Midtown

FIT’s New Academic Building Nears Completion at 220 West 28th Street in Chelsea, Manhattan

8:00 am on January 21, 2024 By Michael Young and Matt Pruznick

Work is nearing completion on Fashion Institute of Technology‘s ten-story New Academic Building at 220 West 28th Street in Chelsea, Manhattan. Designed by SHoP Architects, the 110,000-square-foot structure is engineered to LEED Gold standards and will yield new classrooms, administrative offices, review and exhibition spaces, and a student quad illuminated by skylights. Forte Construction Corp. is the general contractor for the property, which stands on a shallow plot between Seventh and Eighth Avenues on the northernmost edge of the FIT campus.

Mulligan Security Expands Lease At 7 Penn Plaza In Chelsea, Manhattan

7:30 am on January 20, 2024 By Max Gillespie

National real estate investment firm The Feil Organization has announced that private security and fire safety contractor Mulligan Security has expanded its lease at 7 Penn Plaza in Chelsea, Manhattan. The company will extend its lease for 12 years and expand its footprint by 15,788 square feet, bringing its total occupancy to 24,788 square feet.

278 Eighth Avenue Finishes Up Construction in Chelsea, Manhattan

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

Construction is finishing up on 278 Eighth Avenue, a 14-story mixed-use residential building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.

New Rendering Spotted For 280 Eighth Avenue in Chelsea, Manhattan

8:00 am on January 14, 2024 By Michael Young

YIMBY spotted a new rendering amidst excavation at 280 Eighth Avenue, an upcoming 10-story mixed-use residential building in Chelsea, Manhattan. Designed by SLCE Architects and developed by Red Apple Group under the RA 280 Development LLC, the future 113-foot-tall structure will yield 58,021 square feet. Components include 52,432 square feet designated for residential space split among 64 rental units averaging 819 square feet apiece, 4,642 square feet for commercial space, 947 square feet for community facility space, a cellar level, and a 24-foot-long rear yard. Archstone Builders, LLC is the general contractor for the property, which is situated at the corner of Eighth Avenue and West 24th Street.

Excavation Underway at 656 Lexington Avenue in Midtown East, Manhattan

8:00 am on January 10, 2024 By Michael Young

Excavation is underway at 656 Lexington Avenue, the site of a 19-story residential building in Midtown East, Manhattan. Designed by Zproekt Architecture and developed by Sergey Rybak under the 660 Lexington Avenue Development LLC, the 233-foot-tall structure will span 52,558 square feet and yield 23 condominium units with an average scope of 2,123 square feet, as well as 2,551 square feet of commercial space, 1,174 square feet of community facility space, and a cellar level. Rybak Development Corp. is the general contractor for the property, which is alternately addressed as 133 East 55th Street and located at the corner of Lexington Avenue and East 55th Street.

Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

$151.4M Capitalization Secured For 335 Eighth Avenue In Chelsea, Manhattan

7:30 am on January 10, 2024 By Max Gillespie

JLL Capital Markets has arranged a $151.4 million capitalization for 335 Eighth Avenue, a seven-story mixed-use building under construction in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Safanad, the structure will yield 188 units with 30 percent reserved for low- and middle-income residents, as well as over 30,000 square feet of amenities, 25,461 square feet of retail space, and 1,150 square feet of community facility space. Financing was secured from Bank OZK and MetLife Investment Management for the project, which broke ground in October 2023.

Two Penn Plaza, courtesy of Vornado Realty Trust

Cushman & Wakefield Appointed Leasing Agent For PENN 2 Office Tower In Midtown, Manhattan

7:00 am on January 9, 2024 By Max Gillespie

Vornado Realty Trust has announced a major step in the revitalization of its Penn District campus with the appointment of Cushman & Wakefield as the exclusive leasing agent for PENN 2, a 1.8-million-square-foot office tower undergoing renovations at Two Penn Plaza in Midtown, Manhattan. The partnership aims to position PENN 2 as a premier destination for leading companies in the heart of Manhattan’s Westside.

350 West 44th Street’s Exterior Progresses in Hell’s Kitchen, Manhattan

7:30 am on January 8, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 350 West 44th Street, a seven-story residential building in Hell’s Kitchen, Manhattan. Designed by Z Architecture and developed by Yevgeniy Lvovskiy of ZHL Group under the 350 West 44th LLC, the 66-foot-tall structure will span 31,497 square feet and yield 29 condominium units with an average scope of 964 square feet, as well as 3,518 square feet of commercial space, a cellar level, and a 30-foot-long rear yard. YM Pro Corp. is the general contractor for the property, which is located on an interior lot between Eighth and Ninth Avenues, directly south of McCaffrey Playground.

DoorDash Expands New York Presence with Lease at 200 Fifth Avenue In Flatiron, Manhattan

7:00 am on January 7, 2024 By Max Gillespie

In a major expansion of its New York operations, DoorDash has inked a lease for more than 115,000 square feet at 200 Fifth Avenue, a 13-story commercial building in Flatiron, Manhattan. The deal is an expansion of the 57,691 square feet that it currently occupies in the structure, which is located at the intersection of Fifth Avenue, Broadway, and 23rd Street along Madison Square Park.

Permits Filed for 115 Seventh Avenue in Chelsea, Manhattan

6:30 am on January 7, 2024 By Vanessa Londono

Permits have been filed for a vertical expansion and repurposing of an existing seven-story commercial building into a 12-story mixed-use structure at 115 Seventh Avenue in Chelsea, Manhattan. Located between West 16th Street and West 17th Street, the lot is one block north of the 18th Street subway station, serviced by the 1 train. Robert Shengchu Huang is listed as the owner behind the applications.

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