Black shrouds and scaffolding have gone up over 1568 Broadway’s lower floors as crews begin the process of removing its Times Square-facing billboards and marquees. Meanwhile, workers are beginning to gut the interiors of the 470-foot-tall tower ahead of its imminent demolition. Built in 1990, the current DoubleTree hotel will eventually make way for a new 46-story DoubleTree Suites by Hilton. The proposed 550,000-square-foot development, which will be called TSX Broadway, will preserve of the 106-year-old Palace Theatre by raising it three stories up from the ground floor, making way for retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group. The site was previously purchased for $450 million.
Developer Kushner Real Estate Group has successfully secured $45 million in construction financing for a new residential community in Bayonne, New Jersey. The project, which broke ground in 2018, is known as Harbor Station North and will comprise three distinct buildings. Components within include 200 rental apartments, 10,000 square feet of retail, and associated parking.
Permits have been filed for a seven-story apartment building at 2724 Heath Avenue in University Heights, The Bronx. Located between West 193rd Street and West Kingsbridge Road, the lot is closest to the Marble Hill-225 Street subway station, serviced by the 1 train. Developer Stagg Group is listed as the owner behind the applications.
Permits have been filed for a 12-story apartment building at 1 Sullivan Place in Prospect Park, Brooklyn. Located between Washington Avenue and Franklin Avenue, the corner lot is five blocks north of the Prospect Park subway station, serviced by the B, Q, and S trains. Arthur Weiner under the 1 Sullivan Residences LLC is listed as the owner behind the applications.
A new rendering has been revealed for 1230 Madison Avenue, an upcoming 20-story building on the Upper East Side. Located on Carnegie Hill by the the southwestern corner of Madison Avenue and East 89th Street, the site is on the same block as the Solomon R. Guggenheim Museum and just six blocks away from the Metropolitan Museum of Art. The architectural language and style easily identifies it as the work of Robert A.M. Stern Architects.