Midtown

Jamestown Converting Basement of Chelsea Market Into Retail Corridor, Chelsea

2:00 pm on May 31, 2016 By Reid Wilson

Jamestown is planning to convert the basement level of Chelsea Market – a 1.2-million-square-foot, multi-use commercial complex located on the block bound by Ninth and Tenth avenues and West 15^th and 16^th streets, at 75 Ninth Avenue in southern Chelsea – into retail space. The conversion of the basement would double the retail space of the property to 80,000 square feet, according to Crain’s. The basement would be made into a single corridor similar to how the ground floor is currently configured with retailers. The project is expected to take five years. After the retail expansion, and pending an anchor tenant, the owners plan to vertically expand the complex’s office space by roughly 300,000 square feet. The office plans passed the city’s Uniform Land Use Review Procedure (ULURP) in 2012.

Developer Grows High-Profile Mixed-Use Assemblage at 16 West 57th Street, Midtown

11:00 am on May 31, 2016 By Reid Wilson

Back in September of 2014, YIMBY brought you an update on the development site at 16 West 57^th Street, along Midtown’s Billionaires’ Row, when the property was acquired for $95 million by a Brazilian investor. Last week, developer Sheldon Solow acquired the property, a five-story, 24,000-square-foot commercial building, for $128 million, The Real Deal reported. The developer also owns the adjacent properties at 10 West 57^th Street, 20 West 57^th Street, and 19 West 56^th Street. The site assemblage now boasts 213,000 square feet of residential development rights, plus additional rights that can be put towards a commercial component. The new owner has yet to disclose plans for the site. Demolition permits were filed last year to raze 16 West 57^th Street as well as the six-story office building at 19 West 56^th Street.

Demo Work Almost Done at 211 West 28th Street, Chelsea, in Preparation for 14-Story Residential Vertical Extension

6:30 am on May 31, 2016 By Vitali Ogorodnikov

The six-story, 69-foot-high walk-up at 211 West 28th Street has been reduced to two floors, as part of a vertical enlargement that would extend the building to 14 stories. Given the proposed 150-foot height, individual floors will average a generous 10’-9” from slab to slab. The new building would nearly double the 13,332 square feet of the original, bringing the figure up to 24,563 square feet. The former office floors would be replaced with 37 residential units. The project is being developed by Arker Companies, with Aufgang Architects as designer.

FDNY Investigation Underway at Burnt Shell of Landmark Serbian Orthodox Cathedral of St. Sava, 15 West 25th Street, Flatiron

3:35 pm on May 27, 2016 By Vitali Ogorodnikov

As this month got underway, we brought you the unfortunate news regarding the landmark Serbian Orthodox Cathedral of St. Sava at 15 West 25th Street, designed by Richard Upjohn, the architect of the Trinity Church in Lower Manhattan. The 1855 building, which was the city’s only house of prayer servicing the Serbian Orthodox community, was reduced to a charred stone shell on the evening of May 1, just hours after the Orthodox Easter celebration. While the church is collecting donations for reconstruction, the authorities are investigating the fenced-off site for the cause of the conflagration, while engineers keep an eye on the ruined building’s stability. The building is a New York City landmark and is listed on the U.S. National Register of Historic Places. Although the city’s laws protect the building from further demolition, the stone shell may be torn down if ultimately deemed dangerously unstable. Fortunately, the walls appear to be structurally sound for the time being, though serious reinforcement work would be permitted only after the investigations are complete.

New Renderings Revealed Of Five-Building Manhattan West Development, Midtown West

6:00 am on May 27, 2016 By Reid Wilson

Over the past few months, the five-building, seven-million-square-foot mixed-use development dubbed Manhattan West, located on the mega-block bound by Ninth and Tenth avenues and West 31st and 33rd streets, has been quickly taking shape. In April, the project’s 62-story, 844-unit residential tower at 401 West 31st Street, dubbed Three Manhattan West, topped out. And work has been underway for over a year to modernize the 16-story, 1.8-million square-foot building at 450 West 33rd Street, dubbed Five Manhattan West. Now, new renderings have been revealed of the office portion of the project, dubbed One and Two Manhattan West.

