Midtown

520 5th avenue

Ceruzzi Properties To Acquire 520 Fifth Avenue, 71-Story Mixed-Use Tower Planned, Midtown

6:30 am on June 26, 2015 By Reid Wilson

Last December, Thor Equities filed applications for a 71-story, nearly 353,600 square-foot mixed-use tower at 520 5th Avenue, in Midtown, and now Ceruzzi Properties has agreed to acquire the site for $325 million, according to Commercial Observer. The new owner plans to proceed with previous plans, which will feature three stories of retail, followed by 208 hotel rooms up to the 24th floor, and 145 residential units in the upper reaches of the tower.

611 West 56th Street

35-Story Condo Building At 611 West 56th Street Will Have 80 Units

3:00 pm on June 22, 2015 By Reid Wilson

A 35-story, 80-unit condominium tower, currently in the design stage, is planned at 611 West 56th Street, also known as 823 11th Avenue, in Midtown West. The building will span 162,000 square feet and stand 420 feet in height, according to Dezeen, and Álvaro Siza is designing. Sumaida + Khurana is co-developing with LENY, and construction is slated to begin in 2016, with completion in 2018. Gabellini Sheppard is designing the interiors, while SLCE Architects will serve as the architect of record. A six-story building will need to be demolished first.

143 East 60th Street

Development Assemblage At 143 East 60th Street In Contract, Midtown East

6:00 am on June 19, 2015 By Reid Wilson

Only placed on the market earlier this month, Kuafu Properties is in contract to acquire the development assemblage spanning 143-161 East 60th Street, on the northern edge of Midtown East, for more than $300 million. A 280,000 square-foot residential building with a retail portion could be accommodated at the site, and rumor has it that condominiums are likely planned. Six low-rise buildings — the largest being 11 stories — currently occupy the site.

219 West 21st Street

Three-Story Industrial Building At 219 West 21st Street In Chelsea Primed For Redevelopment

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

Cushman & Wakefield is marketing the three-story, 13,040 square-foot building at 217-219 West 21st Street, in Chelsea, between Seventh and Eighth Avenues. The property has 6,710 square feet of unused air rights, according to Commercial Observer, but a developer could also demolish the existing structure for a new building. Leases currently occupy parts of the building, but expire at the end of 2017.

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