Midtown

Demolition Begins at 123-141 West 57th Street for 26-Story Office Tower in Midtown, Manhattan

7:30 am on March 1, 2022 By Michael Young

Demolition is underway at 123-141 West 57th Street, the site of a forthcoming 26-story, 185,000-square-foot office tower along Billionaires’ Row in Midtown, Manhattan. The site is located between Sixth and Seventh Avenues, surrounded by Christian de Portzamparc’s One57 and SHoP Architects‘ 111 West 57th Street. It was recently reported that Alchemy Properties and ABR Partners closed a $120 million deal to purchase the property, which was owned by Calvary Baptist Church and includes the adjacent 16-story, 153-foot-tall Salisbury Hotel. ABR Partner’s equity partner, Cain International, had brought on Security Benefit Life as the new lender. The total construction cost for the project is estimated to be roughly $350 million.

28&7 - Courtesy of GDS Development Management; Skidmore, Owings & Merrill

Developers Celebrate 28&7’s Grand Opening at 322-326 Seventh Avenue in Chelsea, Manhattan

7:30 am on February 24, 2022 By Sebastian Morris

GDS Development Management and Klövern recently celebrated the completion and opening of 28&7, a new office building in Chelsea. The 12-story building is located at the corner of 28th Street and Seventh Avenue and comprises more than 90,000 square feet.

YIMBY Checks Out the Views From TSX Broadway at 1568 Broadway in Times Square, Manhattan

8:00 am on February 14, 2022 By Michael Young

YIMBY went on a tour of TSX Broadway, a 46-story hotel that topped out last week at 1568 Broadway in Times Square. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 470-foot-tall tower will yield 550,000 square feet with a 669-key hotel, retail space, restaurants, and a cantilevering outdoor performance stage that overlooks Times Square. The property is also home to the historic Palace Theatre, which will soon be raised by Urban Foundation and Engineering. PBDW Architects is restoring the interior of the theatre, and Pavarini McGovern is the general contractor for 1568 Broadway, which is located at the corner of Seventh Avenue and West 47th Street. The project is expected to cost around $2.5 billion.

Final flag and beam rises above Manhattan at TSX Broadway (1568 Broadway) - L&L Holding Company

TSX Broadway Tops Out at 1568 Broadway in Times Square, Manhattan

7:30 am on February 10, 2022 By Sebastian Morris

Construction has officially topped out on TSX Broadway, a 46-story mixed-use hotel tower at 1568 Broadway in Times Square. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 470-foot-tall structure will yield 550,000 square feet with a 669-key hotel, retail space, restaurants, and an outdoor performance venue that overlooks Times Square. The building will also serve as the new home of the historic Palace Theatre, which is being raised 30 feet to make room for ground-floor retail space. The project is projected to cost $2.5 billion and debut early 2023.

Foster + Partners’ 100 East 53rd Street Rebrands as ‘Selene’ in Midtown East, Manhattan

8:00 am on February 8, 2022 By Michael Young

Occupancy is available for Selene, a 63-story residential skyscraper at 100 East 53rd Street in Midtown. Designed by Norman Foster of Foster + Partners, the slender 711-foot-tall reinforced concrete edifice is wrapped in a sleek undulating glass curtain wall and yields 94 bespoke residences with prices starting at $1.875 million dollars. Brown Harris Stevens Development Marketing is handling sales and marketing of the homes, which range from pied-à-terre one-bedrooms to sprawling full-floor layouts. 100 East 53rd Street is located at the corner of Lexington Avenue and East 53rd Street, directly across Lexington Avenue from the Citigroup Center and directly behind Seagram Building, designed by Ludwig Mies van der Rohe. The sponsor for Selene is an affiliate of Vanke US, and RFR is no longer involved with the sponsor entity or the ownership of the building.

470 Park Avenue South - Courtesy of SJP Properties

New Amenities Revealed for 470 Park Avenue South in Midtown, Manhattan

7:30 am on February 3, 2022 By Sebastian Morris

SJP Properties and PGIM Real Estate have unveiled an expanded collection of amenities at 470 Park Avenue South, an 18-story office building in Midtown, Manhattan. The new amenity spaces include a rooftop terrace with views of the surrounding Midtown skyline, a ground-floor lounge that feeds into the building’s lobby, and a landscaped courtyard with ample seating, a bar, and a fire pit. The property is located between East 31st and 32nd Streets.

Flatiron House At 39 West 23rd Street Launches Sales, Nears Completion, In Flatiron District, Manhattan

8:00 am on February 2, 2022 By Michael Young

NYC-based real estate development firm Anbau, together with Corcoran Sunshine Marketing Group, today announced the launch of sales at Flatiron House, a new luxury condominium located at 39 West 23rd Street. With architecture and interiors by COOKFOX Architects, a leader in biophilic design, the development comprises two distinct buildings connected by a shared interior garden with a total of 44 residences. The Tower features 37 one-to four-bedroom residences with a separate entrance on 23rd Street, while the Loft offers a collection of seven one- to five-bedroom residences and an entrance on 24th Street, many of which are full-floors with direct elevator entry.

YIMBY Ad Partner

PENN 2’s Re-cladding Progresses at Two Penn Plaza in Midtown, Manhattan

8:00 am on January 31, 2022 By Michael Young

Renovation work continues to progress on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the replacement of the 53-year-old structure’s façade with a modern glass curtain wall. The 412-foot-tall, 1.61 million-square-foot tower was originally designed by Charles Luckman Associates and stands along Seventh Avenue between West 31st and 33rd Streets. PENN 2 is immediately to the east of Madison Square Garden and is one component within the Penn District revitalization scheme that calls for the construction and redevelopment of several buildings surrounding Penn Station in the coming years. Turner Construction Company is the general contractor for the project.

1245 Broadway’s Exterior Wraps Up in NoMad, Manhattan

8:00 am on January 30, 2022 By Michael Young

Exterior work is wrapping up on 1245 Broadway, a 23-story commercial building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Sweden-based Klövern AB, the 318-foot-tall reinforced concrete structure will yield 200,000 square feet of office space with marketing and leasing handled by CBRE. StructureTech NY and Triton Construction are both in charge of building the Midtown, Manhattan property, which stands at the corner of West 31st Street and Broadway, a short walk from Koreatown, Herald Square, and Madison Square Park.

Rendering of outdoor terraces at CORE NY - Courtesy of Core Club

Renderings Revealed for Members-Only Social Club at 711 Fifth Avenue in Midtown East, Manhattan

7:00 am on January 30, 2022 By Sebastian Morris

Following a ground-up renovation of 711 Fifth Avenue, Michael Shvo of SHVO has revealed new plans to transform the upper levels of the building into an exclusive, members-only destination. Core Club, a global social club, has inked a 20-year lease with SHVO to occupy 60,000 square feet spread across four floors.

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