Midtown

1.2-Million Square-Foot Expansion Of Jacob K. Javits Center Revealed, Far West Side

6:30 am on January 8, 2016 By Reid Wilson

Gov. Andrew Cuomo has revealed plans to expand the Jacob K. Javits Center, located at 655 West 34th Street on the far West Side, by 1.2 million square feet, Curbed reports. The already enormous convention center sits bound between Eleventh and Twelfth Avenues between West 34th and 39th Streets. With the expansion, the facility would measure 3.3 million square feet in total, 665,000 square feet of which would include brand-new meeting rooms and an exhibition hall. Some of the other additions would be a 58,000 square-foot ballroom, 22,000 square feet of outdoor event space, and a 633,000 square-foot truck garage.

State Moves Forward With Penn Station Renovations & Moynihan Station Plans

10:00 am on January 7, 2016 By Reid Wilson

Gov. Andrew Cuomo is preparing to issue a request-for-proposals later this week to renovate and upgrade Pennsylvania Station, located under Madison Square Garden on Eighth Avenue between West 31st and 33rd Streets. According to the Observer, the project is part of the $26 billion investment in the Metropolitan Transportation Authority (MTA), with the state contributing $8.3 billion. Multiple plans for a new entrance have already been put forth, one of which involves the demolition of the MSG Paramount Theater in replace of a glass enclosure, seen in these latest renderings.

Top 13 Floors Of 63-Story MiMa Tower To Be Converted Into 151 Condominiums

2:00 pm on January 6, 2016 By Reid Wilson

Kuafu Properties and Shanghai Construction Group’s U.S. branch have closed on the purchase of floors 51 through 63 in MiMa, the 63-story luxury rental tower located at 660 West 42nd Street, in Hell’s Kitchen, for $260.8 million. According to Commercial Observer, the developers plan to convert those floors’ 151 rental units into an equal number of condominiums under the name of 1 MiMa. The remaining 663 rental units in the building, under ownership by Related Companies and TIAA-CREF, will not be touched. Residents in 1 MiMa will have access to the tower’s 44,000 square feet of amenities and will have an exclusive entrance. A $211.6 million loan was secured for the acquisition.

Reveal For Nine-Story, 150,000 Square-Foot Office Building At 61 Ninth Avenue, Chelsea

1:00 pm on January 6, 2016 By Reid Wilson

In the first half of 2015, YIMBY reported on filings for a nine-story, mixed-use commercial building at 61 9th Avenue, on the corner of West 15th Street in Chelsea, and now Crain’s has the first rendering of the project. The entire structure will measure 153,754 square feet in total, and there will be 115,000 and 37,000 square feet of boutique office and retail space, respectively. Retail will be located on the cellar through the second floor. Rafael Viñoly is behind the design, and Vornado Realty Trust and Aurora Capital are developing. Demolition permits were filed in December to remove the existing lumber shop and billboard sign. Groundbreaking is expected in mid-2016, with completion scheduled for early 2018.

22-Story, 162-Key Hotel Filed At 16 East 39th Street, Midtown South

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

Sam Chang’s Great Neck-based McSam Hotel Group has filed applications for a 22-story, 162-key hotel at 16 East 39th Street, in Midtown South, located a few blocks from Bryant Park and Grand Central Terminal. The building would measure 73,073 square feet in its entirety, and 66,328 square feet would be used for hotel operations. The hotel rooms would each measure an average of around 400 square feet and a lounge would be located on the top floor. SoHo-based Gene Kaufman is the architect of record. The existing 12-story, thru-block office building was subdivided into separate tax lots in October, so we’re guessing only the the 39th Street half of the building is going to be demolished, along with an adjacent three-story townhouse at 14 East 39th Street. According to The Real Deal, the properties are currently owned by ClearRock Properties and Juster Properties.

Developer Acquires Leasehold For DoubleTree Suites Hotel At 1568 Broadway, Times Square

10:00 am on January 4, 2016 By Reid Wilson

Last month, the leasehold interest of the 45-story, 468-key DoubleTree Suites hotel (by Hilton New York City – Times Square) was purchased for $540 million by Indianapolis-based Maefield Development, according to The Real Deal. The mixed-use building at 1568 Broadway, between West 46th and 47th Streets in Times Square, currently contains ground-floor retail space and the Palace Theatre, which was designated an interior landmark in 1987. Last November, YIMBY brought you news of the proposed retail and lobby expansions, and the restoration (and raising) of the Palace theater for entertainment purposes. The building is set to receive a significant overhaul, which includes the hotel portion as well as the installation of a new, state-of-the-art LED screen.

Foundations Are Excavated For Retail Project At 719 Seventh Avenue, Times Square

8:00 am on January 4, 2016 By Vitali Ogorodnikov

As SL Green is developing Midtown’s largest commercial property at One Vanderbilt across the street from Grand Central Terminal, the company is also building the neighborhood’s smallest ground-up project at 719 Seventh Avenue, just one block north of Times Square’s northern terminus. Despite its diminutive four-story size, the retail building will assert itself via a 150-foot-tall, 5,000-square-foot array of digital billboards. On-site demolition is complete, and excavation is well underway. Pavarini McGovern LLC is listed as the construction manager.

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

Construction Update: 220 Central Park South Nears Double Digits

7:30 am on January 4, 2016 By Evan Bindelglass

It has been about three months since we checked in on the coming Robert A.M. Stern creation at 220 Central Park South. Progress has been made since then. Photos taken by our friend Tectonic show the tower portion of the building, which rests on West 58th Street, is several stories taller, approaching the 10-story mark on its way to 66 stories.

21-Story, 71-Unit Project At 145 Madison Avenue To Include Affordable Units, Midtown South

6:00 am on December 30, 2015 By Reid Wilson

Back in May, YIMBY reported on applications for a 21-story, 71-unit mixed-use building at 145 Madison Avenue, between East 31st and 32nd Streets in Midtown South. According to DNAinfo, Kahen Properties will rent 21 of the residential units at below-market rates, which would satisfy the inclusionary housing bonus and increase the project’s allowable FAR. The latest filings call for a 59,085 square-foot structure, which includes 2,779 square feet of retail on the ground floor and residential units averaging 793 square feet each. The Stephen B. Jacobs Group is the architect of record. Permits have been approved to demolish the existing six-story commercial building.

Times Square Toys “R” Us, Once World’s Largest Toy Store, To Close December 30

1:15 pm on December 28, 2015 By Vitali Ogorodnikov

2015 will go down in New York’s storied retail history as the year when the city lost two of its flagship toy stores. At 6:00 p.m. on December 30, Toys “R” Us will shut down its Times Square store at West 44th Street and Broadway. The retail giant decided not to renew the lease due to ever-rising rents in the pedestrian-heavy neighborhood. Earlier in July, the company closed the famous FAO Schwarz store on at 767 Fifth Avenue, which had served the city since 1986.

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