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.
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.
