Midtown

316 5th Avenue

Work Appears to Stall for Possible KPF-Designed Residential Tower at 316 Fifth Avenue, in Koreatown

Work has yet to begin on 316 Fifth Avenue, a 539-foot-tall skyscraper from Kohn Pedersen Fox in Koreatown. Developed by Cottonwood Management, permits for the 39-story building were filed in July 2017 and called for 27 condominiums and 6,809 square feet of retail space across the first two floors. The Midtown development, totaling 52,340 square feet of newly created space, will be located at the corner of Fifth Avenue and West 32nd Street.

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Margaritaville Resort’s Façade Nears Completion at 560 Seventh Avenue in Times Square

Curtain wall installation is getting closer to completion on the Margaritaville Resort 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 nearly $300 million project stands topped out at 29 stories on the corner of Seventh avenue and West 40th Street. The property will contain a total of 234 hotel rooms.

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Rendering of new entryways at 545 Madison Avenue - Marx Realty; Studios Architecture

Marx Realty Announces $24 Million Renovation of 545 Madison Avenue in Midtown

Marx Realty has announced an extensive renovation project at 545 Madison Avenue to modernize the Midtown office building. The scope of work includes an overhaul of the lobby, creation of pre-built tenant suites on the third and 14th floors, and the construction of 5,000 square feet of new amenity spaces. According to representatives from the company, total construction costs for the project hover around $24 million and represent the growing demand for offices with hospitality-oriented amenities.

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