New York’s Landmarks Preservation Commission (LPC) is currently reviewing proposals for new marquees and retail storefronts on the ground floor of the historic Paramount Building in Times Square. The 33-story structure is located at 1501 Broadway at the corner of 43rd Street and currently contains New York City’s only Hard Rock Cafe, ground-floor retail, and office space on the upper levels.
Construction is currently underway on Sam Chang’s most recent hotel project in Midtown Manhattan. Located at 150 West 48th Street, the 34-story building will contain 974 guest rooms, ranking it among the largest hotels to debut in the city this decade.
Permits have been filed for a six-story commercial building at 215 West 42nd Street in Times Square. Located between Seventh Avenue and Eighth Avenue, the interior lot is minutes from the 42nd Street subway hub, serviced by the 1, 2, 3, 7, A, C, E, N, Q, R, W, and S trains. NYC Economic Development Corporation is listed as the owner behind the applications.
Demolition of the former DoubleTree Suites by Hilton has kicked off at 1568 Broadway to make way for a new 46-story mixed-use tower. The new structure will debut as TSX Broadway and is developed in collaboration by L&L Holding Company, Maefield Development, and Fortress Investment Group.
The Margaritaville Resort is ascending swiftly at 560 Seventh Avenue in Times Square. Construction has passed the primary setback and workers are forming the floor plates for the main massing that will contain the hotel’s 234 rooms. Portions of the metal-trimmed glass façade have also begun to be installed on the tower, which will rise 29 stories. The project is designed by Stonehill & Taylor Architects and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services.