A five-story commercial building not far from Madison Square Park will receive a much-needed restoration and full rear expansion. The Landmarks Preservation Commission approved the proposal for 1145 Broadway on Tuesday.
The Ford Foundation Building, located at 320 East 43rd Street, in Midtown East, will be getting a $190 million renovation, according to the New York Times. The 12-story, 287,500 square-foot office building, a city individual and interior landmark, was designed by Kevin Roche John Dinkello and Associates (KRJDA) and completed in 1968. It does not meet current-day building codes and the city is requiring its owners to install updates before 2019. In addition, the building’s office floors and suites will be modernized, and an art gallery, visitors’ center, and a 10th floor assembly space will be added. Gensler is designing the two-year renovation, and Raymond Jungles will be incorporating new indoor landscaping. The property is known for its unique 174-foot-high atrium and elaborate garden terraces.
The Archdiocese of New York, in consultation with the NYPD’s Counterterrorism Bureau, has determined that there is the need to provide additional security for Cardinal Timothy Dolan. To accomplish that, they want to build a private garage for the archbishop. That means cutting into St. Patrick’s Cathedral and the Landmarks Preservation Commission approved the proposal on Tuesday.
People are already living at Halcyon, HFZ Capital Group’s 123-unit development at 305 East 51st Street in Midtown East, but construction is still incomplete. The retail space along Second Avenue is still being built, as are the 32nd and 33rd floor duplex penthouse units. The lobby, however, was recently completed and YIMBY got a look at it, a fourth floor model unit, and the views from one of the penthouses.
Isaac Chetrit and Ray Yadidi are in contract to acquire 235,000 square feet of air rights from the five-story former bank building at 1352-1362 Broadway, between West 36th and 37th Streets in Midtown. The price the investors are paying has not yet been disclosed. On the same block, they own the vacant lot – acquired this past fall – at 993 Sixth Avenue and the adjacent 21-story, 96,000 square-foot office building at 989-991 Sixth Avenue. Their assemblage amounts to a site with roughly 375,000 square feet of development rights, according to The Real Deal.
