Permits have been filed for a 15-story mixed-use building at 24 Orchard Street on the Lower East Side of Manhattan. Located between Hester and Canal Streets, the interior lot is closest to the East Broadway subway station, serviced by the F train. French architect Christophe Rousselle is listed as the owner behind the applications.
Work continues to progress on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Midtown, Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the construction of a steel-framed structure atop the current eight-story building, which was partially demolished and is in the process of being excavated and gutted. The property takes up a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South, and sits directly adjacent to the 112-year-old Metropolitan Life Insurance Company Tower. The developers, which also include the National Pension Service of Korea and Hines, successfully acquired $1.25 billion in construction financing and are aiming to achieve both WELL and LEED Gold certification, as well as incorporating state-of-the-art HVAC and circulation systems to improve interior air quality and overall cleanliness. AECOM Tishman is serving as the general contractor.
Façade work is continuing to progress on The Fifth Avenue Hotel at 250 Fifth Avenue in NoMad. Designed by Perkins Eastman, PBDW Architects, and Martin Brudnizki Design Studio and developed by Flaneur Hospitality, the project involves the construction of a 230-foot-tall, 24-story reinforced concrete tower and the renovation and hotel conversion of a 116-year-old McKim, Mead & White-designed building. CNY Group is the general contractor for the project, which is being built at the corner of Fifth Avenue and West 28th Street.
SCALE Lending recently provided a $64 million financing package for developers to complete a new 14-story tower at 64 Centre Street in New Rochelle. From developer Allstate Ventures and Richard Bienenfeld Architect, the building will create 144 rental apartments in studio, one-, and two-bedroom floor plans. Additional components include 1,550 square feet of retail, on-site parking, and an unspecified suite of amenities.
Permits have been filed for a 12-story mixed-use building at 300 East 50th Street in Midtown East, Manhattan. Located at the intersection of Second Avenue and East 50th Street, the corner lot is closest to the Lexington Avenue/53rd Street subway station, serviced by the E, M, and 6 trains. Reggie Kronstadt, principal at Krown Point Capital, is listed as the owner behind the applications.
