Midtown

Photograph of Rockefeller Center, courtesy of Tishman Speyer

Tishman Speyer Secures $3.5B Refinancing for Rockefeller Center In Midtown, Manhattan

7:00 am on October 21, 2024 By Max Gillespie

Tishman Speyer recently secured a $3.5 billion loan to refinance Rockefeller Center in Midtown, Manhattan. The loan is the largest-ever CMBS issued for a single office asset. Bank of America and Wells Fargo co-led the five-year single asset single borrower loan, which carries a fixed interest rate of 6.2265 percent. The funds will be used to pay off an existing $1.7 billion loan and mezzanine financing due in May 2025, as well as cover leasing costs.

650 First Avenue’s Office-To-Residential Conversion and Expansion Progresses in Murray Hill, Manhattan

8:00 am on October 18, 2024 By Michael Young and Matt Pruznick

Work is progressing on 650 First Avenue, an 11-story office-to-residential conversion and expansion in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Lalezarian Properties under the First and River LLC, the project involves the interior overhaul of a 120-year-old commercial building and the construction of four new stories above its parapet, bringing its height to 125 feet. The structure will span 100,000 square feet and yield 111 units. The property is located at the northeast corner of First Avenue and East 37th Street.

Xadia Hotel Tops Out At 58 West 39th Street in Midtown, Manhattan

8:00 am on October 14, 2024 By Michael Young and Matt Pruznick

Construction has topped out on Xadia Hotel, a 42-story hotel tower at 58 West 39th Street in Midtown, Manhattan. Designed by Marin Architects and developed by Wei Hong Hu under the H Hotel LLC, the 475-foot-tall structure will yield 173 guest rooms and amenities including a restaurant, an arcade, and a rooftop bar. The development is located on a narrow interior plot between Fifth and Sixth Avenues, one block south of Bryant Park.

Excavation Begins at 622 Eleventh Avenue in Hell’s Kitchen, Manhattan

8:00 am on October 13, 2024 By Michael Young

Excavation is underway at 622 Eleventh Avenue, the site of a 14-story residential building in Hell’s Kitchen, Manhattan. Designed by S. Wieder Architect and developed by Cheskel Schwimmer of Chess Builders LLC, the 119-foot-tall structure will span 127,613 square feet and yield 188 rental units with an average scope of 677 square feet, as well as 173 square feet of commercial space and a cellar level. The property is bound by West 46th Street to the north and Eleventh Avenue to the west, with frontage on both streets.

Excavation Progresses at 555 West 45th Street in Hell’s Kitchen, Manhattan

7:30 am on October 13, 2024 By Michael Young and Matt Pruznick

Excavation is moving along at 555 West 45th Street, the site of a seven-story residential building in Hell’s Kitchen, Manhattan. Designed by S. Wieder Architect and developed by Cheskel Schwimmer of Chess Builders LLC, the same team behind the nearby 622 Eleventh Avenue, the 53,307-square-foot structure will yield 56 units and collection of amenities in the cellar level. The property is located on an interior lot between Tenth and Eleventh Avenues.

Housing Lottery Launches for 160 Madison Avenue in Midtown Manhattan

7:30 am on October 10, 2024 By Vanessa Londono

The affordable housing lottery has launched for the 160 Madison Avenue waitlist, which is filling current and future vacancies. There are five studios and one one-bedroom unit currently available. Built in 2015, One Sixty Madison is a 42-story residential building in Manhattan’s Midtown neighborhood. Designed by SLCE, and developed by JD Carlisle, the building has 319 units. Available on NYC Housing Connect are units for residents at 40 and 50 percent of the area median income (AMI), ranging in eligible income from $23,297 to $83,850.

Photograph of 125 Park Avenue, via SL Green

TD Bank Expands Presence To 130,057 Square Feet at 125 Park Avenue In Midtown, Manhattan

7:30 am on October 9, 2024 By Max Gillespie

SL Green Realty Corporation, Manhattan’s largest office landlord, recently announced the signing of a new 26,255-square-foot, ten-year lease with TD Bank at 125 Park Avenue in Midtown, Manhattan. The lease covers the entire eighth floor of the landmarked building. With this expansion, TD Bank now occupies a total of 130,057 square feet in the building, bringing 125 Park Avenue to 100 percent occupancy.

Skylift At Top of The Rock Opens At 30 Rockefeller Center in Midtown, Manhattan

8:00 am on October 7, 2024 By Michael Young and Matt Pruznick

Last week, Rockefeller Center celebrated the opening of Skylift at Top of The Rock, a new open-air attraction at 30 Rockefeller Center in Midtown, Manhattan. Designed in collaboration between architect Richard J. DeMarco, AIA, principal of MADGI, and experiential designer THG Creative, the experience hoists visitors to nearly 900 feet above street level on a revolving platform, providing unobstructed 360-degree views of New York City. 30 Rockefeller Center is bound by Sixth Avenue, Rockefeller Plaza, and West 49th and West 50th Streets.

Photograph of Anagram Gramercy, via Global Holdings

51 Irving Place Rebrands to Anagram Gramercy In Gramercy Park, Manhattan

7:30 am on October 4, 2024 By Max Gillespie

51 Irving Place, a rental building located in Gramercy Park, Manhattan, recently unveiled a rebrand to Anagram Gramercy. The seven-story building, which was built in 1969, is currently managed by Global Holdings. It is the third residential property under Global’s Anagram brand, with more planned for the future.

Excavation Progresses at 509 West 48th Street in Hell’s Kitchen, Manhattan

8:00 am on October 2, 2024 By Michael Young

Excavation work is moving along steadily at 509 West 48th Street, the site of an eight-story residential building in Hell’s Kitchen, Manhattan. Designed by S9 Architecture and Engineering and developed by Douglaston Development under the West 48 Owner LLC, the 77-foot-tall structure will span 131,720 square feet and yield 158 rental units with an average scope of 795 square feet, as well as a 6,026-square-foot affordable rehearsal and coworking space for artists operated by the non-profit IndieSpace on the ground floor, and a public open space designed and maintained by the New York City Department of Parks and Recreation. The project is alternately addressed as 705 Tenth Avenue and is being constructed over active rail tracks on a plot bound by Tenth Avenue, West 48th, and West 49th Streets.

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Midtown

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