Commercial

One Madison Avenue’s Tower Expansion Begins Steel Assembly in Flatiron District, Manhattan

8:00 am on September 20, 2022 By Michael Young

Construction is rising on One Madison Avenue, a 27-story commercial expansion in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the National Pension Service of Korea, and Hines, the project involves the gut renovation and expansion of a former eight-story structure and will yield 1.4 million square feet of office space. AECOM Tishman is the general contractor for the property, which occupies a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South.

View of One Vanderbilt - Photo by Michael Young

Jōji Debuts Beneath One Vanderbilt and Grand Central Terminal in Midtown East, Manhattan

7:00 am on September 20, 2022 By Sebastian Morris

SL Green has debuted Jōji, a speakeasy meets Omakase-style restaurant beneath supertall office tower One Vanderbilt in Midtown East, Manhattan. The eatery is hidden beneath the tower in a secluded section of Grand Central Terminal and features a minimalist design in stark contrast with the buzzing transportation hub just feet above.

PENN 2’s Eight-Story Addition Tops Out at 2 Penn Plaza in Midtown, Manhattan

8:00 am on September 19, 2022 By Michael Young

Last week, Vornado Realty Trust, Turner Construction Company, and Skanska celebrated the topping out of the new eight-story expansion at PENN 2, a 31-story commercial tower at Two Penn Plaza in Midtown. Designed by MdeAS Architects, the cantilevering addition is part of a full-scale overhaul project involving the curtain wall replacement and modernization of the mid-century structure’s 1.61 million square feet of office space. The 412-foot-tall building is located along Seventh Avenue between West 31st and West 33rd Streets, and is part of the massive Penn District revitalization plan that will add ten new towers to the area surrounding Penn Station and Madison Square Garden in the coming years.

20 East 110th Street Tops Out in East Harlem, Manhattan

7:30 am on September 19, 2022 By Michael Young

Construction has topped out on 20 East 110th Street, an eight-story mixed-use building in East Harlem, Manhattan. Designed by ARC Architecture Design Studio and developed by A&R Properties Group, the 80-foot-tall structure will yield 36,746 square feet with 25 rental units spread across 17,283 square feet, 7,000 square feet of community facility space, and 3,000 square feet of commercial space. SS Construction Experts is the general contractor for the property, which is alternately addressed as 1650 Madison Avenue and located at the corner of Madison Avenue and Tito Puente Way.

Aerial rendering of 540 DeGraw Street - Handel Architects

Developers Close on $140M Loan to Complete Majestic at 540 DeGraw Street in Gowanus, Brooklyn

7:00 am on September 19, 2022 By Sebastian Morris

JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue.

Updated rendering of proposed property at 14th Street and Ninth Avenue - BKSK Architects

44-54 Ninth Avenue’s Vertical Expansion and Renovation Progresses in Chelsea, Manhattan

7:30 am on September 18, 2022 By Michael Young

Construction is progressing on 44-54 Ninth Avenue, an eight-story commercial expansion project above a row of landmarked townhomes on the border of Chelsea, the Meatpacking District, and the West Village. Designed by BKSK Architects and developed by Tavros Capital, the new structure will stand 102 feet tall and yield offices and ground-floor retail space. Mepa Realty is the owner and Broadway Construction is the general contractor for the property, which is alternatively addressed as 351-355 West 14th Street and is located at the corner of Ninth Avenue and West 14th Street.

Affordable Housing Lottery Launches for Linden Terrace II in East New York, Brooklyn

6:30 am on September 18, 2022 By Vanessa Londono

The affordable housing lottery has launched for Linden Terrace II, an eight-story mixed-use building at 573 Emerald Street in East New York, Brooklyn. Designed by Magnusson Architecture and Planning and developed by Radson Development, the structure yields 160 residences. Available on NYC Housing Connect are 129 units for residents at 30 to 70 percent of the area median income (AMI), ranging in eligible income from $16,183 to $115,850.

96+Broadway Nears Completion at 2551 Broadway, On Manhattan’s Upper West Side

8:00 am on September 17, 2022 By Michael Young

Exterior work is nearing completion on 96+Broadway, a 22-story residential building at 2551-2555 Broadway on Manhattan’s Upper West Side. Designed by Thomas Juul-Hansen with Stephen B. Jacobs Group as the architect of record and developed by Paragon JV Properties III, the 276,578-square-foot structure will yield 130 residences averaging 1,660 square feet apiece as well as 9,080 square feet of ground-floor retail space. Leeding Builders Group is the general contractor for the property, which is located at the corner of Broadway and West 96th Street, directly adjacent to the 96th Street subway station servicing the 1, 2, and 3 trains.

Rendering of 50 Sussex Avenue - INOA Architecture

Construction Underway at 50 Sussex Avenue in Newark, New Jersey

7:30 am on September 17, 2022 By Sebastian Morris

Construction has broken ground at 50 Sussex Avenue, a forthcoming rental property in Downtown Newark, New Jersey. From developers Tona Development and KS Group, the 203-unit property will top out at 150 feet or 15 stories above ground.

The Rockwell Nears Topping Out at 2686 Broadway on Manhattan’s Upper West Side

8:00 am on September 16, 2022 By Michael Young

Construction is nearing topping out on The Rockwell, a 13-story residential building at 2686 Broadway on Manhattan’s Upper West Side. Designed by Hill West Architects and developed by Toll Brothers, which is also serving as the general contractor, and Sculptor under the 2686-2690 Broadway LLC, the structure will yield 81 condominium units in studio to three-bedroom layouts as well as ground-floor commercial retail space to be occupied by a CVS Pharmacy. The property is located at the corner of West 103rd Street and Broadway.

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