Midtown

350 West 40th Street

35-Story, 612-Key DoubleTree Hotel Rises to 17th Floor at 350 West 40th Street, Garment District

Work is now underway on the 17th floor of the 35-story, 612-key DoubleTree by Hilton hotel under development at 350 West 40th Street, in the Garment District of Midtown. The developer — Sam Chang’s Great Neck, N.Y.-based McSam Hotel Group — also secured a $215 million mortgage to refinance existing debt and fund construction, Commercial Observer reported. The latest building permits, which YIMBY first reported on in early 2014, indicate the 328-foot-tall project will measure 199,664 square feet. The hotel rooms should average a budget-sized 290 square feet apiece. Guest amenities include a fitness center, storage for 18 bikes, a restaurant on the ground floor, and a rooftop lounge & bar. Gene Kaufman’s SoHo-based architectural firm is behind the design. Completion is expected later this year.

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572 Eleventh Avenue

Reveal for Moinian Group’s 572 Eleventh Avenue, Designed by CetraRuddy, Midtown West

The most prominent new development in the lower West 40s is obviously of the super-sized variety, with projects like 551 Tenth Avenue and 605 West 42nd Street now dominating the neighborhood. But there are a few smaller lots remaining that will host more modestly-sized buildings, and among those is 572 Eleventh Avenue, which used to house a diner. Now, YIMBY has the reveal for its replacement — which will span from 43rd all the way to 44th Street — designed by CetraRuddy, and under development by the Moinian Group.

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38 West 33rd Street. Photo by nyc1 via the YIMBY Forums.q

41-Story, 223-Unit Mixed-Use Building Rising at 38 West 33rd Street, Midtown South

Construction is now two stories above street level on the 41-story, 223-unit mixed-use building under development at 38-46 West 33rd Street, in Midtown South. The construction progress can be seen thanks to photos posted to the YIMBY Forums by user nyc1. The new building will encompass 220,724 square feet and will top out at 465-feet-tall. There will be 5,721 square feet of ground-floor retail space, followed by residential units averaging 818.6 square feet apiece, which is indicative of rental apartments. The residential amenities are listed in YIMBY’s update in January, when foundation work was underway. The Torkian Group is the developer and Stephen B. Jacobs Group is behind the architecture. Completion is expected in 2017.

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134 West 58th Street in April 2014, photo by Christopher Bride for PropertyShark

New Developer Acquires Site of Planned 18-Story, 41-Unit Residential Project, 134 West 58th Street, Midtown

S.W. Management has acquired, for $61.5 million, the 15-story, 121-unit residential building at 134 West 58th Street, in Midtown, Commercial Observer reported. The developer purchased the property from Extell Development, who previously filed applications at the site for a new 18-story, 41-unit residential building, as YIMBY reported late last year. It’s not known if the new owner will follow through with those plans. Building permits were granted in April to develop a 60,324-square-foot project. The residential units would have averaged 1,283 square feet apiece and amenities would have included storage for 21 bikes, private residential storage, a ‘recreation room” on the ground floor, and a rooftop recreational area. Issac & Stern Architects was the architect of record. Demolition permits haven’t been filed for the existing apartment building.

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