Construction is nearing completion on the Le Meridien Hotel, a 21-story mixed-use tower at 292 Fifth Avenue in NoMad. The 187-key hotel rises 21 stories tall on a plot between West 30th and West 31st Streets, and is designed by Gene Kaufman Architect and developed by McSam Hotel Group, which purchased the site for approximately $42.4 million in March 2017.
This spring, developers will launch sales at Wonder Lofts, a residential conversion project at a former Wonder Bread Factory in Hoboken, New Jersey. The property is located at 720 Clinton Street and houses 83 loft-style condominiums, 14,400 square feet of indoor and outdoor amenity spaces, and thoughtfully curated interior accents throughout.
The affordable housing lottery has launched for 948 and 954 Herkimer Street, two four-story residential buildings in Bedford-Stuyvesant, Brooklyn. The adjacent 6,128-square-foot developments were designed by Gerald J. Caliendo Architect, and each yield six units. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $133,120.
Exterior work is nearing completion on the 476-foot-tall Virgin Hotel at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 38-story tower will yield 300,000 square feet and 460 hotel rooms managed by Sir Richard Branson of Virgin Group. The property is located between West 29th Street and West 30th Street and will be the first Virgin Hotel establishment in New York City.
For nearly the past year since YIMBY first revealed renderings of SLCE Architects’ 115 East 55th Street, construction progress remained below street level and tucked behind construction fences and machinery for a while. Now a revisit to the Midtown East site shows that the 185-foot-tall residential project has quickly sprung up and is getting close to topping out. Developed by Zeckendorf Development, the ground-up 18-story, 62-unit, 71,961-square-foot edifice is situated directly adjacent to the back eastern elevation of Norman Foster’s 47-story, 660,000-square-foot 425 Park Avenue.