Midtown


401 8th Avenue Rendering

Rendering Revealed for 401 8th Avenue, Chelsea

The Riff Hotel in Chelsea has been sold for $27.5 million, and developers hope to build a new 12-story mixed-use building in its place. The site is a block away from Penn Station with access to subways, the LIRR, and Amtrak. Eastern Star Development purchased the site from Salt Equities.

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507 West 27th Street, image by Andrew Campbell Nelson

Update on 507 West 27th Street’s Rise Beneath the High Line, Chelsea

Yet another new development by Related Companies is nearing completion. Construction is underway at 507 West 27th Street, a snug single-story structure in Chelsea that is literally built under the High Line Park. While it’s not as glitzy or city-altering as what Related is building nearby, the 14-foot tall commercial structure is of interest because it showcases the possibility for small-scale development filling in underutilized plots of land.

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From left to right, 111 West 57, One57, Central Park Tower, and 220 Central Park South, image by Michael Young

Central Park Tower, Country’s Tallest Building Under Construction, Officially Reaches Supertall Territory

Central Park Tower is finally starting to stick out in Manhattan’s skyline. The building, located at 217 West 57th Street, has been obscured up until now by its immediate neighbor and the near-supertall tower, 220 Central Park South. Most significant to this update is CPT is finally reaching supertall status, i.e. 984 feet (300m) above ground. Extell Development Company and the Shanghai Municipal Investment Group are behind the project.

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