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.
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.
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.
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.
Back in May of 2015, YIMBY posted renderings from SLCE Architects featuring the Robert A.M. Stern Architects-designed 220 Central Park South. Since then, construction on the building has made major headway, with the structure now reaching past its tenth floor, and now we can post the building’s final look, thanks to an ad placed by developer Vornado in REBNY’s new booklet.
