Midtown

Developer Plans 20-Story, 65-Unit Mixed-Use Building At 200 East 21st Street, Gramercy

6:30 am on March 2, 2016 By Reid Wilson

In the summer of 2015, Chelsea-based Alfa Development entered into contract to acquire the development site spanning 253-261 Third Avenue (a.k.a 200 East 21st Street), in Gramercy, and now the developer is planning a 20-story, 65-unit mixed-use building. The Real Deal reports the project will measure 104,700 square feet in total and will include 7,200 square feet of ground-floor retail space. The rest of the new building will contain 65 condominium units, which will come in one- to four-bedroom layouts. BKSK Architects will be responsible for the design. Reportedly, the developers filed permits for the project, although they have yet to hit public record. Demolition permits, however, are on file for all of the assemblage’s existing buildings. Four three-story structures are to be demolished at 253-259 Third Avenue, and a five-story, 12-unit tenement building at 200 East 21st Street will be razed.

From Piano Row To Billionaires’ Row: Demolition Wraps Up On Three Buildings At 27-33 West 57th Street

5:36 pm on February 26, 2016 By Vitali Ogorodnikov

The stunningly tall towers rising along 57th Street are taking the Manhattan skyline to a whole new level. Despite their relatively small footprints, some projects are actually replacing true architectural gems. Between the end of 2014 and the beginning of 2016, the LeFrak Organization and Vornado Realty leveled three pre-war buildings at 27-33 West 57th Street. Although the latest reports indicated a “seven star hotel,” final plans are still unknown. Given the site’s Billionaires’ Row location and proximity to Central Park, whatever gets built will most likely be very tall, and very expensive.

First Look at KPF’s 151 East 60th Street, the Upper East Side’s First Possible Supertall

8:00 am on February 23, 2016 By Nikolai Fedak

Until now, the residential supertall boom has been focused on the core of Midtown, with One57, 432 Park, 217 West 57th Street, and 111 West 57th Street all rising in the blocks between Eighth and Park avenue. Now, we have fresh renderings for Kohn Pedersen Fox’s entry into a design contest for 151 East 60th Street, which would rise on the corner of Lexington Avenue and East 60th Street, stretching Midtown’s new skyscraper crown a few blocks northeast of its current local maxima.

Rendering of 512 West 22nd Street. Via COOKFOX.

New Look at High Line-Hugging Conversion of 512 West 22nd Street, Chelsea

7:00 am on February 23, 2016 By Evan Bindelglass

It was over two-and-a-half years ago that YIMBY told you of plans to convert a five-story warehouse at 510 West 22^nd Street into an 10-story office building. Since then, the plan has changed to 11 stories and now, thanks to images on the architect’s website, we have a new look at what how the completed structure will appear.

18-Story, 130,000-Square-Foot Office Building Revealed At 414 West 15th Street, Chelsea

6:00 am on February 23, 2016 By Reid Wilson

Back in April of 2012, YIMBY reported on applications for a new 25-story hotel at 414 West 15th Street, in Chelsea, and since then the hotel plans underwent revision and were revealed in multiple posts. But the hotel never came to fruition and now the site’s developers – the Boston-based Rockpoint Group, Highgate Holdings, and its property owner, Meilman Family Real Estate – are planning an 18-story, 130,000-square-foot office building, Crain’s reports. The structure will stand 270 feet above street level, and according to the latest filings with the Department of Buildings, there will be 108,469 square feet of commercial space. It will include retail space on the ground and cellar levels, and the rest of the property will be leased as office space. Rockpoint’s adjacent expansion project at 430 West 15th Street, which was recently completed and boasts a total 85,000 square feet of office/retail space, will connect to the new building. CetraRuddy Architecture is designing the office plans. Technically, the foundation has already been poured.

