Midtown

111 West 57th Street Lands $725 Million In Financing

6:00 am on July 1, 2015 By Reid Wilson

JDS and PMG’s 82-story, 60-unit condominium tower at 111 West 57th Street, in Midtown, has received a $725 million construction loan, thanks to AIG and Apollo Global Management. SHoP Architects is designing, and the supertall is now expected to stand 1,438 feet to its pinnacle. The existing Steinway building is being partially demolished, and foundation work is currently underway, with completion slated for 2018, according to Crain’s Business. In April, YIMBY brought you new renderings of the project.

Zaha Hadid’s 39-Unit Condo Building Above Street Level At 520 West 28th Street, Chelsea

3:00 pm on June 29, 2015 By Reid Wilson

Six months ago, foundation work was underway at 520 West 28th Street, in West Chelsea, where Related Companies is developing an 11-story, 39-condo-unit building. Now construction is up to the second floor, according to Curbed. Zaha Hadid is designing, and the nearly 149,000 square-foot building will include 11,180 square feet of commercial space, which will be broken into two retail units on the ground floor, according to Schedule A. Completion is expected in 2016.

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.

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.

Revealed: 19-Story Building Designed by ODA Coming to 150 East 23rd Street, Gramercy

8:00 am on June 22, 2015 By Nikolai Fedak

Back in July of 2014, YIMBY reported on the first filings for a new development coming to 150 East 23rd Street, between Lexington and Third Avenues, in Gramercy. The 19-story project is being designed by ODA Architecture, and we now have the reveal for the building, which is being developed by Kent Chang of LKH 23rd LLC.

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.

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.

City Expected To Receive Midtown East Rezoning Recommendations This Summer

4:00 pm on June 16, 2015 By Reid Wilson

A committee assigned to propose changes for Midtown East’s zoning is expected to submit plans with the City by June 30th, hopefully facilitating a rezoning that would be formally crafted by the Department of Planning. The rezoning may give developers a boost in FAR in return for funding transit improvements. Also, developers may be able to transfer air rights from landmarked buildings to other properties within the district as-of-right, according The Wall Street Journal.

Documents Confirm 1,522-Foot Parapet Height for 217 West 57th Street, aka Nordstrom Tower

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

The permitting process surrounding high-profile projects is becoming increasingly convoluted, with ‘dummy filings’ now commonly submitted prior to actual new building applications. This is particularly true at 217 West 57th Street, which still doesn’t have any on-site renderings. But luckily some new supporting documents have been filed with the city, revealing what appear to be the actual height numbers for the tower’s parapet and roof, confirming it will become the country’s tallest building.

Watch 500 West 21st Street Rise Next to the High Line in Chelsea

7:30 am on June 16, 2015 By Rebecca Baird-Remba

The team behind Sherwood Equities’ luxury condo development at 500 West 21st Street sent along a time lapse video of the building rising next to the High Line, beginning in March of last year and ending last month.

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Midtown

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