramercy Park East in Gramercy Park, Manhattan

8:00 am on January 26, 2026 By Michael Young and Matt Pruznick

Excavation is underway at 38 Gramercy Park East, the site of a 20-story residential building in Gramercy, Manhattan. Designed by Roman & Williams and developed by Legion Investment Group, the structure will yield 57 condominium units. The project will become the largest building of its kind constructed in a century in the area surrounding the nearly 2-acre private park. SLCE Architects is the architect of record and Gindi Capital is the capital partner for the property, which alternately addressed as 146 East 21st Street and bounded by Gramercy Park East, East 21st Street, and Third Avenue.

313 East 17th Street. Rendering courtesy of REAL New Yorlk.

313 East 17th Street’s Residential Conversion Nears Completion in Gramercy, Manhattan

8:00 am on January 25, 2026 By Michael Young and Matt Pruznick

Construction is nearing completion on the residential conversion of 313 East 17th Street, a 13-story former hospital building in Gramercy, Manhattan. Designed by Kao-Hwa Lee Architects and developed and built by Borough Developers, the project involved the re-cladding of the structure’s 1966 façade and conversion of its interiors into 87 rental units, including 22 affordable apartments. The property is located between First and Second Avenues next to the NYU Langone Orthopedic Hospital.

440 West 57th Street. Developed by Yellowstone.

Rendering Reveals Hotel-to-Residential Conversion of 440 West 57th Street in Hell’s Kitchen, Manhattan

8:00 am on January 18, 2026 By Michael Young and Matt Pruznick

A new rendering has been revealed for the hotel-to-residential conversion of 440 West 57th Street, a two-building complex in Hell’s Kitchen, Manhattan. Designed by Isaac & Stern Architects and developed by Isaac Hera of Yellowstone, the project will involve a full re-cladding of the structures and will transform their 600 guest rooms into 316 condominium units. The development consists of a 17-story, 184-foot-tall tower along West 57th Street and an 11-story annex with frontage on West 56th Street, and originally opened in 1963 as a Holiday Inn. The property last operated as the Watson Hotel and is located between Ninth and Tenth Avenues.

Parc Beaufort. Rendering courtesy of The Feil Organization.

Renderings Reveal Parc Beaufort Residential Conversion at 140 West 57th Street in Midtown, Manhattan

8:00 am on January 13, 2026 By Michael Young and Matt Pruznick

Renderings have been revealed for Parc Beaufort, a 14-story office-to-residential conversion currently underway at 140 West 57th Street along Billionaires’ Row in Midtown, Manhattan. Designed by MdeAS Architects and developed by Feil Organization, the project will yield 47 condominium units with interiors by Stephen Sills Associates. The property is located between Sixth and Seventh Avenues.

509 Madison Avenue. Developed by Kensico Properties.

Rendering Revealed for Office-To-Hotel Conversion At 509 Madison Avenue in Midtown, Manhattan

8:00 am on January 12, 2026 By Michael Young and Matt Pruznick

A rendering has been revealed for The Lowell Modern, a proposed office-to-hotel conversion and expansion of 509 Madison Avenue, a 21-story commercial building in Midtown, Manhattan. Developed by Kensico Properties, the project involves the addition of nine floors to the 249-foot-tall structure and the replacement of its Art Deco façade with a modern glass curtain wall. The conversion would span 139,000 square feet and yield 96 guest rooms, 3,300 square feet of ground-floor retail, and a collection of guest amenities. The property is located at the southeast corner of Madison Avenue and East 53rd Street.

343 Madison Avenue. Rendering courtesy of Volley STudio.

343 Madison Avenue Secures Long-term Tenant In Midtown, Manhattan

7:30 am on January 10, 2026 By Max Gillespie

Starr Insurance Companies has signed a 20-year lease to occupy approximately 275,000 square feet at 343 Madison Avenue, a 46-story commercial skyscraper under construction in Midtown East, Manhattan. Designed by Kohn Pedersen Fox and developed by BXP, the 844-foot-tall structure will yield 930,000 square feet of office space. Starr will relocate its headquarters to floors 16 through 27 in the tower. The property is located between East 44th and 45th Streets.

5 Times Square Begins 1,250-Unit Office-to-Residential Conversion in Midtown, Manhattan

8:00 am on January 4, 2026 By Michael Young and Matt Pruznick

Work is underway on the office-to-residential conversion of 5 Times Square, a 38-story skyscraper in Midtown, Manhattan. Designed by Gensler and developed by RXR Realty, Apollo Global Management, and SL Green, the project will transform the 575-foot-tall structure’s 917,745 square feet of vacant office space into 1,250 rental units. Of this total, 313 will be permanently affordable for residents earning up to 80 percent of area median income (AMI). The property is located along Seventh Avenue between West 41st and 42nd Streets.

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