Midtown

$203 Million Secured For Redevelopment Of 221 West 41st Street In Midtown, Manhattan

Naftali Credit Partners has closed a $203 million loan for an office-to-residential conversion of 221 West 41st Street, a 25-story building in Midtown, Manhattan. The financing was structured for Yellowstone Real Estate Investments and marks the tenth deal from Naftali Credit Partners’ second opportunistic debt fund. According to the announcement, the loan will refinance existing bridge debt and cover construction-related costs tied to the office-to-residential conversion. The property is located between Seventh and Eighth Avenues.

Read More

609 Fifth Avenue. Designed by Rafael Viñoly Architects.

Residential Conversion and Expansion Revealed for 609 Fifth Avenue in Midtown East, Manhattan

New renderings have been revealed for the proposed 29-story office-to-residential conversion and vertical expansion of 609 Fifth Avenue in Midtown East, Manhattan. Designed by Rafael Viñoly Architects and developed in a joint venture between RJ Capital Holdings and Top Rock Holdings, the project would more than double the height of the existing 14-story office structure from 187 feet to 408 feet tall and increase its square footage by 93,000 to nearly 226,000 square feet. The revamped building is slated to yield 66 condominium units. The property is alternately addressed as 4 East 49th Street and located at the southeast corner of Fifth Avenue and East 49th Street.

Read More

70 Hudson Yards. Designed by Roger Ferris + Partners and Gensler.

70 Hudson Yards Rises Above Street Level in Hudson Yards, Manhattan

Vertical progress is underway on 70 Hudson Yards, a 52-story commercial skyscraper in Hudson Yards, Manhattan. Designed by Roger Ferris + Partners and Gensler and developed by Related Companies and Oxford Properties, the 832-foot-tall structure is planned to become New York’s first zero-carbon-emission skyscraper and will yield just under 1.4 million square feet of office space. The property is alternately addressed as 514 West 36th Street and located along Hudson Boulevard East between by West 35th and 36th Streets.

Read More


343 Madison Avenue. Rendering courtesy of Volley STudio.

Foundations Underway for KPF-Designed Office Skyscraper at 343 Madison Avenue in Midtown East, Manhattan

Excavation and foundations are progressing at 343 Madison Avenue, the site of a 49-story commercial skyscraper in Midtown East, Manhattan. Designed by Kohn Pedersen Fox and developed by BXP, the 844-foot-tall structure will yield 950,000 square feet of office space and a collection of tenant amenities. The property is located between East 44th and 45th Streets.

Read More

Fetching more...