Midtown

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

10:00 am on June 14, 2016 By Reid Wilson

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.

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

2:00 pm on June 13, 2016 By Reid Wilson

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.

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

11:00 am on June 13, 2016 By Reid Wilson

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.

McSam Hotel Group Acquires 99-Year Ground Lease at Commercial Development Site, 523-529 Eighth Avenue, Garment District

10:00 am on June 13, 2016 By Reid Wilson

Sam Chang’s Great Neck, N.Y.-based McSam Hotel Group has closed, for $27.1 million, on a 99-year ground lease of the 7,454-square-foot property at 523-529 Eighth Avenue, in the Garment District section of Midtown. Located on the corner of West 36th Street, the lot is currently occupied by a single-story, 7,400-square-foot retail building with five commercial units, according to The Real Deal. The site can accommodate up to 74,540 square feet of commercial development. Neither demolition permit nor new building permits have yet been filed with the Department of Buildings. It’s not known when the tenants’ leases expire, and plans for the site have not been disclosed. The property owner is Joseph P. Day Realty Corporation.

53W53 Shows Its Exoskeleton at 53 West 53rd Street, Midtown

8:00 am on June 13, 2016 By Evan Bindelglass

Most buildings try to hide their skeletons behind masonry or some other opaque element. At 53W53, however, showing the bones off is a design feature. Thanks to some photos taken by our friend Tectonic, we can now see some of the exoskeleton at the Jean Nouvel-designed tower. The overall structure has now risen about four stories above ground.

Reveal for 19-Story, 386-Key Hotel Project at 334 West 36th Street, Garment District

10:00 am on June 10, 2016 By Reid Wilson

Back in June of 2015, Sam Chang’s Great Neck, N.Y.-based McSam Hotel Group disclosed plans to incorporate a portion of the façade of the six-story Christ Church, at 334-344 West 36th Street in the Garment District, into their planned hotel redevelopment. Now, a rendering of the project has been revealed by the New York Post. The latest building permits indicate a 19-story, 386-key hotel is in the works, which is somewhat scaled-down compared to early filings that listed as many as 566 rooms. It will encompass 132,210 square feet and is being designed by SoHo-based Gene Kaufman Architect. Unfortunately, the six-story parish house portion of the church is in the process of being demolished. It’s expected to be rebuilt with pre-fabricated materials. Guest amenities include a fitness center, meeting rooms, a ballroom, laundry facilities, a restaurant and bar, and storage for 12 bicycles.

390 Madison Avenue, photo via L&L Holdings

Checking in on the Dramatic Transformation of a 1950s Office Building in Midtown, 390 Madison Avenue

7:00 am on June 9, 2016 By Rebecca Baird-Remba

The monolithic, dark glass office tower at the corner of Madison Avenue and 46th Street is being stripped of its dreary facade, partially demolished, and rebuilt with new floors. The block-long structure at 380 Madison Avenue will be reborn, taller and more translucent, as 390 Madison Avenue in 2018.

15-Story, 80-Key Hotel Redevelopment Planned at 1420 Broadway, Midtown

6:00 am on June 9, 2016 By Reid Wilson

In 2014, investors Issac Chetrit and Charles Aini acquired, for $268 million, the 24-story, 415,000-square-foot multi-use commercial building at 1412 Broadway and the three-story, 7,000-square-foot retail property at 1420 Broadway. The buildings are located at the corner of West 39th Street. Now, the property owners have disclosed plans to redevelop the three-story retail building into a roughly 15-story, 80-key hotel, The Real Deal reported. The 2,286-square-foot property can accommodate up to 34,290 square feet of commercial development. The existing property is triple-net leased through 2020, which means construction won’t begin until the lease expires and the tenants vacate the premises. The eventual hotel building will connect to the retail component of 1420 Broadway through the ground floor. Plans have not yet been filed with the Buildings Department.

Rendering showing the HFZ Capital's Moshe Safdie-designed mixed-use tower with the Empire State Building behind it. (Rendering presented in October)

Gilsey House Restoration Paves Way for HFZ’s 64-Story Moshe Safdie Tower at 8 West 30th Street

7:00 am on June 8, 2016 By Evan Bindelglass

A block a little north of Madison Square Park is on its way to a major transformation, thanks to action by the Landmarks Preservation Commission on Tuesday. The block in question is between Fifth Avenue and Broadway, on West 29^th Street and part of West 30^th Street.

17-Story Office Building Coming to 43 West 47th Street in Midtown’s Diamond District

7:30 am on June 7, 2016 By Rebecca Baird-Remba

A 220-foot-tall office development is set to replace two smaller buildings – one mixed-use and the other commercial – in Midtown’s tiny Diamond District. New building applications were filed Friday for the 17-story building at 43 West 47th Street, between Fifth and Sixth avenues.

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