Commercial

1162 Broadway Nears Topping Out in NoMad, Manhattan

Construction is approaching topping out on 1162 Broadway, a 13-story commercial building in NoMad. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, the 185-foot-tall structure will yield Class A office space within the Madison Square North Historic District. Plans for the project were initially approved by the Landmarks Preservation Commission (LPC) in late spring of 2020. Permits filed in December 2013 originally called for a hotel under the ownership of Aini Assets rising 14 stories with 52 guest rooms, a ground-floor cafe, and a restaurant. On Star Management LLC is the general contractor for the address, which is located between West 27th and West 28th Streets.

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Façade Installation Wrapping Up for 1,046-Room Hilton Hotel at 150 West 48th Street in Times Square, Manhattan

Construction is wrapping up on 150 West 48th Street, a 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 418-foot-tall, 320,000-square-foot structure will yield 1,046 hotel rooms across a Hampton Inn, a Home 2 Suites, and a Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown, Manhattan site from Rockefeller Group in early 2019 at a cost of $140 million and received a $250 million loan before construction broke ground in 2020. Omnibuild is in charge of erecting the tower, which is located by the corner of West 48th Street and Seventh Avenue.

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Exterior rendering of LX57 at 695 Lexington Avenue - Gensler; ABS Partners

ABS Partners Real Estate, Gensler Reveal LX57 Office Tower at 695 Lexington Avenue in Sutton Place, Manhattan

ABS Partners Real Estate has completed a $50 million renovation of LX57, a 20-story office tower at 695 Lexington Avenue in Sutton Place, Manhattan. Led by Gensler‘s design studio, the project entailed a full restoration on the building’s façade, modernization of the commercial lobby, new signage at the ground floor, window upgrades, LED lighting, and contemporary pre-built office suites. The property is located at the corner of Lexington Avenue and 57th Street.

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