Redevelopment of 22 Vanderbilt by Milstein Properties Nears Completion

8:00 am on August 17, 2023 By Vanessa Londono

The massive modernization and redevelopment of Class A office building 22 Vanderbilt is nearing its completion. Owned by Milstein Properties, the 1.1 million-square-foot Midtown tower with direct underground access to Grand Central Terminal, is receiving over 275,000 square feet of hospitality-driven amenity spaces and services designed by SHoP Architects. Formerly known as 335 Madison, 22 Vanderbilt is among the most sought-after office buildings in New York City due to its direct connections to transit hubs, upgraded building system, and expansive amenity package. Since its rebranding in early 2023, over 120,000 square feet of leases have been signed, including one of Midtown’s largest new leases in 2023 with global public relations firm Joele Frank.

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88 East 127th Street is Close to Wrapping Up in East Harlem, Manhattan

7:30 am on August 17, 2023 By Michael Young and Matt Pruznick

Construction is nearing the finish line on 88 East 127th Street, a 19-story residential building in East Harlem, Manhattan. Designed by GF55 Architects and developed and built by Artimus Construction, the 214-foot-tall structure will span 174,951 square feet and yield 160 rental units, with 40 reserved for affordable housing, as well as 15,657 square feet of commercial space. The project stands on a formerly vacant plot bound by Park Avenue, and East 126th and East 127th Streets.

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Housing Lottery Launches for The Grand Pacific Apartments in Crown Heights, Brooklyn

6:30 am on August 17, 2023 By Vanessa Londono

The affordable housing lottery has launched for The Grand Pacific Apartments, a nine-story mixed-use building at 985 Pacific Avenue in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by EMP Capital Group, the structure yields 69 residences. Available on NYC Housing Connect are 18 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $28,320 to $198,250.

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Earthwork Begins for 400-Room Hotel at 711 Seventh Avenue in Times Square, Manhattan

8:00 am on August 16, 2023 By Michael Young and Matt Pruznick

Site preparations are underway at 711 Seventh Avenue, the site of an upcoming 32-story hotel in Times Square. Designed by Gene Kaufman Architect and developed in a joint venture between Flintlock Construction and Atlas Hospitality, the 343-foot-tall structure will yield 400 rooms under IHG Hotel & Resorts’ voco brand. Capital Industries was the demolition contractor for the three low-rise former occupants of the property, which has been combined into an L-shaped parcel with frontage along Seventh Avenue and West 48th Street.

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