New York YIMBY

Rolex USA Headquarters Rises Above Street Level at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on July 8, 2024 By Michael Young

Construction is rising on 665 Fifth Avenue, a 469-foot-tall commercial building that will house the US headquarters for Rolex in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. The property is located at the corner of Fifth Avenue and East 53rd Street.

Demolition Is Complete At 201 East 23rd Street in Kips Bay, Manhattan

7:30 am on July 8, 2024 By Michael Young and Matt Pruznick

Demolition work has concluded at 201 East 23rd Street, the site of a 19-story residential building in Kips Bay, Manhattan. Developed by Naftali Group, which acquired the property in a 99-year ground lease for $21.5 million last September, the 210-foot-tall structure will span 111,000 square feet and yield 69 units, likely condominiums, as well as ground-floor retail space. The property is alternately addressed as 301 Third Avenue and is situated at the intersection of Third Avenue and East 23rd Street.

New Rendering Revealed for The Dupont at 16 Dupont Street on Greenpoint’s Waterfront

7:00 am on July 8, 2024 By Vanessa Londono

New renderings have been unveiled for The Dupont, a new residential tower under construction on the Greenpoint waterfront. Located at 16 Dupont Street, the 41-story building is being developed by Rockefeller Group in a joint venture partnership with Park Tower Group and designed by Gerner Kronick + Valcarcel, with interiors created by Workstead. Compass Development Marketing Group is the exclusive marketing and leasing partner.

Classic Car Club Signs 60,000-Square-Foot Lease At 645 11th Avenue In Hell’s Kitchen, Manhattan

6:30 am on July 8, 2024 By Max Gillespie

Avison Young recently arranged a 20-year deal to relocate the Classic Car Club, a private automotive club in Manhattan, to 645 11th Avenue in Hell’s Kitchen, Manhattan. The new space, which will be the organization’s new flagship clubhouse, will span more than 60,000 square feet across four floors and the roof of the historic former automotive dealership.

The Borden Complex Nears Completion at 23-30 Borden Avenue in Long Island City, Queens

8:00 am on July 7, 2024 By Michael Young

Construction is nearing completion on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. The development is located on a large parcel between Borden Avenue and Newton Creek.

Demolition Wraps Up at 1710 Broadway in Midtown, Manhattan

7:30 am on July 7, 2024 By Michael Young and Matt Pruznick

Demolition is finishing up at 1710 Broadway, the site of a proposed 54-story, 673-unit hotel in Midtown, Manhattan. The project is being developed by Riu Hotels and Resorts, which purchased the parcel from Extell Development for $173 million in 2023 after the latter had acquired 360,000 of air rights for the property shortly before purchasing it for $268 million in 2017. The site has 129 feet of street frontage and is located at the corner of Broadway and West 54th Street.

1 Wall Street Banking Room Interior Designated a Landmark in Financial District, Manhattan

7:00 am on July 7, 2024 By Max Gillespie

The New York City Landmarks Preservation Commission has unanimously voted to designate the 1 Wall Street Banking Room Interior, also known as the Red Room, as a landmark in Manhattan’s Financial District. Completed in 1931, this unique and elaborately tiled space served as a reception room and banking hall for the Irving Trust and Bank Company. The Red Room represents the work of architect Ralph Walker and muralist Hildreth Meière.

Permits Filed for 257 Bainbridge Street in Stuyvesant Heights, Brooklyn

6:30 am on July 7, 2024 By Vanessa Londono

Permits have been filed for a seven-story residential building at 257 Bainbridge Street in Stuyvesant Heights, Brooklyn. Located between Malcolm X Boulevard and Patchen Avenue, the lot is near Utica Avenue subway station, serviced by the A and C trains. Charles Wurzberger of Candor Capital One is listed as the owner behind the applications.

Construction Progresses on Two-Tower Complex at 1 Java Street in Greenpoint, Brooklyn

8:00 am on July 6, 2024 By Michael Young and Matt Pruznick

Construction is continuing on 1 Java Street, a two-tower residential complex along the East River in Greenpoint, Brooklyn. Designed by Marvel Designs and developed and built by Lendlease, the project will yield 834 rental units across the two structures, the taller of which will stand 37 stories and 402 feet tall. Aware Super is the joint developer, INC Architecture & Design is the interior designer for the public areas, and Crème is the interior designer for the townhouse units at the complex, which is alternately addressed as 18 India Street and occupies a full block bound by India Street to the north, Java Street to the south, West Street to the east, and the India Street pier over the East River to the west.

Photograph of 51W52, by Colin Miller Photos

144,312-Square-Foot Lease Renewal Signed At 51 West 52nd Street In Midtown East, Manhattan

7:30 am on July 6, 2024 By Max Gillespie

International law firm Orrick, Herrington & Sutcliffe has renewed its lease at 51W52, also known as Black Rock, a 900,000-square-foot, 38-story building located at 51 West 52nd Street in Midtown, Manhattan. The firm will continue to occupy 144,312 square feet on floors 17 and 20 through 24 for the next 15 years. The building, originally designed by architect Eero Saarinen as the headquarters of CBS, recently underwent a $128 million renovation led by the building’s owner, HGI.

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