Renovations Planned at 575 Fifth Avenue, a 35-Story, 360,000-Square-Foot Office Tower in Midtown

3:00 pm on May 25, 2016 By Reid Wilson

Property owners Beacon Capital Partners and MetLife (the insurance company) are planning to execute a $25 million renovate on their 35-story, 533,695-square-foot multi-use commercial building at 575 Fifth Avenue, located on the corner of East 47th Street in Midtown. Planned is a redesigned lobby, new exterior and interior elements such as a building canopy, signage/advertising, and lighting, and new amenities such as a 6,000-square-foot conference center and a lounge, Real Estate Weekly reports. The 360,000-square-foot office portion already connects to the building’s three stories of retail and restaurants via an atrium. Barneys New York recently signed on to 72,000 square feet at the tower, and Westpac Banking Corporation and Northwood Investors each have leased 15,000 square feet. The building was developed in 1983.

Office Portion of 20-Story 685 Fifth Avenue Getting 90-Key Boutique Hotel Conversion & Expansion, Midtown

10:00 am on May 25, 2016 By Reid Wilson

In April, news broke that Istanbul-based Gulaylar Group entered into contract to acquire the entire 90,000-square-foot office portion of the 20-story, 115,000-square-foot multi-use commercial building at 685 Fifth Avenue, on the corner of East 54th Street in Midtown. The deal includes the development rights to vertically expand the building by five stories. Those air rights were made available after property owners General Growth Properties and Thor Equities repositioned the building’s three stories of retail space, which now measures 23,400 square feet and is being made into Coach’s flagship store. Now, Gulaylar has disclosed plans to convert the office portion they are buying, along with the future expansion, into a 90-key boutique hotel, The Real Deal Reports. Five hotel chains, including Oetker Collection, AccorHotels, and LVMH’s Cheval Blanc, are currently in negotiations with the developer. The building’s remaining office tenant is moving out in August. Walter Marin’s Midtown-based Marin Architects is the architect of record for the expansion.

Site Prep Underway for 15-Story, 323-Unit Residential Complex at 241 West 28th Street, Chelsea

6:30 am on May 25, 2016 By Vitali Ogorodnikov

The ubiquitous forest green fence, a herald of impending construction, has gone up around a mid-block parking lot in Chelsea, at 241 West 28th Street. The 29,326-square-foot, 150-foot-wide lot, which stretches between West 28th and West 29th streets, and will accommodate twin 15-story, 165-foot-tall buildings, each one aligned along its respective street. The 314,013-square-foot complex is set to feature a 6,094-square-foot commercial component topped by 252,191 square feet of apartments. Given its 323-unit count, each apartment would average 781 square feet. The project is being developed by Edison Properties, with Hunter Roberts Construction Group as the general contractor.

Seven-Story, 12-Unit Mixed-Use Building Rises to Fourth Floor at 411 Ninth Avenue, Midtown West

6:00 am on May 25, 2016 By Reid Wilson

In July of 2015, YIMBY revealed renderings of the seven-story, 12-unit mixed-use building under development at 411 Ninth Avenue, located on the corner of West 33rd Street in Midtown West. Now, the project is under construction and currently four stories above street level, as seen in photos by our friend Tectonic. Dubbed Skylight House, the structure will encompass 21,246 square feet. It will feature 1,395 square feet of ground-floor retail space, followed by two residential units per floor beginning on the second. The units will be rental apartments and should average 920 square feet apiece. Amenities include storage space for 11 bikes and an outdoor terrace on the roof. Property owner James Papaionnou is the developer, while H. Thomas O’Hara’s Midtown-based HTO Architect is behind the design. Completion can probably be expected later this year or in early 2017.

217 West 57th Street, aka Central Park Tower, as seen from West 57th Street. Photo by Tectonic for YIMBY

Construction Update: Supertall 217 West 57th Street, a.k.a. Central Park Tower

8:00 am on May 23, 2016 By Evan Bindelglass

On Friday, we brought you an update on construction of 220 Central Park South, now quickly rising over the park. However, what’s behind it will eventually eclipse it. We’re talking about 217 West 57^th Street, officially known as Central Park Tower and dubbed Nordstrom Tower by YIMBY.

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Midtown

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