This week, the MTA and SL Green debuted a new entrance to the Grand Central-42nd Street subway station at One Vanderbilt Avenue, a 77-story supertall office skyscraper in Midtown. The new entrance is the latest component of SL Green’s $220 million transit improvement project bundled into development of the commercial project.
Construction is continuing on the New York Korea Center, a highly distinctive 120-foot-tall building at 122-126 East 32nd Street in Murray Hill. Designed by Samoo Architects and Engineers (SAMOO) for Level Group, the Consulate General of the Republic of Korea in New York, purchased the property for $15.8 million in March 2008, including the use of nearly 4,500 square feet of air rights. The project, which broke ground in June 2018, is planned to yield 36,500 square feet.
Construction has passed the halfway mark at 601 West 29th Street, a 695-foot-tall residential skyscraper in Hudson Yards and number 20 on our countdown of the tallest buildings under construction in New York. Referred to as “Tower A” in a two-building development along with the adjacent 606 West 30th Street, the 58-story structure is designed by FXCollaborative for Douglaston Development and sits along Eleventh Avenue on the border of West Chelsea.
Demolition is continuing at 12 West 57th Street in Midtown, the site of a 672-foot-tall skyscraper that comes in at number 21 on our countdown of the tallest projects underway in the city. The 52-story project is designed by Skidmore, Owings, & Merrill (SOM) and is being developed by Sheldon Solow of Solow Management Corp., who filed permits back in 2019. A preliminary rendering was revealed in early May, showing a slender black glass monolith rising behind a white glass and marbled stone podium. The development required the demolition of three low-rise structures spanning from 10 to 20 West 57th Street.
Newmark has revealed a new collection of architectural renderings that illustrate the next phase of upgrades to The Paramount Building at 1501 Broadway in Times Square. In collaboration with Rosemark Management, Levin Management, and interior architects MKDA, the upgrades include Class A office suites ranging in size from 1,000 square feet up to 45,000 square feet, new corridors, and sweeping views of the New York City skyline.
