Midtown

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.

220 Central Park South, as seen from West 58th Street. Photo by Tectonic for YIMBY

Construction Update: 220 Central Park South

8:00 am on May 20, 2016 By Evan Bindelglass

It’s been a few months since we last checked in on the Robert A.M. Stern Architects-designed 116-unit residential project going up at 220 Central Park South. Back in February, the tower portion had risen to about 15 stories. Now, as seen in photos supplied to YIMBY by photographer Tectonic, the tower has risen past 25 stories, on its way to 70, with more of the Alabama Silver Shadow limestone cladding in place.

Reveal for 42-Story, 556-Unit Rental/Condo Tower Planned at 685 First Avenue, Murray Hill

6:30 am on May 20, 2016 By Reid Wilson

In August of 2015, YIMBY reported on applications for a 42-story, 550-unit mixed-use building at 685 First Avenue, located between East 39th and 40th streets in Murray Hill. Now, new details and renderings of the building have been revealed by the Wall Street Journal. The 459-foot-tall tower will actually contain 556 residential units and measure a whopping 828,000 square feet in its entirety. Two-thirds of the units will be rental apartments while the remaining one-third will be condominiums. Amenities include an underground 110-car garage, storage for 282 bikes, laundry facilities, a pool, a fitness center, a library, and recreational and assembly rooms. There will also be 10,088 square feet of ground-floor retail. Richard Meier & Partners Architects is behind the design, and Sheldon Solow is the developer. Excavation is reportedly underway, and completion is expected in 2018.

Developer Acquires Mixed-Use Development Site at 317-319 West 35th Street, Garment District

1:00 pm on May 19, 2016 By Reid Wilson

Great Neck-based Mayflower Business Group has acquired the two five-story tenement buildings at 317-319 West 35th Street, in the Garment District section of Midtown, for $28 million. The new owner is planning to demolish the existing buildings and construct a new building, according to The Real Deal. The 4,937-square-foot site could accommodate 49,370 square feet of development rights, although Mayflower has the option to purchase an additional 10,000 square feet of air rights from the city. A residential building, a hotel, an office building, or a mixed-use project could be built at the site. Demolition permits were filed in March. Combined, the buildings contain 24 rental apartments and four commercial-retail units.

Rendering of 242 West 53rd Street. Via CetraRuddy.

Foundation Work Complete for 62-Story, 426-Unit Mixed-Use Tower at 242 West 53rd Street, Midtown

6:00 am on May 19, 2016 By Reid Wilson

YIMBY last brought you a construction update in December, when foundation work was underway, on the 62-story, 426-unit mixed-use tower planned at 242 West 53rd Street (a.k.a. 239 West 52nd Street), in Midtown between Eighth Avenue and Broadway. Since then, foundation work has largely wrapped up, as seen in photos by Vertical Gotham via the YIMBY Forums, which means construction can now proceed skyward. Residential units in the 542,276-square-foot, 675-foot-tall tower should average 1,024 square feet apiece. There will also be 16,514 square feet of ground floor retail space. Amenities will include a 90-car parking garage, storage space for 247 bikes, a fitness center, a swimming pool, a basketball court, a golf simulator, and a private entertainment area. There will also be outdoor terraces on the second, third, and 61st floors. Algin Management is the developer, while CetraRuddy is behind the design of the exteriors and interiors.

Six-Story, 56-Unit Mixed-Use Rental Building to Get Renovations, 51 Irving Place, Gramercy

1:00 pm on May 17, 2016 By Reid Wilson

Springhouse Partners has acquired, for $55 million, the six-story, 56-unit mixed-use building at 51 Irving Place, located on the corner of East 17th Street in Gramercy. The 42,502-square-foot property contains about 10,000 square feet of commercial space, which is currently split between five retail units and a single office unit. The residential units above are rental apartments, most of which are market-rate. The new owners plan to conduct renovations, according to The Real Deal. Work will include upgrades to the façade and interiors, and the addition of residential amenities. The apartments will remain as rentals. The property could also accommodate a small expansion, as it contains 5,000 square feet of air rights, although such plans to build an expansion are not known. Springhouse Partners recently secured a $37 million mortgage to finance the acquisition.

Pages: 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203204205206207208209210211212213214215216217218219220221222223224225226227228229230231232233234235236237238239240241242243244245246247248249250251252253254255256257258259260261262263264265266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313314315316317318319320321322323324325326327328329330331332333334335336337338339340341342343344345346347348349350351352353354355356357358359360361362363364365366367368369370371372373374375376377378379380381382383384385386387388389390391392393394395396397398399400401402403404405406407408409410411412413414415416417418419420421422423424425426427428429430431432433434435436437438439440441442443444445446447448449450451452453454455456457458459460461462463464465466467468469470471472473474475476477478479480481482483484485486487488489490491492493494495496497498499500501502503504505506507508509510511512513514515516517518519520521522523524525526527528529530531532533534535536537538539540541542543544545546547548549550551552553554555556557558559560561562563564565566567568569570571572573574575576577

Fetching more...

Midtown

What’s happening in your backyard?