41-Story, 670,000-Square-Foot Office Tower At 425 Park Avenue Lands Anchor Tenant, Midtown

10:00 am on February 19, 2016 By Reid Wilson

In late 2014, YIMBY brought you new renderings of the Foster + Partners-designed 41-story, 897-foot-tall office tower under development at 425 Park Avenue, between East 55th and 56th streets in Midtown, and now project has secured its anchor tenant with a city-wide record-breaking lease. According to Real Estate Weekly, Chicago-based Citadel will take roughly 200,000 square feet in the 670,000-square-foot building, with rents as high as $300 per square foot on the tower’s penthouse floors. The project, being developed byL&L Holding and GreenOak Real Estate, is aiming for L.E.E.D. Gold and WELL certifications. This past summer, the developers secured a $556 million construction loan and the site’s 32-story office predecessor has since been significantly demolished. The lower portion of the existing structure will be utilized in the new building and completion is expected in late 2018.

One Penn Plaza as seen from the southwest. Photo by Evan Bindelglass.

One Penn Plaza, Two Penn Plaza To Get Major Renovations, Interconnection, Midtown

10:00 am on February 18, 2016 By Reid Wilson

Following the state’s plan to upgrade and expand Pennsylvania Station, Vornado Realty Trust has announced plans to renovate and interconnect 57-story One Penn Plaza and 29-story Two Penn Plaza, completed in 1972 and 1968 respectively, into a massive 4.2-million-square-foot office complex. The two buildings are located directly adjacent to and above Penn Station, in Midtown, between West 31st and 34th streets and Seventh and Eighth avenues. According to The Real Deal, the renovation project would improve desirability and tenant mobility and allow for new retail and amenity opportunities. Two Penn Plaza would get a new floor-to-ceiling glass façade and One Penn Plaza would receive “a more conventional upgrade.” Start and completion dates have not been disclosed, and a designer has not yet been revealed.

Reveal For 26-story, 90,000-Square-Foot Office Building At 106 West 56th Street, Midtown

6:00 am on February 18, 2016 By Reid Wilson

Earlier this week, news broke that Savanna and Hong Kong-based Atom Assets were planning a 26-story, 90,000 square-foot office building at 106 West 56th Street, in Midtown, and now Real Estate Weekly has a rendering of the project. As reported earlier, the new building will feature boutique office space geared towards smaller business tenants. The Perkins Eastman-designed project will feature multiple terraced setbacks and floor plates of varying sizes, ranging from 5,000 square feet on the lower levels to 2,000 square feet towards the top. The developers received an acquisition loan from United Overseas Bank to purchase the existing nine-story office building. Demolition will begin in early 2017 and completion is expected in 2019.

26-Story, 90,000 Square-Foot Office Building Planned At 106 West 56th Street, Midtown

11:00 am on February 16, 2016 By Reid Wilson

Savanna and Hong Kong-based Atom Assets have acquired the nine-story, 36,000 square-foot building at 106 West 56th Street, in Midtown between Sixth and Seventh avenues, for an undisclosed amount. Crain’s reports the developers are planning to build a 26-story, 90,000 square-foot boutique office building. Zoning allows for the project to have up to 75,315 square feet of commercial space, and the building’s office floors will range from 5,000 to 2,000 square feet each. Perkins Eastman will be responsible for the design. The property’s current tenant has a year to vacate from the site, although demolition permits were already filed this past January to raze the building. Completion is tentatively expected in 2019.

The Phantom Of Times Square: A Century Of Radical Change At 701 Seventh Avenue

4:15 pm on February 12, 2016 By Vitali Ogorodnikov

The year 2015 marked the near-complete demolition of Times Square’s second oldest structure. The Columbia Amusement Co. Building, which opened at Times Square’s northeast corner on West 47th Street in January 1910. 701 7th Avenue was known by a variety of names during its century-long life span. Like the slightly older yet much more famous One Times Square at the opposite end of the square, the building engaged in the neighborhood’s classic disappearing act, where giant billboards seen by millions made their renovation-scarred hosts all but invisible. But behind the ads, standing on a 16,000-square-foot lot, was a building with a history as dramatic and diverse as that of the famous square on which it stood.

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