Midtown

Tower Fifth, rendering by TMRW via Gensler / the NY Times

Macklowe Properties Lands $192 million Refinancing for Tower Fifth Supertall

7:30 am on October 10, 2019 By Vanessa Londono

Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.

Thomas Heatherwick’s 515 West 18th Street Now Officially Called Lantern House, in Chelsea

7:30 am on October 8, 2019 By Michael Young

The Related Companies has released new renderings and a new name for Thomas Heatherwick’s High Line project at 515 West 18th Street: Lantern House. The pair of residential structures is located along Tenth Avenue between West 18th Street and West 19th Street and flanks both sides of the High Line, which has seen a dramatic transformation from new construction over the past decade. The development is Heatherwick’s first residential project in New York City and in the United States. SLCE Architects is the architect of record.

111 West 57th Street’s Crowning Steel Officially Reaches 1,428-Foot Rooftop Parapet in Midtown Manhattan

8:00 am on October 7, 2019 By Nikolai Fedak

This past September saw concrete reach the rooftop of Extell‘s record-setting Central Park Tower at 217 West 57th Street, and shortly thereafter One Vanderbilt‘s spire quickly come together at the top of SL Green‘s new commercial jewel. October has also commenced with a bang, and last week, workers installed the first steel for the crowning level of SHoP Architects‘ 111 West 57th Street, reaching the parapet 1,428 feet above the streets below. That makes the building the second-tallest in New York City by its parapet, ranking below the 1,550-foot Central Park Tower, and above the 1,396-foot 432 Park Avenue. Work has indeed reached the last section of the crown, but is important to note that the supertall has not officially topped out yet.

Excavation Continues on World’s Tallest Modular Hotel at 842 Sixth Avenue in NoMad

7:30 am on October 7, 2019 By Michael Young

Work is underway at 842 Sixth Avenue in NoMad, where the world’s tallest modular hotel will soon rise. Designed by Danny Forster & Architecture, the 26-story building will house the AC NoMad Hotel by Marriott International and will eclipse the Lower East Side’s citizenM New York Bowery Hotel for the record. Concord Hospitality is the developer of the 100,000-square-foot project, which will contain 168 guest rooms, terraces, and a rooftop bar.

Klövern and GDS Development Break Ground on 28 & 7 Office Building, at 322-326 Seventh Avenue, in Chelsea

8:00 am on October 5, 2019 By Michael Young

Klövern and GDS Development recently broke ground on a new Manhattan boutique office project in Chelsea, called 28 & 7. Skidmore Owings & Merrill is the designer of the 12-story, class A office structure, which is located at 322-326 Seventh Avenue and is one of three properties that the two developers are working together on in New York City. Klövern is aiming to bring a more Scandinavian-inspired approach to the office market with higher sustainability standards and a more “human-scaled” design approach.

Rendering of he Morgan North Post Office roof deck - Tishman Speyer

Tishman Speyer to Develop 630,000-Square-Foot Office Space Atop the Morgan North Postal Facility in West Chelsea

7:30 am on October 4, 2019 By Sebastian Morris

Tishman Speyer and the United States Post Office have concluded negotiations to redevelop the upper floors of a historic postal facility into a dynamic office complex above West Chelsea. Known as the Morgan North Postal Facility, the building was originally completed in 1933 and encompasses an entire city block from Ninth to Tenth Avenue and 29th to 30th Streets.

12 East 48th Street’s Metallic Façade Panels Continue to Climb in Midtown East

7:30 am on October 2, 2019 By Michael Young

12 East 48th Street‘s distinctive metallic façade panels are making their way up the northern elevation of the 31-story Midtown East structure. Arranged in a staggered pattern surrounding floor-to-ceiling windows, the bold curtain wall will create a striking contrast with the surrounding masonry-clad buildings. Located between Madison Avenue and Fifth Avenue, the slim tower is topped out and will eventually open as a 161-room Hilton Grand Vacation Hotel. The project is designed by Handel Architects and developed by Hidrock Realty.

Margaritaville Resort Making Rapid Progress at 560 Seventh Avenue in Times Square

8:00 am on September 28, 2019 By Michael Young

The Margaritaville Resort is ascending swiftly at 560 Seventh Avenue in Times Square. Construction has passed the primary setback and workers are forming the floor plates for the main massing that will contain the hotel’s 234 rooms. Portions of the metal-trimmed glass façade have also begun to be installed on the tower, which will rise 29 stories. The project is designed by Stonehill & Taylor Architects and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services.

Rendering of Pendry Manhattan West Hotel - Skidmore Owings & Merril

SOM’s Pendry Manhattan West Hotel Tops Out in Hudson Yards

7:30 am on September 28, 2019 By Sebastian Morris

The Pendry Manhattan West Hotel has topped out above the expansive new Manhattan West complex adjacent to Hudson Yards. Designed by Skidmore Owings & Merrill, the building features a distinctive fluted glass façade on its northern and southern elevations, an interesting departure from the boxy and angular style of the megaliths that permeate this area of Manhattan. The hotel’s official address is 4 Manhattan West and is expected to debut in 2021.

685 Fifth Avenue. Rendering via Marin Architects

685 Fifth Avenue’s Mandarin Oriental Conversion and Expansion Now Underway, in Midtown

8:00 am on September 24, 2019 By Michael Young

Work is underway to prepare 685 Fifth Avenue for a 100,000-square-foot office-to-condominium conversion. The first batch of scaffolding has been assembled on the northern profile of the address, and a green scaffold board runs along the top of the retail section. The 20-story building will eventually be a 30-story building, with ten additional floors to be built atop the current roof parapet. The residential component will comprise 69 condos, to be managed by Mandarin Oriental Hotel Group. SHVO is the property developer and has partnered with BLG Holdings and Deutsche Financial to spend $135 million on the expansion and conversion of the property, which will stand 350 feet tall and rise 30 stories when complete. Marin was the architect of record and the design architect, with March & White handling the interior design. Brookfield Properties is in charge of marketing the Fifth Avenue retail space.

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