Midtown

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…

Permits Filed: 281 Fifth Avenue

7:00 am on May 4, 2015 By Rebecca Baird-Remba

In December, YIMBY revealed plans and possible renderings for a 51-story tower at 281 Fifth Avenue, and now permits have been filed for the high-rise condo development at the corner of 30th Street.

Cladding Installation Underway at Brookfield’s 5 Manhattan West, 450 West 33rd Street

6:00 am on May 4, 2015 By Reid Wilson

Real Estate Weekly watched crews install the first few panels of the glassy curtain wall going in at Manhattan West‘s 450 West 33rd Street, the 16-story, 1.8-million square-foot behemoth located near Penn Station, which Brookfield Properties is renovating top-to-bottom. The transformation is costing $200 million, and this past November, the Wall Street Journal reported that JP Morgan Chase signed a 123,000 square-foot lease for one of the floors. REX Associates is designing, and completion is expected in 2016.

Fosun Developing 47-Story Luxury Residential Tower at 126 Madison Avenue, NoMad

6:30 am on May 1, 2015 By Reid Wilson

Crain’s Business reports the China-based Fosun Group, partnered with JD Carlisle, is planning to develop a 47-story, 180-unit luxury condominium building at 126 Madison Avenue, in Midtown South close to NoMad. Handel Architects is designing the roughly…

Revealed: 338 West 39th Street, The Pestana Hotel

8:00 am on April 30, 2015 By Nikolai Fedak

Yesterday, The Real Deal reported on an eviction controversy surrounding 338 West 39th Street, which is a site that will soon yield a new hotel. Now, YIMBY can reveal the design of the new building coming to the lot, which is being developed by the Portuguese hotel group Pestana Hotels.

65-Story Condo Tower at 100 East 53rd Street Receives Financing

6:00 am on April 30, 2015 By Reid Wilson

Per The Real Deal, RFR Realty, partnered with Hines, has received $360 million in financing from the Industrial and Commercial Bank of China for the 65-story, 91-unit condominium building at 100 East 53rd Street, in Midtown East. Vanke Holdings and China Cinda Asset Management have also purchased stakes in the project this past March. Foster + Partners is designing, and YIMBY brought you an update on construction in March.

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Midtown

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