Full demolition permits have been filed for 409 Park Avenue in Midtown, Manhattan. According to the filing, the site is owned by GDSNY under the Clover Park Development LLC. It currently houses a 4,300-square-foot, two-story commercial building used by Stefano Ricci, an Italian menswear boutique. The 23-foot-tall structure was built in 1910.
Earlier this week, Fisher Brothers Management Company unveiled the first new images of its $120 million renovation to 1345 Avenue of the Americas, a 625-foot-tall mid-century office skyscraper in Midtown. The improvements include a Wi-Fi-enabled public park with large-scale art installations, upgrades to the lobby, and the addition of a conference and amenity floor.
Central Park Tower‘s crown lights began to illuminate for the first time this past weekend, an exciting harbinger of the imminent full completion of the 1,550-foot Midtown supertall. Located at 217 West 57th Street on Billionaires’ Row, the tower is designed by Adrian Smith + Gordon Gill and developed by Extell and stands as the tallest structure by roof height in the Western Hemisphere and the tallest residential building in the world. Corcoran Sunshine and Extell Marketing Group are leading sales for its 179 units and are anticipating a $4 billion sellout.
The affordable housing lottery has launched for River Place, a 40-story residential building at 650 West 42nd Street in Midtown West, Manhattan. Built in 1999, the structure yields 921 units. Available on NYC Housing Connect are 47 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $38,743 to $167,570.
Construction is continuing to rise on 150 West 48th Street, a 330-foot tall, 38-story Hilton hotel in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 320,000-square-foot structure will yield 1,048 hotel rooms, up from the previous reported count of 974, making it the ninth-largest hotel in New York City. McSam Hotel Group purchased the site from Rockefeller Group in early 2019 for $140 million, and received a $250 million construction loan before work broke ground in 2020. Omnibuild is in charge of constructing the hotel.
