Construction is moving along at 685 First Avenue, as it nears completion in Murray Hill, Manhattan. The 42-story tower has officially launched sales ahead of its anticipated opening later this year, or early next.
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.
New information has been revealed for Related Companies’ 507 West 27th Street, a single-story commercial building rising under the High Line in Chelsea. Thanks to a YIMBY reader, we were provided with an image of a rendering at the site, revealing it has been dubbed “High Line Nine,” for the nine gallery spaces that will be created within.
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.
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.
