Midtown

Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

$1.25B Financing Package Secured to Complete Terminal Warehouse Redevelopment in Chelsea, Manhattan

7:00 am on July 27, 2021 By Sebastian Morris

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.

Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Lenders Confirm $183M Financing Package for 258-278 Eighth Avenue in Chelsea, Manhattan

7:30 am on July 23, 2021 By Sebastian Morris

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.

Existing ground floor conditions at Lever House - Courtesy of Skidmore, Owings & Merrill (SOM)

SOM Reveals Restoration Plans for the Historic Lever House at 390 Park Avenue in Midtown, Manhattan

6:30 am on July 20, 2021 By Sebastian Morris

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.

517-523 West 29th Street Nears Completion in Chelsea, Manhattan

7:30 am on July 18, 2021 By Michael Young

Construction is nearing completion on 517 West 29th Street, a ten-story residential building in Chelsea. Developed by Churchill Real Estate Holdings and designed by Ben Hansen Architect with Rand Engineering and Architecture as the architect of record, the 135-foot-tall structure yields 56,160 square feet with 60 condominium units and nine private outdoor parking spaces. The Midtown, Manhattan project stands between Tenth and Eleventh Avenues near the High Line and Hudson Yards.

View of 35 West 36th Street - Rudder Property Group

Sales Launch for Office Condo Property at 35 West 36th Street in Herald Square, Manhattan

7:30 am on July 17, 2021 By Sebastian Morris

Closings are set to begin this August for a new office condominium property at 35 West 36th Street in Herald Square, Manhattan. From developer Hidrock Properties the 12-story, 80,000-square-foot structure is currently undergoing a conversion from traditional office space to office condominium units.

Rendering of One Madison Avenue Expansion

New Photos Reveal Demolition Progress at One Madison Avenue in Manhattan’s Flatiron District

7:30 am on July 15, 2021 By Sebastian Morris

Construction is currently ahead of schedule on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Manhattan’s historic Flatiron District. As of today, 100 percent of demolition work is complete and structural reinforcement is underway.

YIMBY Explores the Stavros Niarchos Foundation Library in Midtown, Manhattan

8:00 am on July 14, 2021 By Michael Young

YIMBY took a look inside the recently opened Stavros Niarchos Foundation Library (SNFL), which is located at the corner of Fifth Avenue and West 40th Street across from Bryant Park and the main New York Public Library building. The renovation was made possible thanks to the Stavros Niarchos Foundation, which contributed $55 million along with support from the City of New York. The building was once home to the Mid-Manhattan Library in the 1970s, and before that, the Arnold Constable Company. The 180,000-square-foot facility opened to the public on June 1 at a cost of $200 million and includes eight levels with soaring atrium spaces, wide walkways, easy circulation, bright interiors, and an outdoor rooftop terrace that overlooks the surrounding Midtown, Manhattan neighborhood. Interiors were done by Dutch architect Francine Houben of Mecanoo Architects and Beyer Blinder Belle.

Pendry Manhattan West Prepares for September Debut at Four Manhattan West in Midtown, Manhattan

8:00 am on July 13, 2021 By Michael Young

Pendry Manhattan West, a 21-story hotel tower, is getting ready to open its doors to guests this September at 440 West 33rd Street in the eight-acre Manhattan West development in Midtown West. Also known as Four Manhattan West in the five-building complex, the 281-foot-tall Pendry is designed by Skidmore Owings & Merrill and developed by Brookfield Properties and will yield 164 guest rooms and 30 suites featuring California-influenced designs by Gachot Studios. The structure will also house a Mediterranean-themed restaurant, a lounge, a 1,600-square-foot open-air bar, a 150-person ballroom, and 6,000 square feet of meeting and event spaces. This is the first Pendry Hotels & Resorts property in New York City.

SOM’s Two Manhattan West Reaches Halfway Mark in Midtown West, Manhattan

8:00 am on July 12, 2021 By Michael Young

The steel superstructure has reached the halfway mark on Two Manhattan West, a 935-foot-tall office skyscraper in Midtown West. Designed by Skidmore Owings & Merrill and developed by Brookfield, the 58-story building is rising at the corner of West 31st Street and Ninth Avenue, directly to the south of its 996-foot-tall fraternal twin, One Manhattan West. Two Manhattan West will yield a total of two million square feet and its construction is expected to cost around $2 billion.

Maverick Wraps Up Exterior Work at 215 West 28th Street in Chelsea, Manhattan

8:00 am on July 11, 2021 By Michael Young

Construction is wrapping up on Maverick, a pair of architecturally identical and adjoining 20-story residential buildings at 215 West 28th Street in Chelsea. Designed by DXA Studio and developed by HAP Investments, the twin 250-foot-tall structures yield a combined 162,834 square feet and 87 condominium units, as well as 20,000 square feet of ground-floor retail space. Douglas Elliman Development Marketing and Fredrik Eklund’s and John Gomes’ Eklund | Gomes team are responsible for sales and marketing for the residences, with Alex Lundqvist as the sales director in charge. Available one-bedrooms start at $1.3 million and two-bedrooms at $1.995 million, with prices for three- and four-bedroom residences available upon request. The property is located between Seventh and Eighth Avenues.

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