Thanks to efforts led by Cushman & Wakefield , the 27-story Heron Tower in Midtown has now achieved LEED-Gold Status. The Heron Tower, at 70 East 55th Street between Park Avenue and Madison Avenue, was built in 1987, yielding 154,000 square feet of office space, and stands 314 feet tall.
Two new renderings have been revealed for 511-515 West 18th Street, in West Chelsea, which is being developed by Related Companies. The images show two towers with pod-like bowed glass facades, and brick exteriors, running along Tenth Avenue, and positioned on either side of the High Line between 18th and 19th streets. Thomas Heatherwick will be the design architect.
The lobby at 1345 Avenue of Americas has been renovated, and today, YIMBY has an exclusive first look inside the space. Skidmore, Owings & Merrill were commissioned by Fisher Brothers to redesign the interior. The owners wanted to replace the original white and tan marble with a brighter, more spacious lobby, and the photos indicate that the architects have accomplished exactly that.
Last year, YIMBY’s pipeline report showed a dramatic decrease in new building filings, with 2015’s multi-family count of 32,702 units falling precipitously, to 19,356 in 2016. Fortunately, the hemorrhaging of pipeline additions has nearly come to a complete stop, and 2017 saw filings for 19,180 multi-family units, a drop of under one percent. The full report, covering all 2,030 new building applications filed last year, is downloadable in Excel format at the following link.
Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.
