The long-gestating plan to revitalize Penn Station has taken a significant step forward with the selection of a development team for the Midtown, Manhattan transit hub. Penn Transformation Partners, a joint venture between Halmar and Skanska, will lead the project, which will involve extensive exterior and interior revisions to the facility while preserving and re-cladding Madison Square Garden.
YIMBY checked in on four ongoing projects in Midtown East, Manhattan, including three office-to-residential conversions and one commercial modernization. The projects are located between East 51st and 57th Streets and are representative of the wave of adaptive reuse efforts unfolding across the city to increase the supply of housing and make offices more tenant friendly.
Exterior work is progressing on The Morgan, an 18-story residential building at 38 East 35th Street in Murray Hill, Manhattan. Designed by INC Architecture & Design and developed by Continuum Company and Aksoy Holding, the 191-foot-tall structure will span 177,328 square feet and yield 137 condominium units. SLCE Architects is the architect of record for the property, which is located between Park and Madison Avenues.
Construction is finished on 18W55, a 25-story residential building at 18 West 55th Street in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers, the 289-foot-tall structure spans 153,104 square feet and yields 97 rental units with an average scope of 1,319 square feet. The project also includes 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The property is located on a formerly vacant interior lot between Fifth and Sixth Avenues.
Construction has topped out on Beekman, a 29-story residential building at 401 East 51st Street in the Turtle Bay section of Midtown East, Manhattan. Designed by Selldorf Architects and developed by CBSK Developers, the 358-foot-tall structure will yield 83 condominium units in studio- to three-bedroom layouts, two full-floor penthouses, and an exclusive three-story townhouse with it’s own private garage along East 51st Street, and 3,465 square feet of ground-floor commercial space. The property is alternately addressed as 930 First Avenue and located at the northeast corner of First Avenue and East 51st Street.
