Midtown

Planned 42-Story, 429-Unit Building At 222 East 44th Street Receives Financing, Midtown East

6:00 am on July 17, 2015 By Reid Wilson

BLDG Management Company has landed a $254 million construction loan for their planned mixed-use project spanning 212-222 East 44th Street, in Midtown East, per Commercial Observer. YIMBY reported on the project’s design competition earlier in 2015, and a 42-story, 429-unit building is planned, with 87 apartments to be set aside as lottery-allocated housing. On the ground floor, 7,160 square feet of retail space is planned.

Construction Update: 15 Hudson Yards, aka the Culture Tower, Midtown West

8:00 am on July 16, 2015 By Nikolai Fedak

Most of the progress so far at Hudson Yards has been on the eastern edge of the site, with 30 Hudson Yards the only tower that’s currently above ground level. But with the decking-over of the Eastern Yards now wrapped-up, YIMBY reader ILNY took the following photos showing that work is finally about to begin on 15 Hudson Yards.

Demolition Begins At 520 West 41st Street, Site Of 106-Story Mixed-Use Tower, Midtown West

6:00 am on July 16, 2015 By Reid Wilson

Earlier this year, Silverstein Properties paid roughy $100 million for a car dealership at 520 West 41st Street, aka 514 Eleventh Avenue, in Midtown West. Last summer, YIMBY revealed plans for an 106-story, 1,400-unit mixed-use tower at the site (currently traversing ULURP). Although the proposed 1.685 million square-foot building has yet to be approved, Curbed reports demolition of the existing low-rise commercial building has begun.

14-Story Building At 315 West 35th Street Slated For Condo Conversion, Garment District

12:30 pm on July 15, 2015 By Reid Wilson

Isaac Chetrit and Jacob Aini have won a bid to acquire the 14-story, 63,000 square-foot commercial property at 315 West 35th Street, in the Garment District, for $43 million. The new owners plan to convert the vacant building into residential condominiums. The building was placed up for auction after the previous owner, developer Aaron Chitrik, defaulted on the property’s mortgage, according to The Real Deal.

Cladding Appears At 626 First Avenue, Twin-Towered Development Rising in Murray Hill

6:30 am on July 15, 2015 By Reid Wilson

JDS Development’s 41- and 48-story residential towers planned at 626 First Avenue, on the East River in Murray Hill, are now rising quickly, per Curbed. Construction began nearly a year ago, and completion of the 800-rental-unit development is expected in 2017. SHoP Architects is designing, and façade installation has also begun closer to street level. A 38,000 square-foot park is planned to surround the base of the project.

Permits Filed: 572 11th Avenue, 13-Story Building Designed by CetraRuddy

11:30 am on July 14, 2015 By Rebecca Baird-Remba

The furthest reaches of Midtown West are about to get another mixed-use building designed by Cetra Ruddy. The Soho-based firm filed new building applications this morning for a 13-story residential development with ground floor retail at 572 11th Avenue, on the corner of 43rd Street.

Tallest Freestanding Tower Crane in NYC History Up at 111 West 57th Street

8:00 am on July 14, 2015 By Nikolai Fedak

The past few months have seen construction kick into high gear at several sites along and adjacent to the 57th Street corridor, and now 111 West 57th Street will join the pack. Interior demolition and excavation began last year, and now the tower’s crane has arrived on-site, signaling its impending verticality.

City To Request Proposals For All-Affordable Mixed-Use Tower At 493 11th Avenue, Midtown West

6:00 am on July 13, 2015 By Reid Wilson

The City’s EDC has confirmed the redevelopment of the parking lot at 493 11th Avenue, on West 39th Street in Midtown West, according to DNAinfo. The City will request proposals this summer for a permanently all-affordable housing tower, which will also have retail and community space on the lower levels. The site was previously said to allow for a 45-story, 300-unit building, and was formerly occupied by a six-story slaughterhouse, demolished in the 1980’s.

When Developers Work on Subways: Using One Vanderbilt as a Test Case

8:00 pm on July 10, 2015 By Rebecca Baird-Remba

SL Green’s 1.6 million-square-foot office tower at One Vanderbilt Avenue will not only be a test case for the city’s ambitious Midtown East rezoning plan, but it’s one of the few times in recent memory that a private developer has agreed to finance and perform substantial construction work for the MTA.

Residential Development Site At 253-255 3rd Avenue Expands, Gramercy

11:00 am on July 10, 2015 By Reid Wilson

Last Summer, Apex Real Estate Investments acquired the three-story buildings spanning 253-255 3rd Avenue, in the Gramercy, and now the firm has purchased the buildings at 257-259 3rd Avenue for $15.7 million. According to Commercial Observer, initial plans were to build a 25-unit residential building with affordable units at Nos. 253-255, but it seems the site has been expanded. Bonus air rights are also available with the inclusionary housing bonus, but the rights will apparently be transferred elsewhere.

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