Midtown

Redevelopment of 22 Vanderbilt by Milstein Properties Nears Completion

8:00 am on August 17, 2023 By Vanessa Londono

The massive modernization and redevelopment of Class A office building 22 Vanderbilt is nearing its completion. Owned by Milstein Properties, the 1.1 million-square-foot Midtown tower with direct underground access to Grand Central Terminal, is receiving over 275,000 square feet of hospitality-driven amenity spaces and services designed by SHoP Architects. Formerly known as 335 Madison, 22 Vanderbilt is among the most sought-after office buildings in New York City due to its direct connections to transit hubs, upgraded building system, and expansive amenity package. Since its rebranding in early 2023, over 120,000 square feet of leases have been signed, including one of Midtown’s largest new leases in 2023 with global public relations firm Joele Frank.

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Earthwork Begins for 400-Room Hotel at 711 Seventh Avenue in Times Square, Manhattan

8:00 am on August 16, 2023 By Michael Young and Matt Pruznick

Site preparations are underway at 711 Seventh Avenue, the site of an upcoming 32-story hotel in Times Square. Designed by Gene Kaufman Architect and developed in a joint venture between Flintlock Construction and Atlas Hospitality, the 343-foot-tall structure will yield 400 rooms under IHG Hotel & Resorts’ voco brand. Capital Industries was the demolition contractor for the three low-rise former occupants of the property, which has been combined into an L-shaped parcel with frontage along Seventh Avenue and West 48th Street.

Construction At PENN2 Continues At Two Penn Plaza in Midtown, Manhattan

8:00 am on August 14, 2023 By Michael Young

Construction and expansion work continues at PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the topped-out project involves the replacement of the 412-foot-tall tower’s outdated midcentury façade with a new glass curtain wall and set of light-colored metal paneling, a full gut renovation of its 1.61 million square feet of office space, new pocketed corner terraces, and a multi-story cantilevering volume along Seventh Avenue. GMSLLP is the façade consultant and Turner Construction Company and Skanska are the contractors for the property, which is located between West 31st and West 33rd Streets within the Penn District revitalization master plan.

“Bars of Color within Squares” at 425 Park Avenue South - Photo by Alan Schindler

L&L Holding Company Unveil Large-Scale Artworks at 425 Park Avenue in Midtown, Manhattan

7:00 am on August 14, 2023 By Sebastian Morris

L&L Holding Company has unveiled a pair of prominent artworks at Norman Foster‘s 425 Park Avenue office skyscraper in Midtown East. The artworks now occupy the building’s jewel box triple-height lobby and show on a digital display on the three ornamental fins that crown the structure.

New York Korea Center Awaits Finishing Touches at 122-126 East 32nd Street in Murray Hill, Manhattan

7:30 am on August 13, 2023 By Michael Young and Matt Pruznick

Work is wrapping up on The New York Korea Center, the new seven-story home of the Consulate General of the Republic of Korea at 122-126 East 32nd Street in Murray Hill. Designed by Samoo Architects and Engineers (SAMOO) and developed by Level Group, the 120-foot-tall structure will yield 36,500 square feet and is engineered to achieve LEED Certification. KSK Construction Group is the general contractor for the property, which is located on an interior lot between Park Avenue South and Lexington Avenue.

Excavation and Demolition Underway at 729-739 Second Avenue in Murray Hill, Manhattan

8:00 am on August 11, 2023 By Michael Young and Matt Pruznick

Excavation is underway at 729 Second Avenue, the site of a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty, the 237-foot-tall structure will yield 120,000 square feet with 157 units and 4,600 square feet of ground-floor retail space. Titan Industrial SVC Corp and Alba Services Inc. are the demolition contractors for the property, which is located between East 38th and East 39th Streets.

Murray Nears Completion at 509 Third Avenue in Murray Hill, Manhattan

8:00 am on August 1, 2023 By Michael Young and Matt Pruznick

Construction is finishing up on Murray, a 35-story residential tower at 509 Third Avenue in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Kahen Properties with Lalezarian Properties under the Third and Thirty Four LLC, the 386-foot-tall structure will span 166,917 square feet and yield 229 rental units with an average scope of 692 square feet, as well as 8,253 square feet of retail space on the ground floor and a private 30-foot-long yard. Charlton Development Group is the general contractor for the project, which is located at the corner of Third Avenue and East 34th Street.

Foundations Near Completion for 31-Story Hotel at 32 West 48th Street in Midtown, Manhattan

8:00 am on July 30, 2023 By Michael Young

Foundation work is nearing completion at 32 West 48th Street, the site of an upcoming 31-story hotel tower in Midtown, Manhattan’s Diamond District. Designed by SLCE Architects and developed by Extell, the 456-foot-tall structure will yield 213,158 square feet with 534 guest rooms. AECOM Tishman is the general contractor for the project, which is located between Fifth and Sixth Avenues, directly south of Rockefeller Center.

FÖRENA Completes Construction at 540 Sixth Avenue in Chelsea, Manhattan

8:00 am on July 28, 2023 By Michael Young and Matt Pruznick

Construction is complete on FÖRENA, a 12-story residential building at 540 Sixth Avenue in Chelsea. Designed by Morris Adjmi Architects and developed by Landsea Homes and DNA Development, the 80,000-square-foot structure contains 50 condominium units in one- to three-bedroom layouts with pricing starting at $1.575 million, and ground-floor retail space. Fredrik Eklund and John Gomes of The Eklund Gomes Team and The Tuinstra-Davis Team at Douglas Elliman are leading sales and marketing for the property, which was built by Ryder Construction at the corner of West 14th Street and Sixth Avenue on the border with Greenwich Village.

Ruby Two-Building Development Wraps Up at 243 West 28th Street in Chelsea, Manhattan

8:00 am on July 27, 2023 By Michael Young and Matt Pruznick

Construction is finishing up on Ruby, a pair of 22-story residential buildings at 243 West 28th Street in Chelsea. Designed by COOKFOX and developed by MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot project will yield 480 rental units with 144 reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. Douglas Elliman Development Marketing is in charge of leasing and marketing and Urban Atelier Group is the general contractor for the property, which is located on a through-block parcel between Seventh and Eighth Avenues with frontage on both West 28th and 29th Streets.

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