Governor Andrew Cuomo this week unveiled a multi-billion dollar initiative to revitalize and rebuild infrastructure across New York State. Entitled “Reimagine | Rebuild | Renew,” the 2021 agenda is touted as the largest state infrastructure plan in the country and sets in motion the improvement of state roadways, public transportation, airports, and large swaths of Midtown, Manhattan.
Construction is nearing topping out at 300 West Street, a 16-story mixed-use building in Chelsea. The structure will yield 80 residential units as well as ground-floor retail space. The project is designed by Studio C Architects and developed by Hiwin USA, which purchased the property from Salt Equities in May 2018 for $27.5 million. The site is located at the corner of Eighth Avenue and West 30th Street, a short walk away from number of transit hubs including Penn Station and the newly opened Moynihan Train Hall.
Exterior work is progressing on 28 & 7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Klövern AB and GDSNY, the structure will yield 105,000 square feet of commercial space leased by CBRE. Triton Construction is the general contractor for the project, which is located at the corner of Seventh Avenue and West 28th Street.
Façade installation is nearing completion on the Margaritaville Resort New York at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 29-story, 375-foot-tall tower will yield 234 guest rooms with island-inspired interior designs. The project, which is located at the corner of Seventh Avenue and West 40th Street, is expected to cost around $300 million.
Demolition work is continuing at 1568 Broadway in Times Square, where the 46-story, 470-foot-tall building now stands less than 20 stories high. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the project involves the partial demolition of the former DoubleTree Suites by Hilton and construction of a new 46-story, 550,000-square-foot hotel tower dubbed TSX Broadway, on its foundations. This also includes the preservation of the 108-year-old Palace Theater, which will be raised 30 feet to make room for ground-floor retail space. The site is located at the corner of Seventh Avenue and West 47th Street, directly across from the TKTS stairs.
