Last week, Vornado Realty Trust, Turner Construction Company, and Skanska celebrated the topping out of the new eight-story expansion at PENN 2, a 31-story commercial tower at Two Penn Plaza in Midtown. Designed by MdeAS Architects, the cantilevering addition is part of a full-scale overhaul project involving the curtain wall replacement and modernization of the mid-century structure’s 1.61 million square feet of office space. The 412-foot-tall building is located along Seventh Avenue between West 31st and West 33rd Streets, and is part of the massive Penn District revitalization plan that will add ten new towers to the area surrounding Penn Station and Madison Square Garden in the coming years.
Construction has topped out on 20 East 110th Street, an eight-story mixed-use building in East Harlem, Manhattan. Designed by ARC Architecture Design Studio and developed by A&R Properties Group, the 80-foot-tall structure will yield 36,746 square feet with 25 rental units spread across 17,283 square feet, 7,000 square feet of community facility space, and 3,000 square feet of commercial space. SS Construction Experts is the general contractor for the property, which is alternately addressed as 1650 Madison Avenue and located at the corner of Madison Avenue and Tito Puente Way.
JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue.
Permits have been filed for a five-story mixed-use building at 434 Blake Avenue in Brownsville, Brooklyn. Located between Powell Street and Junius Street, the lot is near the Sutter Avenue subway station, serviced by the L train. Monsur Rahman of Win USA Properties LLC is listed as the owner behind the applications.
Construction is about to go vertical on 270 West 96th Street, a 23-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Fetner Properties, the 235-foot-tall structure will yield 171 rental units with 68 dedicated to affordable housing, and 8,961 square feet of community facility space. Urban Atelier Group is the general contractor for the property, which is located between West End Avenue and Broadway, and King Contracting Group will be in charge of placing the CMU, bricks, EIF’s cast stone and roofing.