Midtown


One Vanderbilt

Demolition Progresses at Site of One Vanderbilt, 67-Story, 1.73-Million-Square-Foot Office Tower in Midtown East

Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.

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117 West 21st Street

New Details, Renderings for 12-Story, Nine-Unit Condominium Project at 117 West 21st Street, Chelsea

In March of 2015, the Amirian Group acquired, for $28.5 million, the vacant four-story commercial building at 117 West 21st Street, in Chelsea, with plans to redevelop the property into a 12-story, nine-unit residential building. Now, new details and renderings of the project, being dubbed The Twenty 1, have been revealed in a Curbed NY report. The existing structure is being expanded by eight stories to accommodate 32,541 square feet of residential space. The apartments, which will be condominiums, should average a spacious 3,616 square feet apiece. There will be six full-floor units, two duplex penthouses, and one townhouse. Amenities include private residential storage, a five-car parking garage, and a rooftop terrace. GRADE Architecture is designing the building and is serving as the architect of record.


531-539 Sixth Avenue

Investment Firm to Purchase Mixed-Use Development Site at 531-539 Sixth Avenue, Chelsea

Hong Kong-based Gemini Investments is in contract to acquire the single-story, 14,000-square-foot commercial building at 531-537 Sixth Avenue and the four-story mixed-use building at 539 Sixth Avenue, in southern Chelsea. The investment firm is paying $53 million for the assemblage, according to The Real Deal. The properties are located at the corner of West 14th Street, and if both existing buildings are demolished, the site can accommodate up to 60,566 square feet of mixed-use development. The single-story building is currently vacant, although the four-story mixed-use building is occupied by a retail tenant and a few residential units. Plans for the site have not been disclosed. Neither demolition permits nor new buildings applications have yet been filed.


12 East 48th Street

31-Story, 161-Key Hotel Filed at 12 East 48th Street, Midtown

Back in 2014, Hidrock Realty Inc. acquired, for $47 million, the collection of five- and six-story commercial buildings at 12-14 East 48th Street and 13 East 47th Street, in Midtown, located between Fifth and Madison avenues. At the time, the developer planned to construct a residential tower, but new building applications have now been filed for a 31-story, 161-key hotel. The building will measure 115,924 square feet in its entirety and will contain ground-floor retail space. The hotel rooms will be located on the third through 29th floors, and guest amenities are to include a courtyard on the ground floor, a fitness center, a lounge with a pantry, storage for bikes, and a terrace on the second floor. Financial District-based Handel Architects is the architect of record. The permit indicates the seven-story commercial building at 16 East 48th Street is also part of the development assemblage. Demolition permits are currently on file for the buildings at 12-14 East 48th Street and 13 East 47th Street.


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