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334 West 36th Street

Façade Being Preserved At 334 West 36th Street, Site Of 28-Story, 566-Key Hotel, Garment District

Prolific hotel developer Sam Chang has revised plans for a proposed hotel development at 334 West 36th Street, in the Garment District. Previous plans called for the demolition of the existing six-story Christ Church, but now the structure and its façade are being incorporated into the new development. According to The New York Times, the hotel will stand 28 stories, and DOB permits now show 566 hotel rooms. This is an increase from earlier applications, which called for 20 stories and 406 rooms.

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143 East 60th Street

Large Development Assemblage At 143 East 60th Street Placed On Market, Midtown East

World Wide Group has placed an assemblage of buildings, spanning 143-161 East 60th Street, in Midtown East, on the market as a development site for what is being valued north of $300 million, according to Crain’s Business. Six buildings are included in the assemblage, most being townhouses in the four- and five-story range, but an 11-story building exists at No. 155. A 280,000 square-foot residential and retail building could be built, but the tower could be even larger if a developer chooses to satisfy the inclusionary housing bonus.

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425 Park Avenue

Planned 47-Story Office Building At 425 Park Avenue Receives Financing, Midtown East

L&L Holdings and GreenOak Real Estate have landed a $556 million construction loan for their 47-story, 893-foot-tall office building planned at 425 Park Avenue, in Midtown East. The developers are expanding the existing 32-story building office building to accommodate 670,000 square feet of modern office space. Partial demolition begins this month, and the building is scheduled to open in 2018.

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