Façade Reaches Pinnacle of JPMorgan Chase Headquarters at 270 Park Avenue in Midtown East, Manhattan

8:00 am on August 26, 2024 By Michael Young and Matt Pruznick

Façade installation has reached the roof parapet of JPMorgan Chase’s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamson Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. The property occupies a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

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31-48 Crescent Street Tops Out in Astoria, Queens

7:30 am on August 26, 2024 By Michael Young and Matt Pruznick

Construction is topped out on 31-48 Crescent Street, a seven-story residential building in Astoria, Queens. Designed by C3D Architecture and developed by Crescent Properties Development LLC, the structure will span 39,613 square feet and yield 25 rental units and accompanying amenities spread over 22,000 square feet. The property is located on an interior lot between 31st Road and 31st Drive.

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Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Issues Executive Order To Review City-Owned Land For Potential Housing Development

7:00 am on August 26, 2024 By Max Gillespie

New York City Mayor Eric Adams has announced the issuance of executive order 43, which requires city agencies to review their city-owned and controlled land for potential housing development sites. The executive order, which builds off the goals of the “City of Yes for Housing Opportunity” proposal, aims to support the Adams administration’s goal of building 500,000 new homes by 2032 to address the city’s affordable housing shortage.

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Demolition Wraps Up For Manhattan Detention Complex At 124-125 White Street In Chinatown, Manhattan

8:00 am on August 25, 2024 By Michael Young and Matt Pruznick

Demolition is finishing up at 124-125 White Street, the site of the Manhattan Detention Complex (MDC) in Chinatown, Manhattan. Led by design-build organization Gramercy Group Inc., the $2.13 billion project will replace the aging detention center known as “The Tombs” with a 15- to 17-story facility standing 295 feet tall and spanning 1.25 million square feet. The property is bound by Walker Street to the north, the Manhattan Criminal Court Building to the south, Baxter Street to the east, and Centre Street to the west. The demolition process is slated to cost $125 million.

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