A mixed-use development at 335 Fifth Avenue in Chelsea, Manhattan has officially broken ground. Located at the corner of Fifth Avenue and 3rd Avenue, the project is the latest development from MAG Partners and global holding company Safanad, who’ve retained COOKFOX Architects to design the property and Urban Atelier Group as general contractor.
Demolition work is complete at 335 Eighth Avenue, the site of an upcoming seven-story residential building in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Penn South (aka Mutual Redevelopment Houses, Inc.), the 200,000-square-foot structure will yield 188 residential units with 30 percent dedicated to affordable housing for low- and middle-income residents under the Affordable NY Program, as well as a 23,000-square-foot Lidl grocery store on the ground floor. Titan Industrial SVC Corp served as the demolition contractor and Urban Atelier Group is the general contractor for the property, which is located at the corner of Eighth Avenue and West 26th Street within the Penn South affordable housing cooperative, officially known as Mutual Redevelopment Houses. The project is being co-financed by MAG Partners and global holding company Safanad.
The Soloviev Foundation will soon debut “Field of Light,” a six-acre immersive installation along the waterfront edge of Murray Hill, Manhattan. Designed by acclaimed artist Bruce Munro, the installation will take shape at Freedom Plaza, an undeveloped parcel of land along the East River from 38th to 41st Streets.
FOUND Study, a provider of affordable student and intern housing, now operates one of largest hotel-to-residential conversion projects in Manhattan history. Located at 525 Lexington Avenue in Turtle Bay, the landmarked building was completed in 1923 and is designed by Empire State Building architect Arthur Loomis Harmon.
Construction and steelwork has begun on the fourth tier of JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. AECOM Tishman is the general contractor for the full-block property, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.
