Excavation Begins for Madison House’s Retail Podium at 126 Madison Avenue in NoMad, Manhattan

8:00 am on October 20, 2021 By Michael Young

Podium work is progressing for Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. Madison House has a footprint stretching between East 30th and 31st Streets and Madison Avenue. Madison House is currently more than 50 percent sold with over $300 million in sales, and occupancy is expected to begin this winter.

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Affordable Housing Lottery Launches for 302 East 2nd Street in East Village, Manhattan

7:00 am on October 20, 2021 By Vanessa Londono

The affordable housing lottery has launched for East Village Homes, a 14-story mixed-use building at 302 East 2nd Street in Manhattan’s East Village. Designed by Leroy Street Studio Architecture and developed by New York City Department of Housing Preservation and Development, the structure yields 44 residences. Available on NYC Housing Connect are 36 units for residents at 50 to 140 percent of the area median income (AMI), ranging in eligible income from $32,229 to $180,460.

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Virgin Hotel Nears Completion at 1225 Broadway in NoMad, Manhattan

8:00 am on October 19, 2021 By Michael Young

Construction is wrapping up on the Virgin Hotel, a 38-story tower at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 476-foot-tall, 300,000-square-foot structure will yield 460 hotel rooms managed by Sir Richard Branson of Virgin Group. Flintlock Construction Systems, LLC is the general contractor for the building, which is bound by Broadway, West 29th Street, and West 30th Street.

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