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515 West 29th Street

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

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.

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247 West 42nd Street

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

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.

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23 East 39th Street

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

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.

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