Midtown East

Rendering courtesy of DBOX.

350 Park Avenue’s Developers Close on Agreement, Loan for 1,400-Foot Supertall in Midtown East, Manhattan

By Matt Pruznick

New York’s next skyline-changing skyscraper took a big step forward this week with the closing of a joint-venture agreement for 350 Park Avenue, an approved 1,400-foot supertall in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the 66-story structure will yield 1.9 million square feet of Class A office space. Griffin’s company Citadel Enterprise America will serve as the anchor tenant, occupying 1.05 million square feet, according to Steve Cuozzo at the New York Post. The 53,000-square-foot property is located between East 51st and 52nd Streets.

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L&L Infinite Completes $245 Million Acquisition Of 600 Third Avenue In Midtown East, Manhattan

By Max Gillespie

L&L Infinite has completed the acquisition of 600 Third Avenue, a 42-story office skyscraper in Midtown East, Manhattan. Designed by Emery Roth & Sons and completed in 1970, the 590-foot-tall structure spans 575,254 square feet and changed hands at a valuation of $245 million. L&L Infinite is joined in the joint venture by affiliates of Mack Real Estate Group, BLDG Management, and BD Blakely, and secured a $215 million acquisition loan from Bain Capital. The property is located between East 39th and 40th Streets.

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303 East 44th Street. Designed by ODA.

Façade Installation Progresses on Lucien At 303 East 44th Street in Midtown East, Manhattan

By Michael Young and Matt Pruznick

Façade installation is progressing on Lucien, a 35-story residential tower at 303 East 44th Street in Midtown East, Manhattan. Designed by ODA Architects and developed by Bruklyn Builders, the 470-foot-tall structure will span 89,043 square feet and yield 131 rental units along with 8,006 square feet of commercial space. The property is located on an interior lot between First and Second Avenues.

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750 Third Avenue’s 639-Unit Residential Conversion Progresses in Midtown East, Manhattan

By Michael Young and Matt Pruznick

Work is progressing on the office-to-residential conversion of 750 Third Avenue, a 34-story tower in Midtown East, Manhattan. Designed by Gensler and developed by SL Green Realty, the $805 million project will span 761,384 square and yield 639 rental units. The building will also contain ground-floor retail and a collection of amenities. The property is bounded by Third Avenue and East 46th and East 47th Streets.

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Protected Bike Lane Added To Updated Park Avenue Redesign In Midtown East, Manhattan

By Max Gillespie

An updated design has been unveiled for the redesign an 11-block streetscape transformation of Park Avenue spanning East 46th to East 57th Street in Midtown East, Manhattan. Led by the New York City Department of Transportation and designed by Starr Whitehouse Landscape Architects and Planners, in collaboration with Thornton Tomasetti and TYLin, the project will expand the avenue’s medians, add pedestrian space, seating, and landscaping, and convert an existing southbound vehicle travel lane into a two-way protected bike lane. The revised plan would remove one travel lane in each direction and repurpose one additional southbound lane for the protected bike lane, while new crosswalks will connect the medians along the corridor. The project area sits directly above the Grand Central Terminal train shed, between Grand Central Terminal and the foot of East 57th Street.

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