Midtown

Housing Lottery Launches for 420 West 42nd Street in Midtown West, Manhattan

7:00 am on March 14, 2024 By Vanessa Londono

The affordable housing lottery has launched for 420 West 42nd Street, a 40-story residential building in Manhattan‘s Midtown West. Designed by Hardy Holtzman Pfeiffer Architects and developed by The Brodsky Organization in 2000, the structure yields 210 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $78,858 to $198,250.

538-542 West 29th Street Prepares For Demolition in West Chelsea, Manhattan

7:30 am on March 3, 2024 By Michael Young

Demolition preparations are underway at 538-542 West 29th Street, the site of an art-inspired mixed-use hotel and condominium building in West Chelsea, Manhattan. Designed in collaboration between Jeffrey Cole Architects and AA Studio and developed by hospitality group PPHE Hotel Group and Largo Investments, which acquired the property for $42 million, the 74,000-square-foot structure is planned to yield 98 guest rooms and 55 residences. W29 Owner LLC is listed as the owner and Northeast Specialist Group LLC is the contractor for the project, which is located between Ninth and Tenth Avenues.

489 Fifth Avenue’s Façade Replacement Progresses in Midtown, Manhattan

7:30 am on February 26, 2024 By Michael Young and Matt Pruznick

Re-cladding work is progressing on 489 Fifth Avenue, a 34-story Class A office building in Midtown, Manhattan. Designed by Kahn & Jacobs in the 1970s, the 175,746-square-foot structure is in the process of an extensive exterior overhaul with modern, expansive glass replacing the former window grid on the main western elevation facing the New York Public Library and Bryant Park. RBG is listed as the owner of the property, which is alternately addressed as 12 East 42nd Street and stands on a 5,100-square-foot interior lot between East 41st and East 42nd Streets.

Excavation Progresses at 354-360 West 52nd Street in Hell’s Kitchen, Manhattan

7:30 am on February 25, 2024 By Michael Young and Matt Pruznick

Excavation and early foundation work is steadily progressing at 354 West 52nd Street, an upcoming seven-story condominium property in Hell’s Kitchen, Manhattan. Designed by Architecture Outfit and developed by Cadence Property Group, HOH Capital Partners, and Deal Lake Capital, who also purchased the adjacent 360 West 52nd Street lot to the west as part of the project, the future 66-foot tall, 55,000-square foot structure will yield 32 units spanning one- to three-bedrooms, stretch nearly 92 feet along West 52nd Street and include a 20-foot wide private main entrance on West 51st Street. Titanium Construction Services, Inc. is the general contractor for the site, which is located between Eighth and Ninth Avenues.

Related Companies Reveals Bid for Supertall Skyscraper Casino Complex in Hudson Yards, Manhattan

8:00 am on February 24, 2024 By Michael Young and Matt Pruznick

Plans have been revealed for Hudson Yards Phase Two, the latest bid for a potential mixed-use casino development in Manhattan. Partners Related Companies and Wynn Resorts filed plans with the Department of City Planning calling for a $12 billion complex consisting of multiple skyscrapers that would yield 1,500 apartments, 2 million square feet of office space, a public school and daycare center, and a hotel and casino operated by the Las Vegas-based hospitality brand. The development is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

JPMorgan Headquarters Reaches 1,388-Foot Pinnacle at 270 Park Avenue in Midtown East, Manhattan

8:00 am on February 23, 2024 By Michael Young and Matt Pruznick

Construction has fully topped out on JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. AECOM Tishman is the general contractor for the full-block project, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

1301 Avenue of the Americas, via Paramount Group

Nexstar Media Group Secures Full-Floor Sublease At 1301 Avenue Of The Americas In Midtown, Manhattan

7:00 am on February 19, 2024 By Max Gillespie

Nexstar Media Group, the largest TV station operator in the United States, has secured a full-floor sublease at 1301 Avenue of the Americas in Midtown, Manhattan. Nexstar will rent 68,114 square feet on the building’s seventh floor from tax advisory firm CohnReznick. The deal was facilitated by Avison Young.

New Renderings Revealed for BIG’s Four-Skyscraper Freedom Plaza Master Plan in Murray Hill, Manhattan

8:00 am on February 13, 2024 By Michael Young and Matt Pruznick

Bjarke Ingels Group (BIG) has unveiled a new set of renderings of its 4.1-million-square-foot proposal for Freedom Plaza, a potential mixed-use casino development on the border of Murray Hill and Tudor City. Developed by The Soloviev Group, which currently owns the property, in a joint collaboration with Mohegan Gaming & Entertainment, plans call for two new residential skyscrapers rising 50 to 60 stories tall with 1,325 apartments, including 510 affordable housing units, as well as two 51-story hotel towers with 1,200 guest rooms split between Banyan Tree and Mohegan branding. A new landscaped waterfront park, a below-grade casino, and a museum would sit beneath the skyscrapers. The 6.5-acre property is the largest undeveloped plot in Manhattan, and is located along First Avenue between East 38th and East 41st Streets, directly south of the United Nations complex.

125 West 57th Street Approaches Final Floors in Midtown, Manhattan

8:00 am on February 10, 2024 By Michael Young and Matt Pruznick

Construction is nearing topping out on 125 West 57th Street, a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will span 260,000 square feet and yield 185,000 square feet of Class A office space, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. Leading Builders Group is the general contractor for the project, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

126 East 57th Street Continues Ascent in Midtown, Manhattan

8:00 am on February 9, 2024 By Michael Young and Matt Pruznick

Construction is continuing to rise on 126 East 57th Street, a 28-story residential building on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the rising 346-foot-tall structure will yield 147 condominium units with an average scope of 1,156 square feet, as well as 5,000 square feet of lower-level retail space. WSP USA is the engineer and Plaza Construction is the general contractor for the property, which is being constructed on an L-shaped parcel at the corner of East 56th Street and Lexington Avenue, with a narrow extension to East 57th Street.

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