Following last year’s purchase of 685 Fifth Avenue, developer Michael Shvo has announced a partnership with Mandarin Oriental Hotel Group to manage a collection of condominiums within the property. Rounding out the development team for the project is Turkish investment group Bilgili Holding and investment management firm Deutsche Finance.
JLL Capital Markets recently announced the successful acquisition of a $36.7 million loan to facilitate the construction of a new, mixed-use condominium building in Manhattan. Located on the border of Flatiron and Chelsea, the building’s official address is 128-130 West 23rd Street, and the project is already under construction.
A highly anticipated LPC hearing for the renovation and exterior alteration at the New York Public Library’s Stephen A. Schwarzman Building at 476 Fifth Avenue will take place later today. Earlier this month, the Landmarks Committee of Community Board 5 met to discuss proposed changes to the library that would introduce new outdoor areas.
Thanks to aerial photographs taken by Tectonic, we now have a clear overview of the current progress at 66 Hudson Boulevard, aka The Spiral. Designed by Bjarke Ingels Group and developed by Tishman Speyer, the site of the future supertall commercial office building is wrapping up excavation while the two construction cranes assembled in the past couple of weeks are now fully operating.
Designed with a symmetrically curvilinear space frame with triangular-shaped glass panels, construction progresses on the new addition at 44 Union Square. When completed, this contemporary addition will create two new floors that overlook Union Square. The total square footage of the 90-year-old landmarked mixed-use building will increase to 70,348 square feet. BKSK Architects is the designer, while Edifice Real Estate Partners is developing the property. CNY Group is in charge of the construction and renovations.
