Demolition is progressing rapidly at 270 Park Avenue, the site of JP Morgan Chase‘s new 1,425-foot-tall headquarters in Midtown East and number three on our end-of-year countdown. The firm is demolishing its former 707-foot-tall, 52-story tower to make way for the massive supertall, which will yield 2.5 million square feet of office space. The full-block parcel is located between Park and Madison Avenues and East 47th and 48th Streets.
The Landmarks Preservation Commission (LPC) has approved the residential redevelopment of a historic mixed-use building at 315 Broadway in Tribeca. The landmarked structure was originally constructed around 1861 and currently contains a small retail component on the ground floor and four loft spaces above.
Construction began last week on Williamsbridge Gardens, a two-building affordable housing development in the Williamsbridge neighborhood of The Bronx. Developed by B&B Urban and L+M Development Partners and designed by MHG Architects, the pair of eight-story buildings located at 722 East 212th Street and 711 East 211th Street will bring 170 units of affordable housing to low- and moderate-income families.
Construction is continuing to rise at 50 Trinity Place, a 28-story Hotel Indigo in the Financial District. The 173-room, 77,310-square-foot structure is designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property in 2012 for $15 million. The site is located at the corner of Trinity Place and Rector Street.
Work is moving along on the observatory in One Vanderbilt, a 1,401-foot-tall commercial supertall in Midtown East and number four on our countdown of the tallest buildings under construction in the city. Designed by Kohn Pedersen Fox and developed by SL Green, the 77-story skyscraper occupies a full-block parcel immediately to the west of Grand Central Terminal. Though the $1.4 billion property has been officially open since its ribbon-cutting ceremony in mid September, the indoor-outdoor observatory dubbed The Summit isn’t due to welcome the public until October 2021.