Midtown

Developer Considering Residential Project at Site Of 24-Story Apartment Tower, 301 First Avenue, Gramercy

6:30 am on January 12, 2017 By Reid Wilson

CIM Group has entered into contract to purchase, for nearly $90 million, the vacant 24-story, 156-unit apartment building at 301 First Avenue, located on the corner of East 17th Street in Gramercy. The future owners of the 200,000-square-foot tower are floating plans to either renovate the property into rental apartments or demolishing it for a new condominium building, The Real Deal reported. The 13,248-square-foot lot is currently overbuilt under present-day zoning laws. The building was built in 1969 to house Mount Sinai Beth Israel medical personnel and was vacated in the summer of 2016.

2017 New Construction Report: Building Applications Crash, Down 38 Percent Since 2015

4:00 pm on January 6, 2017 By Nikolai Fedak

New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.

11-Story, 12-Unit Mixed-Use Building Tops Out at 515 West 29th Street, Chelsea

3:00 pm on January 6, 2017 By Reid Wilson

The 11-story, 12-unit mixed-use building under construction at 515 West 29th Street, in West Chelsea, has topped out. Progress on the project, which includes façade installation, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the structure, built up from an existing six-story factory, encompasses 36,876 square feet and rises 135 feet in height. It will include 1,698 square feet of retail space across the cellar and ground floors, followed by 12 condominiums across the second through 11th floors. The apartments should average a spacious 2,932 square feet apiece. Bauhouse Group is the developer. SCDA Architects is the design architect and S.M. Berger Architecture is the architect of record.

7 West 57th Street, image via Google Maps

Sheldon Solow Files Plans for 19-Story Building at 7 West 57th Street

4:30 pm on January 5, 2017 By Rebecca Baird-Remba

Back in 1974, developer Sheldon Solow built a 50-story office tower at 9 West 57th Street that featured a dramatic, sloping facade clad in dark glass. Now he plans to knock down a little office building next door at 7 West 57th Street, to make way for a 19-story residential building.

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.

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