Midtown

PENN 2’s Cantilevering Expansion Takes Shape at Two Penn Plaza in Midtown, Manhattan

8:00 am on May 18, 2022 By Michael Young

Renovation work and construction continue on PENN 2, a 31-story commercial tower at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the interior overhaul and re-cladding of the 412-foot-tall, 1.61 million-square-foot structure, as well as the construction of a multi-story cantilevering addition. PENN 2 is one component in the Penn District revitalization scheme that calls for the erection and redevelopment of several buildings surrounding Penn Station and Madison Square Garden. Turner Construction Company is the general contractor for the property, which is located along Seventh Avenue between West 31st and 33rd Streets.

Tenant lounge at 780 Third Avenue - Rendering courtesy of A+I

New Amenity Spaces Revealed for 780 Third Avenue in Midtown East, Manhattan

7:30 am on May 18, 2022 By Sebastian Morris

New renderings from Architecture Plus Information reveal lush amenity spaces and exterior enhancements at 780 Third Avenue, a 50-story office tower in Midtown East, Manhattan. Nuveen Real Estate, the current owner of the building, has invested roughly $40 million to create what it calls a “green oasis” for new and existing tenants.

470 Park Avenue South - Courtesy of SJP Properties

SJP Properties Reveals New Tenants at 470 Park Avenue South Following Large-Scale Renovation Project

7:00 am on May 17, 2022 By Sebastian Morris

Anchorage Digital and Life Science REIT are the first new tenants to join 470 Park Avenue South following a $15 million renovation of the Midtown commercial building. SJP Properties and PGIM Real Estate, the building’s current owners, retained Gensler and MKDA to complete the modernization project, which was unveiled in February.

Daytime rendering of The Spiral - Courtesy of Tishman Speyer

NewYork-Presbyterian Inks Lease at 66 Hudson Boulevard in Hudson Yards, Manhattan

7:00 am on May 15, 2022 By Sebastian Morris

NewYork-Presbyterian is the latest tenant to ink a lease at the Spiral at 66 Hudson Boulevard in Hudson Yards. The hospital group’s Och Spine outpatient facility will occupy a 75,000-square-foot suite on the supertall’s second floor.

131-141 East 47th Street Tops Out Over Midtown East, Manhattan

8:00 am on May 11, 2022 By Michael Young

Construction has topped out on 131-141 East 47th Street, a 34-story residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Lex 47th Property Owner LLC, the 500-foot-tall structure will yield 191 condominium units in studio to two-bedroom units, as well as 5,000 square feet of ground-floor retail space. Hopson Development Holdings is developing the site, which was purchased from the original developers, New Empire Real Estate. Silverback Development was brought onto the project in 2020 but is now no longer part of the building. Structure Tech New York and Cauldwell Wingate are in charge of building the project, which is located between Lexington and Third Avenues.

244 East 52nd Street Tops Out in Midtown East, Manhattan

7:30 am on May 10, 2022 By Michael Young

Construction has topped out on 244 East 52nd Street, a seven-story condominium building in Midtown East. Designed by Issac & Stern Architects for Minrav Development, the 26,000-square-foot structure will yield 15 residential units, a cellar level, a 30-foot-long rear yard, and a rooftop terrace. DCG is the general contractor for the property, which is being built on a 5,000-square-foot plot located between Second and Third Avenues. Sales and marketing will be handled by REUVENI, the first project for the company since partnering with Coldwell Banker Warburg on April 12.

241 West 28th Street’s Brick Façade Takes Shape in Chelsea, Manhattan

8:00 am on May 8, 2022 By Michael Young

Façade work is shaping up at 241 West 28th Street, a pair of 22-story residential buildings in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the 400,000-square-foot development will yield 480 units with 30 percent reserved for low- and middle-income households, as well as 8,500 square feet of ground-floor retail space. King Contracting Group is in charge of brickwork and Urban Atelier Group is the general contractor for the complex, which is located between Seventh and Eighth Avenues on what used to be an open-air parking lot that MAG Partners acquired in December 2018 under a 99-year ground lease with Edison Properties.

FIT’s New Academic Building Rises at 220 West 28th Street in Chelsea, Manhattan

8:00 am on May 7, 2022 By Michael Young

Construction is rising on the Fashion Institute of Technology‘s New Academic Building, a ten-story structure at 220 West 28th Street in the Garment District of Chelsea. Designed by SHoP Architects, the 110,000-square-foot facility will yield new classrooms, administrative offices, review and exhibition spaces, and a student quad illuminated by skylights. EE Cruz & Company Inc. is the general contractor for the Midtown project, which is located between Seventh and Eighth Avenues, within walking distance of Penn Station, Madison Square Garden, and Moynihan Train Hall. The New Academic Building is aiming for LEED Gold certification upon completion.

450 Eleventh Avenue’s Façade Installation Resumes in Hudson Yards, Manhattan

8:00 am on May 5, 2022 By Michael Young

Façade work has resumed on 450 Eleventh Avenue, a 51-story Aloft Hotel in Hudson Yards. Designed by DSM Design Group and developed by Marx Development Group, the 642-foot-tall skyscraper will yield 379 guest rooms as well as a business center, a ballroom, and a fourth-floor restaurant and bar with an outdoor terrace overlooking the transforming neighborhood. Atria Builders is the general contractor for the property, which is located at the corner of West 37th Street and Eleventh Avenue, directly across from the Jacob K. Javits Center.

HSBC Relocates US Headquarters to The Spiral at 66 Hudson Boulevard in Hudson Yards, Manhattan

7:30 am on May 5, 2022 By Sebastian Morris

HSBC is the latest company to relocate its core business operations to The Spiral, a 65-story supertall office skyscraper in Midtown West, Manhattan. Located at 66 Hudson Boulevard within the Hudson Yards district and mega-complex, the tower is designed by Bjarke Ingels Group and developed by Tishman Speyer.

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Midtown

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