Last week, The Perelman Center received $89 million in funding for the construction of the future Performing Arts Center at the World Trade Center. The funds came from the Lower Manhattan Development Corporation (LMDC), and the U.S. Department of Housing and Urban Development (HUD), and up the total amount of construction costs now covered to 82 percent. The building will be designed by REX Architecture, and will rise 138 feet tall. The inside will be constructed with a steel structural system. It will hold multiple theaters and performance spaces within, while the exterior will be faced in a signature marble envelope on all four sides.
Manhattan’s iconic MetLife Building will soon undergo a major renovation of ground floor lobby areas, including the reinstatement of a long-shuttered connection to Grand Central Terminal. Tishman Speyer, the building’s current owner, has commissioned MdeAs Architect to reimagine the space.
New construction permits have been filed for a 10-story commercial building at 118 10th Avenue, in Chelsea, Manhattan. Located between 17th and 18th Streets on the far West Side, the site is close to the West Side Highway, as well as the High Line. Brandon Klein of the Real Estate Executive Council is listed as the owner behind the applications.
125 Greenwich Street shot up with great speed in 2018, and is the 16th-tallest skyscraper under construction in New York City. Now, it has only a few floors remaining before its 912-foot pinnacle is reached above the Financial District. The 88-story tower is being designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, while the marketing of the 273 residential units is being handled by Douglas Elliman. Interiors are being designed by March & White.
One of Brooklyn’s largest new developments has been proposed along Flatbush Avenue, at 625 Fulton Street, which could rise 941 feet to its rooftop. The site is a large trapezoidal piece of land just steps away from JDS Development’s 9 DeKalb Avenue. A major rezoning plan has been put forth that could potentially bring close to 1,800,000 gross square feet of mixed-use development to the nearly 89,000 square foot property, measuring about two acres in size. The site is bounded by Fulton Street to the south, Hudson Avenue to the west, DeKalb Avenue to the north, and Rockwell Place to the east.