Full demolition permits have been filed for 35 West 57th Street in Midtown, Manhattan. Located between Fifth and Sixth Avenues along Billionaires’ Row, the 2,510-square-foot site is occupied by a five-story mixed-use building. Built in 1891, the mansion with Beaux Arts details was a wedding gift to the granddaughter of William Vanderbilt. The 65-foot-tall structure is currently owned by Solow Realty and Development.
An Environmental Assessment Statement reveals plans for a 40-story tower designed by Skidmore Owings & Merrill at 415 Madison Avenue in Midtown East, Manhattan. The applicant 415 Madison Avenue LLC is seeking special permits as part of the ULURP process to construct a 605-foot-tall commercial building on the northeast corner of Madison Avenue and East 48th Street. Rudin Management currently owns the site, which houses a 24-story structure yielding 270,000 square feet of boutique office space. It opened in 1955 and has floor plates ranging from 5,000 to 15,000 square feet.
L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
Square Mile Capital and Pacific Western Bank are set to provide $183 million in construction financing for a 12-story mixed-use property at 258-278 Eighth Avenue in Chelsea, Manhattan. A new Target retail store will occupy 28,000 square feet of the building’s lower levels. Above these floors, the development will house 190 rental apartments and associated amenities.
The Landmarks Preservation Commission is now reviewing proposals from Skidmore, Owings & Merrill to renovate and restore the historic Lever House at 390 Park Avenue in Midtown East, Manhattan. Scope of work for the proposed alterations includes replacement of non-original plaza paving and bases, the installation of new signage and stainless steel doors, a new entrance into the Casa Lever restaurant on the ground floor, and the replacement of aluminum panelling and glass storefronts at the ground floor. The design team will also restore exterior stone, metal, and ceiling materials around the property.
