Midtown


5 Manhattan West

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

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.

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100 East 53rd Street

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

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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