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Aerial Rendering of proposed alterations and rooftop pavilion at 122 Fifth Avenue - Studios Architecture

122 Fifth Avenue’s Expansion Tops Out in Union Square, Manhattan

7:30 am on June 12, 2022 By Michael Young

YIMBY attended a topping-out ceremony for 122 Fifth Avenue, a 11-story commercial building expansion in Union Square. Designed by STUDIOS Architecture and developed by Bromley Companies, the 300,000-square-foot project involves the erection of a one-story steel-framed addition above the parapet of the landmarked building, as well as the construction of a reinforced concrete annex that will expand the property’s T-shaped footprint along West 17th Street. Microsoft has signed on as the anchor tenant for the office space, and athleisure company Allbirds will occupy the retail space. Omnibuld is the general contractor for the Midtown, Manhattan property.

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611 West 56th Street Wraps Up Construction in Hell’s Kitchen, Manhattan

7:30 am on May 27, 2022 By Michael Young

Exterior work is complete on 611 West 56th Street, a 35-story residential tower in Hell’s Kitchen. Designed by Portuguese architect Alvaro Siza with SLCE as the architect of record and developed by Sumaida + Khurana and LENY, the 450-foot-tall structure will yield 77 units with interiors designed by Gabellini Sheppard Associates. Homes come in one- to four-bedroom layouts, as well as duplex “maisonettes,” full-floor homes, and a grand penthouse. Corcoran Sunshine Marketing Group is handling sales and marketing for the property, which is alternately addressed as 823 Eleventh Avenue and is located at the corner of West 56th Street and Eleventh Avenue.

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Demolition Underway for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on May 25, 2022 By Michael Young

Demolition has begun at 550 Tenth Avenue, the site of a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot structure will yield 453 units, with 316 market-rate and 137 moderate- and middle-income homes, as well as 9,000 square feet of retail space and over 20,000 square feet of amenities. The building will also house 26,764 square feet of administrative office space for Covenant House. Wells Fargo and US Bank provided a $212 million construction loan and Lionheart Strategic Management assisted with $35 million in mezzanine financing for the project, which is located along Tenth Avenue between West 40th and 41st Streets.

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Google’s 2-Acre Rooftop Park Opens to the Public at Pier 57 in Chelsea, Manhattan

8:00 am on April 26, 2022 By Michael Young

New York City’s largest rooftop park opened to the public last week atop Pier 57 in Chelsea. Designed by Handel Architects and developed by RXR Realty, YoungWoo & Associates, Hudson River Park Trust, and The Baupost Group, the 2-acre space is part of a $410 million renovation to the 70-year-old structure in Hudson River Park and now features 350,000 square feet of office space with Google as the anchor tenant. The building will also feature 50,000 square feet of public-oriented amenities on the ground floor developed by Jamestown that include a food hall curated by the James Beard Foundation, community space with flexible layouts available for booking by local organizations, a public gathering place called the Living Room, and an outdoor screening space for the annual Tribeca Film Festival. Pier 57 formerly served as a shipping port and bus depot and is located at the intersection of West Street and West 15th Street.

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YIMBY’s 2022 Construction Report Reveals 45,019 New Residential and Hotel Unit Filings in New York City

8:00 am on April 4, 2022 By Vitali Ogorodnikov

After significant delays caused by the DOB’s abrupt shift to “Build Now” which temporarily left the Five Boroughs without a functional Department of Buildings Website in March of 2021, YIMBY’s 2022 construction report is in, and the results are positively encouraging. The annual report tracks and analyzes permits filed for new buildings in New York City over the course of the year 2021. The data shows that in 2021, builders throughout the city filed permits for 2,017 structures, ranging from single-car garages to towering skyscrapers. The figure represents a 14-percent increase compared to the 2020 total of 1,774 permits. The 2021 filings will boost the city’s built stock by 53,344,472 million square feet and yield a combined total of 45,019 residential and hotel units. The full report is available with a subscription to YIMBY’s Building Wire service.

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