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Rendering of 295 Fifth Avenue with its new rooftop penthouse

Developers Announce 132,000-Square-Foot Lease Deal at 295 Fifth Avenue In Midtown South, Manhattan

7:30 am on November 30, 2023 By Max Gillespie

Tribeca Investment Group, PGIM Real Estate, and Meadow Partners have announced a lease agreement with global litigation firm Quinn Emanuel Urquhart & Sullivan, LLP for a 132,000-square-foot space at the fully renovated 295 Fifth Avenue in Midtown South, Manhattan. This relocation marks one of the largest relocations of 2023 in the surrounding area and reflects a trend of traditional industries filling the leasing gap left by technology firms in the neighborhood. CBRE helped facilitate the transaction on behalf of ownership and represented Quinn in the leasing agreement.

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Demolition Wraps for Upcoming 68-Story Skyscraper at 100 West 37th Street in Midtown, Manhattan

7:30 am on November 28, 2023 By Michael Young and Matt Pruznick

Demolition is finishing up at 100 West 37th Street, the site of an upcoming 68-story mixed-use skyscraper in the Garment District of Midtown, Manhattan. Designed by C3D Architecture and developed by Sioni Group under the 989 Sixth Realty LLC, the 743-foot-tall structure will yield 384,118 square feet with 300 condominium units spread across 297,301 square feet, as well as 86,817 square feet of commercial space and two cellar levels. Northeast Specialist Group is the demolition contractor for the corner property, which is alternately addressed as 989-993 Sixth Avenue and located at the intersection of Sixth Avenue and West 37th Street.

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540 West 21st Street Remains Stalled in Chelsea, Manhattan

8:00 am on November 22, 2023 By Michael Young and Matt Pruznick

The fourth entry on our Turkey Week rundown of stalled projects is 540 West 21st Street, a 20-story mixed-use building in Chelsea, Manhattan. Designed by Adamson Associates and originally developed by Casco Development Corp. under the 540 West 21st Street LLC, the 250-foot-tall structure was planned to yield 34 condominium units with an average scope of 3,370 square feet, as well as 43,510 square feet of commercial space. Suffolk Construction Company was the contractor for the project, which is located at the corner of West 21st Street and Eleventh Avenue, directly across from Hudson River Park.

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David Adjaye’s Affirmation Tower Remains on Hold at 418 Eleventh Avenue in Hudson Yards, Manhattan

7:30 am on November 21, 2023 By Michael Young and Matt Pruznick

The third entry in our Turkey Week rundown of stalled and on-hold construction projects in New York City is Affirmation Tower, a 1,663-foot mixed-use supertall at 418 Eleventh Avenue, just north of Related Companies‘ first phase of Hudson Yards. Designed by Sir David Adjaye of Adjaye Associates and developed in collaboration between Cheryl McKissack Daniel of McKissack & McKissack, The Peebles Corporation, Exact Capital Group, and the Witkoff Group, the 2-million-square-foot structure would easily wrest the title of tallest building in New York by roof height from Extell’s Central Park Tower, surpassing its parapet by more than 100 feet. The development’s 1.2-acre plot, dubbed “Site K,” was also the site selected for the long-stale Hudson Spire proposal, and is bound by West 36th Street to the north, West 35th Street to the south, Eleventh Avenue to the east, and Hudson Boulevard to the west.

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