Midtown

35-Story, 220-Unit Mixed-Use Tower Rises At 323 Tenth Avenue, West Chelsea

11:00 am on February 4, 2016 By Reid Wilson

During the summer of 2015, renderings were revealed of Lalezarian Properties’ planned 35-story, 220-unit mixed-use tower under construction at 323 Tenth Avenue, between West 28th and 29th streets in West Chelsea. At the time, the ground floor of the tower was being constructed, and the developer’s two other 13-story buildings at 507 West 28th Street – with a combined additional 155 residential units – were close to topping out. Today, the larger structure is 25 stories above street level and the smaller 13-story components are nearly fully clad in glass. The photos are courtesy of Tectonic (h/t Curbed). The entire project will encompass 337,978 square feet, and rental units will average 779 square feet across all three buildings. There will also be a total 16,068 square feet of ground-floor retail space. Avinash K. Malhotra Architects is the design architect and completion is expected later this year.

36-Story, 372-Unit Residential Building Rises At 225 East 39th Street, Murray Hill

6:30 am on February 4, 2016 By Reid Wilson

In 2014, YIMBY revealed renderings of the planned 36-story, 372-unit residential building at 225 East 39th Street (a.k.a. 222 East 40th Street), in Murray Hill, and then foundation work began last summer. Thanks to photos by Tectonic, we can see the structure is now 16 stories above street level and rising. When the building is completed in the spring of 2017, it will encompass 373,248 square feet, with 343,187 square feet being used as residential space. The rental apartments will average 922 square feet apiece, and amenities include a fitness facility, children’s playroom, lounges, a café, a library, a courtyard garden, and a 35th-floor rooftop deck. Twenty percent of the apartments will rent at below-market rates. Fisher Brothers is developing the project and Handel Architects is designing it.

Sneak Peak at Facade & Construction Update for 217 West 57th Street, aka Nordstrom Tower

8:00 am on February 2, 2016 By Nikolai Fedak

YIMBY has brought you continual updates on the progress of Extell’s 217 West 57th Street, a.k.a. Nordstrom Tower (officially Central Park Tower), and now we have the first photos of what the facade for the building will actually look like, as well as an update on progress. The image comes from an anonymous tipster and shows the glass that will appear over the top of the Nordstrom floors, crowning the retail podium in a series of undulating curves, and demarcating the boundary between the pedestrian realm and the supertall that will cantilever up above.

Demolition at the Market Diner. Photo by Tectonic.

Market Diner Being Demolished To Make Way For Apartments At 572 Eleventh Avenue

6:30 am on February 2, 2016 By Evan Bindelglass

For decades (with a brief break), Manhattan had a diner, complete with outdoor seating and a tiny parking lot, near the edge of Midtown West/Hell’s Kitchen. Last year, we learned that the Market Diner at 572 Eleventh Avenue (at the corner of West 43^rd Street) would be replaced by an apartment tower. Now, a photo from our friend Tectonic shows that demolition has begun.

New Developer Acquires Site Of 11-Story, 11-Unit Condo Project At 251 West 14th Street, Chelsea

11:00 am on February 1, 2016 By Reid Wilson

YIMBY brought you new renderings last year of the planned 11-story, 11-unit residential building at 251 West 14th Street, in southern Chelsea, and now the site has changed hands. Commercial Observer reports Italy-based Pizzarotti IBC has acquired the property for $23 million, but plans to go ahead with what the previous developer, B+B Capital, had in mind. The project will measure 23,470 square feet in its entirety and is being designed by ODA Architecture. Its full-floor condominium units will measure between 1,700 and 2,500 square feet. Last December, building permits for the project were approved and demolition permits were filed for the existing four-story residential building.

Renovations, Upgrades Underway At 40-Story Office Building At 437 Madison Avenue, Midtown

10:00 am on February 1, 2016 By Reid Wilson

The 40-story, 850,000 square-foot office building at 437 Madison Avenue, located between East 49th and 50th streets in Midtown, is currently receiving $60 million in upgrades and renovations, according to Real Estate Weekly. The outdoor plaza and the building’s lobby are being redesigned, building infrastructure is being upgraded, and new amenities are being constructed, including a 15th-floor sky lounge, garden terrace conference rooms, an arcade, and a yoga room. Construction began two years ago and completion is expected early this year. The Emery Roth & Sons-designed building was completed in 1967 and the William Kaufman Organization has owned it ever since. Fogarty Finger is designing the renovation. Medallion Financial Corp. recently extended their 18,650 square-foot lease in the building.

540 West 25th Street, rendering by Bonetti/Kozerski Studio

Pace Gallery Files Plans for Its New Chelsea Headquarters, 540 West 25th Street

7:00 am on February 1, 2016 By Rebecca Baird-Remba

In April, Pace Gallery announced plans to redevelop its main building at 540 West 25th Street in Chelsea into an eight-story gallery complex. Now, developer Weinberg Properties has pushed forward with the project by filing applications for a 60,000-square-foot building on the site between 10th and 11th avenues.

32-Story Office Building Redevelopment Underway At 390 Madison Avenue, Midtown

6:30 am on February 1, 2016 By Reid Wilson

A year ago, YIMBY brought you new renderings of redevelopment plans for the 24-story office building at 380 Madison Avenue, between East 46th and 47th streets in Midtown. By removing certain floors within the building, the structure will grow to 32 stories but will retain the same square-footage. According to the Wall Street Journal, the process is well underway, with 18 percent of the original building in total expected to be removed and used for a vertical expansion. The completed building, called 390 Madison Avenue, will have 663,419 square feet of commercial space, most of which will be office space, although the first two floors will contain double-height retail space. L&L Holding Company is developing the project and Kohn Pedersen Fox is designing it. Completion is expected in early 2017.

Developers Shelve Plans For Residential Tower At 36 Central Park South, Midtown

6:00 am on January 29, 2016 By Reid Wilson

Over the summer, YIMBY brought you new renderings and details on the planned 88-unit luxury residential tower at 36 Central Park South, dubbed 1 Park Lane, which would replace the 46-story, 628-key Park Lane Hotel. The project was in the pre-development stages and advertised in the EB-5 program, but its developers, Witkoff and Macklowe Properties, are shelving plans for now, Bloomberg Business reports. Due to uncertainty in EB-5’s congressional reform, a slowdown in the Chinese economy, and an over-saturation in the ultra-luxury residential market, the Park Lane will remain as a hotel for the foreseeable future. Its operations and management are in the process of being repositioned, and Witkoff is in talks to refinance debt on the property.

Request For Proposals Launched For Mixed-Use Development At 460 West 41st Street, Midtown West

11:00 am on January 28, 2016 By Reid Wilson

This past summer, news broke that the Covenant House was seeking to redevelop most of the block bound by Tenth and Dyker avenues and West 40th and 41st streets, in the Hudson Yards district, into a mixed-use development that would contain their new headquarters. Per Crain’s, the city’s Economic Development Corporation and the nonprofit jointly launched a Request for Proposals (RFP) for the project. The site could accommodate a roughly 780,000 square-foot project, but would have to include a new 150,000 square-foot facility for Covenant House. A second building could include roughly 700 residential units, retail space, and leasable community facility space. It’s proposed 40 percent of the units would rent at below-market rates, of which 75 to 100 units are to be set aside as supportive housing. Submissions are due March 11. The city must first take possession of vacant building at 450 West 41st Street.

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