Douglaston Development has launched leasing at 3Eleven, a 60-story residential skyscraper at 311 Eleventh Avenue at the convergence of West Chelsea and Hudson Yards. Designed by FXCollaborative, the 695-foot-tall structure yields 938 units with 703 market-rate rentals and 235 homes reserved for affordable housing. Move-ins are expected to commence this fall.
KPMG will soon relocate its headquarters to Two Manhattan West, a new 58-story office skyscraper in Midtown West, on the edge of Hudson Yards. At 450,000 square feet, the transaction is the largest office deal to close in New York City this year.
Construction has passed the halfway mark on 155-165 West 29th Street, a 17-story self-storage facility in Chelsea, Manhattan. Designed by Mancini Duffy and developed by Highland Development Ventures LLC and The Davis Companies, the 223-foot-tall structure will yield 180,000 square feet and 6,300 units. The developers acquired the property in early 2021 for $62.5 million, and construction costs are estimated at $84 million. Div West 29th Street LLC is the owner, Cauldwell Wingate is the contractor, and McNamara Salvia is the structural engineer for the property, which is located between Sixth and Seventh Avenues.
400 Capital Management, a global credit asset manager, is the latest company to join 660 Fifth Avenue in Midtown, Manhattan. The company’s office will occupy more than 25,000 square feet on the building’s 27th floor beginning August 2024.
Demolition is ramping up at 415 Madison Avenue, the site of a 40-story commercial skyscraper in Midtown East. Designed by Skidmore Owings & Merrill and developed by 415 Madison Avenue LLC, the 605-foot-tall tower will yield 343,100 square feet of office space as well as a 350-square-foot ground-floor retail pavilion and a 2,400-square-foot open-air public concourse. The developer sought permits through the ULURP process and will build in compliance with the East Midtown sub-district regulations, with air rights purchased from the landmarked St. Bartholomew’s Church along Park Avenue. PAL Environmental Services is the general contractor and Rudin Management is the owner of the property, which is located at the corner of Madison Avenue and East 48th Street.
