Midtown

17-Story Addition Atop 441 Ninth Avenue Closing in on Final Floors, Hudson Yards

441 Ninth Avenue, between 9th Avenue & Dyer Avenue and 34th Street & 35th Street, is undergoing a major transformation. The original eight-story structure was built in 1962 and once housed a warehouse, before being converted into an office building. Now, interiors are once again being renovated, and will sit beneath an all-new 17-story addition atop the square-shaped structure. Cove Property and Baupost Group are the developers of the 700,000 square foot project, named “Hudson Commons,” which is rising thanks to a $479 million construction loan secured last November.

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Hudson Yards from 53 West 53rd Street, image by Andrew Campbell Nelson

YIMBY’s 2018 Mid-Year Pipeline Report Shows Surge In New Development Filings With YTD Unit Count Increasing 67.5% Over 2017

While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.

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Foundation Work Underway for Thomas Heatherwick-Designed 511-525 West 18th Street, West Chelsea

Situated one block north of “The XI,” designed by Bjarke Ingels, and sitting adjacent to Frank Gehry’s IAC Building and Jean Nouvel’s residential tower at 100 Eleventh Avenue, Thomas Heatherwick is bringing his first set of residential buildings to the High Line, just after his “Vessel” recently topped off at Hudson Yards. The project, located at 511-525 West 18th Street, is being developed by Related Companies and will be one of the largest buildings in Chelsea when completed.

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