The reinforced concrete slabs and columns of the Riu Hotel continue to rise at 145 West 47th Street near Times Square. Berg + Moss Architects is the designer and Tribeach Holdings is the developer of the 343-room hotel, which will eventually reach 27 stories and encompass 141,500 square feet of newly built space.
David Chipperfield Architects has released renderings of the new Rolex headquarters at 665 Fifth Avenue in Midtown. Located at the corner of Fifth Avenue and West 53rd Street, the 25-story structure will replace the company’s current 12-story, 1970s-era building that currently occupies the site.
Cravath, Swaine & Moore, one of the country’s longest-running law firms, has finalized negotiations to establish its New York headquarters at Brookfield’s Two Manhattan West. As anchor tenant of the property, Cravath will occupy 13 floors of the building or approximately 481,000 square feet.
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.
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.
