Midtown

Renovation Planned for Four-Story, 240,000-Square-Foot Retail Building at 247 West 42nd Street, Midtown

2:00 pm on January 5, 2017 By Reid Wilson

Tishman Realty is planning a $65 million renovation on the four-story, 240,000-square-foot commercial-retail building at 247 West 42nd Street, in the Times Square section of Midtown. The 400-foot-long structure, which includes the retail space under the Westin Hotel at the corner of Eighth Avenue, will receive a more streamlined and modern façade, with billboard advertisements. The property owner plans to keep some existing tenants while replacing others, Crain’s reported. Construction is expected in 2018, with occupancy anticipated in 2019.

One Vanderbilt Avenue from Bryant Park, courtesy SL Green

City Planning Commission Kicks Off Public Review for Midtown East Rezoning

5:00 pm on January 3, 2017 By Rebecca Baird-Remba

The City Planning Commission voted this morning to certify the rezoning of Midtown East, beginning the public review process for a dramatic upzoning that the city hopes will generate new office buildings.

27-Story, 97-Key Pestana Hotel Planned at 23 East 39th Street, Midtown East

1:00 pm on January 3, 2017 By Reid Wilson

The Pestana Hotel Group has purchased, for $16 million, a 99-year ground-lease for the 2,469-square-foot vacant lot at 23 East 39th Street, in Midtown East. The hotelier is planning to develop a 27-story, 97-key hotel at the site, Commercial Observer reported. Building permits, approved by the Department of Buildings in December 2015, are currently on file for a 27-story, 96-key structure, which YIMBY reported on in 2014. The plans indicate the tower will encompass 39,964 square feet and rise 273 feet to its pinnacle. Gene Kaufman’s SoHo-based architecture firm is behind the plans, although it wasn’t stated if Pestana will move forward with the same design. Arbalest Capital Corp. is the property owner. The site was home to a five-story building until March 2016, when it was demolished.

Revealed: Six-Story, Five-Unit Mixed-Use Building Planned at 192 Eighth Avenue, Chelsea

7:00 am on January 3, 2017 By Reid Wilson

Vinbaytel Developments has acquired the vacant three-story, 5,148-square-foot mixed-use building at 192 Eighth Avenue, located between West 19th and 20th streets in Chelsea. The new owner plans to build a six-story, five-unit mixed-use building, Commercial Observer reported. Building permits, which have not yet been approved, are currently on file for a 10,390-square-foot structure with 2,090 square feet of retail space on the ground floor, although the rendering appears to indicate retail on the second floor, as well. The residential condominiums, which should average 1,660 square feet apiece, will be located across the second through sixth floors, plus a seventh-floor penthouse. Little Neck, Queens-based Versatile Engineering is the applicant of record.

426-430 East 58th Street, image via Google Maps

Gamma Files Plans for 850-Foot-Tall Tower at 430 East 58th Street

7:00 am on January 2, 2017 By Rebecca Baird-Remba

Last year, Bauhouse Group’s Joseph Beninati unveiled ambitious plans to build a 950-foot-tall skyscraper at 3 Sutton Place, also known as 430 East 58th Street. Beninati defaulted on a $147 million loan in January, and the original lender for the deal, Gamma Real Estate, purchased the site and air rights for $98 million in a foreclosure auction last month. Now they’ve filed plans for an 844-foot-tall residential building on the property between First Avenue and Sutton Place.

The 40 individual landmarks designated by the New York City Landmarks Preservation Commission in 2016

A Look Back at the New York City Landmarks Designated in 2016

4:30 pm on December 23, 2016 By Evan Bindelglass

2015 marked the 50th anniversary of the New York City landmarks law. There were occasions to celebrate, and the Landmarks Preservation Commission designated six individual landmarks and four historic districts. 2016 was considerably busier for the commission. It designated 40 individual landmarks and two historic districts, including 12 new Midtown East landmarks and 26 sites from its backlog. Here are all of them, for you to take in as the year comes to a close.

Two-Tower, 22- and 10-Story Residential Complex Planned at 511 West 18th Street, Chelsea

8:00 am on December 23, 2016 By Reid Wilson

Related Companies has received approval from the City Planning Commission to develop a multi-tower, 430,000-square-foot mixed-use complex at 511 West 18th Street, in West Chelsea. The project will rise on either side of the High Line on a site located along Tenth Avenue, between West 18th and 19th streets.

520 Fifth Avenue Revealed, Ceruzzi’s New 71-Story Midtown Tower

8:00 am on December 21, 2016 By Nikolai Fedak

Back at the end of 2014, YIMBY reported on the first permits for Ceruzzi Properties’ new tower at 520 Fifth Avenue, on the corner of West 43rd Street. The building will rise 71 floors and 920 feet to its roof, with a design by Handel Architects that YIMBY can now reveal thanks to eagle-eyed Forum user YIM_Hudson.

128 West 23rd Street, image via Google Maps

Permits Filed: 128 West 23rd Street, Chelsea

7:00 am on December 19, 2016 By Rebecca Baird-Remba

Condo developers have radically reshaped 23rd Street in Chelsea over the last couple years. The newest arrival will be a 15-story project at 128 West 23rd Street, next to Anbau’s Citizen condos between Sixth and Seventh avenues.

Reveal for Two-Story, 30,000-Square-Foot Retail Building at 210 West 31st Street, Chelsea

7:00 am on December 15, 2016 By Reid Wilson

A rendering has been revealed of the two-story, 30,000-square-foot commercial redevelopment in the works at 210 West 31st Street, located across the street from Madison Square Garden in Chelsea. KBS Capital, which is affiliated with California-based KBS Strategic Opportunity REIT II, and Onyx Equities are developing the project. It will include two floors of restaurant and retail space, in addition to a roof deck, Real Estate Weekly reported. The redevelopment consists of the West 31st Street section of the Church of St. John the Baptist, which Onyx is ground-leasing from the congregation. Demolition of that 23,110-square-foot section is anticipated in 2017, with completion of the new building in 2018.

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Midtown

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