Midtown

Malabar Residences Nears Completion At 126 East 57th Street in Midtown East, Manhattan

Construction is getting closer to completion on Malabar Residences, a 28-story residential tower at 126 East 57th Street in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development, the 346-foot-tall structure will span 140,806 square feet and yield 145 condominium units with an average scope of 971 square feet. The project will also include two lower-level retail spaces spanning 4,114 square feet, and amenities for residents. The property is located at the northwest corner of East 56th Street and Lexington Avenue and includes a narrow panhandle extension to East 57th Street.

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Permits Filed for 175 Park Avenue Supertall Skyscraper in Midtown East, Manhattan

RXR Realty has filed permits for 175 Park Avenue, a 95-story mixed-use supertall in Midtown East, Manhattan. Designed by Skidmore, Owings & Merrill and co-developed by TF Cornerstone, the project has been expanded from its last-announced scope of 83 stories. It’s unclear whether the skyscraper’s previous 1,545-foot height will also be revised. The development, formerly dubbed Project Commodore, will replace the existing Grand Hyatt New York and rise adjacent to Grand Central Terminal at the northwest corner of Lexington Avenue and East 42nd Street.

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New Renderings Revealed For Rolex Headquarters At 665 Fifth Avenue In Midtown, Manhattan

New renderings have been revealed for The Rolex Building, a 30-story office tower nearing completion at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects and developed by the Rolex Realty Company, the 469-foot-tall structure will bring 165,000 square feet of office and retail space to the southeast corner of Fifth Avenue and East 53rd Street.

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$203 Million Secured For Redevelopment Of 221 West 41st Street In Midtown, Manhattan

Naftali Credit Partners has closed a $203 million loan for an office-to-residential conversion of 221 West 41st Street, a 25-story building in Midtown, Manhattan. The financing was structured for Yellowstone Real Estate Investments and marks the tenth deal from Naftali Credit Partners’ second opportunistic debt fund. According to the announcement, the loan will refinance existing bridge debt and cover construction-related costs tied to the office-to-residential conversion. The property is located between Seventh and Eighth Avenues.

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609 Fifth Avenue. Designed by Rafael Viñoly Architects.

Residential Conversion and Expansion Revealed for 609 Fifth Avenue in Midtown East, Manhattan

New renderings have been revealed for the proposed 29-story office-to-residential conversion and vertical expansion of 609 Fifth Avenue in Midtown East, Manhattan. Designed by Rafael Viñoly Architects and developed in a joint venture between RJ Capital Holdings and Top Rock Holdings, the project would more than double the height of the existing 14-story office structure from 187 feet to 408 feet tall and increase its square footage by 93,000 to nearly 226,000 square feet. The revamped building is slated to yield 66 condominium units. The property is alternately addressed as 4 East 49th Street and located at the southeast corner of Fifth Avenue and East 49th Street.

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