Excavation has begun at 150 West 48th Street in Midtown, site of 974-room hotel designed by Gene Kaufman Architect. The 330-foot-tall, 34-story project is being developed by Sam Chang of McSam Hotel Group, who purchased the lot for $140 million from Rockefeller Group in early 2019 and secured a $250 million construction loan. Rooms will occupy a total of 300,216 square feet, for an average of 308 square feet apiece.
Over the past several years, Investmates and INOA Architecture have forged a fruitful partnership to construct a number of design-forward condominium properties in Williamsburg and Greenpoint, Brooklyn. One of their more recent projects, a trio of townhomes, arrives at 74-76 South 2nd Street in Williamsburg, Brooklyn where construction has already kicked off.
Permits have been filed for a ten-story hotel building at 290 East 150th Street in Melrose, The Bronx. Located between Morris Avenue and Courtlandt Avenue, the through lot is two blocks west of the Third Avenue-149th Street subway station, serviced by the 2 and 5 trains. Kaushik Patel under the Melrose Hotel LLC is listed as the owner behind the applications.
Glass paneling is steadily enclosing the tiered crown of Kohn Pedersen Fox’s One Vanderbilt as the supertall inches closer to completion. Developed by SL Green, the 77-story, 1,401-foot-tall commercial office tower is by far the largest construction project underway in Midtown East and is among the most prominent new additions to the New York skyline.
Construction is approaching the final floors at 249 East 50th Street, a 151-foot-tall residential building in Midtown East. The 15-story structure is designed by Issac and Stern and developed by Tun Kyaw, who purchased the land for $17 million.