Professional services company Turner & Townsend has signed a 12-year lease for 24,394 square feet at 100 Park Avenue, a 36-story office tower in Midtown, Manhattan. The lease covers the entire sixth floor of the 905,000-square-foot building, bringing it to full occupancy. The property is located between East 40th and 41st Streets.
Construction is nearing completion on Malabar Residences, a 28-story residential tower at 126 East 57th Street in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development, the 346-foot-tall structure will span 140,806 square feet of residential space split into 145 condominium units averaging 971 square feet. The project will also include two lower-level retail spaces spanning 4,114 square feet, and accompanying amenities. The property is located at the corner of East 56th Street and Lexington Avenue with a narrow panhandle extension to East 57th Street.
Renovation work is moving along on 383 Madison Avenue, a 47-story office skyscraper in Midtown East, Manhattan. Designed by Skidmore, Owings & Merrill along with Foster + Partners and Gensler, the project will re-clad the 755-foot-tall structure’s façade and revamp its 1.2 million square feet of office space to serve the banking investment division of JPMorgan Chase. Formerly known as the Bear Stearns Building, the tower was originally designed by David Childs of SOM and completed in 2001. The property is bounded by Madison and Vanderbilt Avenues and East 46th and East 47th Streets, and stands directly south of the financial institution’s recently completed headquarters at 270 Park Avenue.
Work is complete on 125 West 57th Street, a 30-story mixed-use building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 420-foot-tall structure spans 260,000 square feet and yields 185,000 square feet of full-floor Class A office space. In addition to 7,000 square feet of retail space and a dedicated office amenity floor designed by Gensler, the development also includes a new six-story home for the Calvary Baptist Church, also designed by FXCollaborative. The nearly $350 million project is located between Sixth and Seventh Avenues.
Construction is rising on 246 West 18th Street, an 11-story mixed-use building in Chelsea, Manhattan. Designed in a collaboration between RyDE and Mao Architects, developed by Verdevelopment, and built by Prime Builders, the 120-foot-tall structure will span 35,679 square feet and yield 21 condominium units with an average scope of 1,457 square feet. The project will also include 8,005 square feet of commercial space on the first and second floors, as well as ten enclosed parking spaces and a cellar level. The property is located mid-block between Seventh and Eighth Avenues.
