415 Madison Avenue recently completed on-site demolition for an upcoming 40-story commercial skyscraper in Midtown East. Designed by Skidmore Owings & Merrill and owned by Rudin Management under the 415 Madison Avenue LLC, the 605-foot-tall replacement will yield a total of 343,100 square feet of new office space, a 350-square-foot ground-floor retail pavilion, and a 2,400-square-foot open-air public concourse. The ground-up project is being constructed in compliance with the East Midtown sub-district regulations, alongside the use of air rights that were previously purchased from the landmarked St. Bartholomew’s Church along Park Avenue. PAL Environmental Services served as the former general contractor but now AECOM Tishman is the new general contractor for the Midtown, Manhattan property, which is located at the corner of Madison Avenue and East 48th Street.
A project team led by Stony Brook University and Skidmore, Owings & Merrill has been selected to complete a $700 million climate research and education campus on Governors Island. Stony Brook University will anchor the 400,000-square-foot campus, known formally as The Center for Climate Solutions. The education and research hub will debut as New York Climate Exchange.
The affordable housing lottery has launched for 509 Third Avenue, a 36-story mixed-use building in Murray Hill, Manhattan. Designed by Ismael Leyva Architects and developed by Lalezarian Properties, the structure yields 229 residences. Available on NYC Housing Connect are 58 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $29,040 to $187,330.
Permits have been filed to expand a three-story structure into a four-story residential building at 1359 Nostrand Avenue in Flatbush, Brooklyn. Located between Lenox Road and Linden Boulevard, the lot is three blocks north of the Church Avenue subway station, serviced by the 2 and 5 trains. Solomon Schwimmer of Twin Group Associates Inc. is listed as the owner behind the applications.
Exterior work nears completion on 555 Greenwich, a 16-story commercial building in Hudson Square. Designed by COOKFOX Architects and developed by Hudson Square Properties, a joint venture by Trinity Church Wall Street, Hines, and Norges Bank Investment Management, the 270,000-square-foot structure connects to the adjacent 345 Hudson Street via a horizontal overbuild to yield a combined 715,000 square feet of office space. Tishman Construction is the general contractor for the property, which is bound by King Street to the north, Charlton Street to the south, and Greenwich Street to the west.