Avison Young recently arranged a 20-year deal to relocate the Classic Car Club, a private automotive club in Manhattan, to 645 11th Avenue in Hell’s Kitchen, Manhattan. The new space, which will be the organization’s new flagship clubhouse, will span more than 60,000 square feet across four floors and the roof of the historic former automotive dealership.
Construction is nearing completion on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. The development is located on a large parcel between Borden Avenue and Newton Creek.
Demolition is finishing up at 1710 Broadway, the site of a proposed 54-story, 673-unit hotel in Midtown, Manhattan. The project is being developed by Riu Hotels and Resorts, which purchased the parcel from Extell Development for $173 million in 2023 after the latter had acquired 360,000 of air rights for the property shortly before purchasing it for $268 million in 2017. The site has 129 feet of street frontage and is located at the corner of Broadway and West 54th Street.
The New York City Landmarks Preservation Commission has unanimously voted to designate the 1 Wall Street Banking Room Interior, also known as the Red Room, as a landmark in Manhattan’s Financial District. Completed in 1931, this unique and elaborately tiled space served as a reception room and banking hall for the Irving Trust and Bank Company. The Red Room represents the work of architect Ralph Walker and muralist Hildreth Meière.
Permits have been filed for a seven-story residential building at 257 Bainbridge Street in Stuyvesant Heights, Brooklyn. Located between Malcolm X Boulevard and Patchen Avenue, the lot is near Utica Avenue subway station, serviced by the A and C trains. Charles Wurzberger of Candor Capital One is listed as the owner behind the applications.
