Work is progressing at 215 West 42nd Street, where the historic Times Square Theater is in the process of a retail conversion and expansion. Designed by Beyer Blinder Belle and developed by NYC Economic Development Corporation and Stillman Development International, the $100 million project calls for extensive interior renovations and a vertical extension that will double the structure’s height, bringing it to 138 feet tall and six stories above ground, as well as the addition of a cellar level. The property is located in the heart of Times Square between Seventh and Eighth Avenues, and will yield 52,521 square feet with 34,313 square feet designated for commercial space.
Following a series appeals to the Landmarks Preservation Commission and eventual approval in June 2020, The Children’s Museum of Manhattan (CMOM) will soon debut at 361 Central Park West on Manhattan’s Upper West Side. Architect of record FXCollaborative has released new renderings of the museum, which will occupy a former church and New York City landmark.
Due to fair housing concerns, New York City plans to suspend the Affordable Independent Residences for Seniors housing program, aka AIRS, beginning July 21, 2021.
Construction is continuing on the Ronald O. Perelman Performing Arts Center in the Financial District. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by the Port Authority of New York and New Jersey, the 138-foot-tall structure is one of the final components of the 16-acre World Trade Center complex.
Nuvance Health Systems recently secured a 220,000-square-foot office suite at The Summit in Danbury, a deal that ranks as the largest office lease this year for the State of Connecticut. The lease with Nuvance, formerly Western Connecticut Medical, is for 12 years and includes an option to expand up to 300,000 square feet.