Midtown

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.

Construction at 242 West 53rd Street, as seen from 52nd Street. Photo by Tectonic.

Construction Update: Roseland Ballroom Redevelopment At 242 West 53rd Street

7:30 am on December 22, 2015 By Evan Bindelglass

Lady Gaga closed out Roseland Ballroom back in April and now work is well underway on its replacement, as seen in photos from Tectonic. The replacement, as reported previously, is a 62-story, 675-foot-tall residential building designed by CetraRuddy and developed by Algin Management.

Developers Plan 60-Story Hotel-Condo Tower At 1710 Broadway, Midtown

11:00 am on December 18, 2015 By Reid Wilson

In late 2014, YIMBY brought you conceptual renderings of the possible mixed-use tower that could rise at 1710 Broadway, between West 54th and 55th Street in Midtown, and now Extell Development is teaming up with C&K Properties to build a 60-story condo-hotel tower. Extell paid roughly $247 million for a 39 percent stake in the project, according to The Real Deal. Retail space will likely be included in the planned tower, which could be as large as 370,000 square feet, although additional air rights may be used which would increase the project’s size. A six-story, 83,000 square-foot office building must first be demolished.

Historic, existing, and proposed facades at 1145 Broadway.

Commercial Building At 1145 Broadway To Receive Restoration, Expansion

7:30 am on December 18, 2015 By Evan Bindelglass

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. Photo by Addison Godel/Flickr.

12-Story Ford Foundation Building At 320 East 43rd Street To Get Renovations, Midtown East

10:00 am on December 17, 2015 By Reid Wilson

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.

St. Patrick’s Cathedral To Get New Secure Entry For Cardinal Dolan

8:00 am on December 16, 2015 By Evan Bindelglass

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.

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