Midtown

217 West 57th Street and One World Trade Center

Diagrams Show Nordstrom Tower/217 West 57th Street Will Stand 1,795 Feet Tall, Becoming New York City’s Tallest Building

8:00 am on May 11, 2015 By Nikolai Fedak

The current race to the top of the skyline is the most impressive in New York City’s history, with ever-taller skyscrapers sprouting from the Financial District all the way to 57th Street. And YIMBY has now learned that 217 West 57th Street, aka the Nordstrom Tower, received a height boost between April and June of last year, pushing the tower’s pinnacle to 1,795 feet. That will make it the tallest building in New York City, the United States, and the Western Hemisphere.

Construction Update: The Sutton at 959 First Avenue, Midtown East

7:30 am on May 11, 2015 By Rebecca Baird-Remba

The Toll Brothers’ 30-story condo project at 959 First Avenue is rising fast and starting to get its brick facade. The 90-unit tower launched sales last month, and now YIMBY reader Tectonic has photos of its contextual exterior.

27-Story Boutique Hotel Planned for 25 West 38th Street, Midtown South

6:30 am on May 11, 2015 By Reid Wilson

The Real Deal has the latest on Fortuna Realty Group’s planned 27-story, 180-key boutique hotel to span 25-27 West 38th Street, in Midtown South. Starwood Hotels & Resorts is co-developing with Fortuna, and The Aloft New York Midtown is expected to open for business in October 2017; Nobutaka Ashihara Architects and VLDG are designing. The existing five- and eight-story buildings passed pre-demolition inspection in late April.

38-Story Condominium Tower At 118 East 59th Street Revealed, Midtown East

6:00 am on May 11, 2015 By Reid Wilson

The New York Times has revealed full renderings for the planned 38-story, 29-unit condominium tower at 118 East 59th Street, in Midtown East. YIMBY brought you news of the project last fall, which the Chinese firm Euro Properties is developing. Soo K. Chan, of SCDA Architects, is designing the 70,260 square-foot structure and all the condos — starting at 1,400 square feet — will span at least one floor. Demolition of the site’s former four-story buildings is complete and construction begins in June.

HFZ Capital Closes on Purchase of 76 Eleventh Avenue at $1,100 Per Square-Foot, West Chelsea

2:00 pm on May 8, 2015 By Reid Wilson

After obtaining $1 billion in financing, HFZ Capital Group has closed on the development site at 76 11th Avenue, or 518 West 18th Street, in West Chelsea. The lot comes remediated and vacant, and it’s one of the most expensive acquisitions in New York’s history, according to The Real Deal, clocking in at $1,100 per square-foot.

29-Story Office Building 7 Bryant Park Wraps Up Construction, Midtown

11:00 am on May 8, 2015 By Reid Wilson

The 29-story, 470,500 square-foot office building dubbed 7 Bryant Park at 1045 6th Avenue, in Midtown, is wrapping up construction, per The Wall Street Journal. Exterior cladding is complete, and interior modeling is underway to accommodate the building’s owner, The Bank of China Ltd., which paid nearly $600 million for the Pei Cobb Freed & Partners-designed building in 2014. Construction began in 2013, and Hines and Pacolet Milliken Enterprises served as the tower’s developers.

Foot Locker, WeWork Lease Space at 8 Times Square, in Midtown

11:00 am on May 6, 2015 By Reid Wilson

Foot Locker has leased 36,000 square feet of retail space at 1460 Broadway — dubbed 8 Times Square — a 16-story commercial building in Midtown, reports the New York Post. The building is currently being renovated and repositioned in phases by Himmel+Meringoff and The Swig Company, and MdeAS Architects is designing. WeWork is leasing 180,000 square feet of office space above, and renovations are expected to be finished in 2016.

SL Green’s One Vanderbilt Moves Another Step Closer to Reality

6:00 am on May 6, 2015 By Reid Wilson

The City Council has voted to approve the re-zoning of a five-block stretch of Vanderbilt Avenue in Midtown East, per Capital New York. SL Green’s proposed 67-story, 1,501-foot-tall One Vanderbilt is the first building to maneuver the rezoning, and a full-council vote could come as early as the end of May. SL Green is funding $220 million in transportation improvements for Grand Central, and completion is expected in 2020.

SMA Equities Acquires Three Property Assemblage on 3rd Avenue in Gramercy

4:00 pm on May 5, 2015 By Reid Wilson

SMA Equities has acquired the three low-rise properties spanning 295-299 3rd Avenue, in Gramercy, which amount to 13,000 square feet of mixed-use space, for $27.8 million. Per The Real Deal, the assemblage boasts 46,000 square feet of building potential, and development plans have yet to be disclosed.

Extell Possibly Planning Another Luxury Tower at 123 West 57th Street, Midtown

6:00 am on May 5, 2015 By Reid Wilson

Crain’s Business reports the 16-story commercial building spanning 123-141 West 57th Street, in Midtown — home to the 197-room Salisbury Hotel and Calvary Baptist Church — could potentially be the location of Extell Development’s next ultra-luxury…

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