Midtown

219-229 East 42nd Street’s Office-To-Residential Conversion, Expansion Progresses in Midtown East, Manhattan

8:00 am on August 30, 2025 By Michael Young and Matt Pruznick

Work is progressing on the office-to-residential conversion and expansion of the former Pfizer headquarters at 229 East 42nd Street in Midtown East, Manhattan. Designed by Gensler and developed by Metro Loft Development and David Werner Real Estate Investments, the project involves the gut renovation and full re-cladding of the 33-story tower, along with the construction of a 19-story vertical expansion of the adjacent building at 219 East 42nd Street. The conversion will yield 1,600 rental apartments, with 25 percent reserved for affordable housing, as well as ground-floor retail space and 100,000 square feet of amenities. The abutting properties are located at the northwestern corner of East 42nd Street and Second Avenue.

The Avenir to Become a New Destination for Manhattan’s West Side

8:00 am on August 28, 2025 By Vanessa Londono

Silverstein Properties, alongside gaming partners Rush Street Gaming and Greenwood Gaming, has unveiled The Avenir — a $7 billion, mixed-use hotel, casino, entertainment, dining, and public art complex set to rise at 11th Avenue and 41st Street in Midtown West. If awarded a casino license, this development will redefine Manhattan’s Far West Side both architecturally and economically, while also meeting community and housing needs. The development team is currently securing approval from the Community Advisory Committee by September 30, 2025.

YIMBY Ad Partner

JPMorgan Chase Tower Opens to First Employees at 270 Park Avenue in Midtown East, Manhattan

8:00 am on August 26, 2025 By Michael Young and Matt Pruznick

Employees have begun moving into the JPMorgan Chase Tower, the financial titan’s 1,389-foot-tall headquarters at 270 Park Avenue in Midtown East. Designed by Norman Foster of Foster + Partners and developed by Tishman Speyer, the 60-story supertall skyscraper yields 2.5 million square feet of office space with a capacity of 14,000 employees, and is the tallest structure in New York completely powered by hydroelectric energy. Adamson Associates was the architect of record and Gensler is the workplace designer for the $3 billion project, which occupies a full city block bounded by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

623 Fifth Avenue, via Cohen Brothers Realty

Vornado Realty Trust To Acquire And Redevelop 623 Fifth Avenue In Midtown, Manhattan

7:00 am on August 26, 2025 By Max Gillespie

Vornado Realty Trust has announced an agreement to acquire the office condominium at 623 Fifth Avenue in Midtown, Manhattan for $218 million. Built in 1990, the 36-story, 382,500-square-foot tower sits above the Saks Fifth Avenue flagship store and was originally designed by Abramovitz Kingsland Schiff for the Swiss Bank. The building is currently 75 percent vacant and will be repositioned into a Class A boutique office building as part of Vornado’s broader Midtown portfolio. The property is located between East 49th and 50th Streets.

1 Times Square Prepares For Fall Opening in Times Square, Manhattan

8:00 am on August 25, 2025 By Michael Young and Matt Pruznick

Construction is nearing completion on One Times Square, a 26-story commercial tower at 1475 Broadway in Times Square. Designed by S9 Architecture and developed by Jamestown, the $500 million project involves the full gut renovation and re-cladding of the 395-foot-tall steel-framed structure, along with the addition of new LED displays and public viewing decks with platforms that will overlook the district. SLCE Architects is the architect of record for the property, which is located on a trapezoidal plot bounded by West 43rd Street to the north, West 42nd Street to the south, Broadway to the east, and Seventh Avenue to the west.

152 West 36th Street. Photo by Michael Young.

Self-Storage Conversion, Expansion Underway at 152 West 36th Street in Midtown, Manhattan

7:30 am on August 24, 2025 By Michael Young and Matt Pruznick

Work is ramping up on 152 West 36th Street, a 15-story Manhattan Mini Storage facility in Midtown, Manhattan’s Garment District. Designed by JMN Architecture and developed by Flatiron Equities and Mequity Companies, the project involves the conversion and vertical expansion of an existing eight-story Class C office building, and will yield 1,500 storage units across 75,000 square feet. The property is located between Sixth and Seventh Avenues.

Lefcourt Clothing Center. Photo courtesy of LPC

LPC Designates Five Garment Industry Buildings As Individual Landmarks In Midtown, Manhattan

7:30 am on August 23, 2025 By Max Gillespie

The New York City Landmarks Preservation Commission (LPC) has designated five architecturally and historically significant buildings in Manhattan’s Garment District as individual landmarks. The properties are the Barbey Building at 15 West 38th Street, Fashion Tower at 135 West 36th Street, the Furcraft Building at 242-246 West 30th Street, 29th Street Towers at 214 and 224 West 29th Street, and the Lefcourt Clothing Center at 275 Seventh Avenue. All buildings reflect early 20th-century commercial development tied to New York’s garment and fur industries and were designed by architects including Delano and Aldrich, Emery Roth, Henry I. Oser, and Ely Jacques Kahn.

Excavation Continues for 470-Foot Tower at 303 East 44th Street in Midtown East, Manhattan

8:00 am on August 22, 2025 By Michael Young and Matt Pruznick

Excavation is progressing at 303 East 44th Street, the site of a 35-story residential tower in Midtown East, Manhattan. Designed by ODA Architects, the 470-foot-tall structure will span 89,043 square feet and yield 131 condominium units along with 8,006 square feet of commercial space. Triangle Assets was originally listed as the developer of the project, but it’s unclear whether the company is still involved. The property is located on an interior lot between First and Second Avenues.

Vanderbilt University Gets Approval For 99-Year Campus Lease In Chelsea, Manhattan

7:00 am on August 19, 2025 By Max Gillespie

Vanderbilt University has received approval from the New York State attorney general to move forward with the lease of its new campus in Chelsea, Manhattan. The 99-year lease agreement, signed last fall with The General Theological Seminary, allows Vanderbilt to operate on a 2.7-acre site encompassing 13 buildings in a historic section of West 20th Street.

The Torch at 740 Eighth Avenue. Rendering courtesy of ODA New York.

The Torch Begins Its Ascent at 740 Eighth Avenue in Times Square, Manhattan

8:00 am on August 18, 2025 By Michael Young and Matt Pruznick

Construction is rising steadily on The Torch, a 52-story supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA and developed by Extell, the 1,067-foot-tall structure will span 875,372 square feet and yield an 825-room hotel topped by a public outdoor observation deck with a drop ride attraction in its signature stemlike column. The mixed-use project is also slated to include lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. SLCE Architects is the architect of record for the development, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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