Commercial

Norman Foster’s 425 Park Avenue Heads for 897-Foot Pinnacle Above Midtown East

Construction on 425 Park Avenue in Midtown is charging ahead toward completion, with the upper floors now taking shape. The 47-story, 897-foot-tall building is designed by Norman Foster, head of Foster + Partners, and is being developed by L&L Holding Company LLCAdamson Associates is the architect of record. The final major elements yet to be assembled are the three glass fins that will stand atop the flat roof parapet. This architectural detail will define the tower among the surrounding buildings, especially when illuminated at night.

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GDSNY’s 1241 Broadway Begins To Rise As Excavation Work Wraps, in NoMad

Work at the corner lot for 1241 Broadway in NoMad is seeing a lot of activity in preparation for a 22-story, SOM-designed commercial office building. Excavation on the perimeter of the site is finishing up, while work on the reinforced concrete foundations and core walls is happening simultaneously. This is a rapid change of pace since YIMBY last visited the Midtown location a couple months ago, when it was still quiet. The future 318-foot-tall, 170,000-square-foot tower is being developed by GDS Development and Sweden-based Klovern. Triton Construction is currently in charge of building the structure.

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Rendering of 4720 3rd Avenue in The Bronx - Marin Architects

New York YIMBY Reveals Exclusive New Renderings of 4720 3rd Avenue in The Bronx

Fresh renderings have surfaced for a new mixed-use development currently under construction in the Belmont neighborhood of The Bronx. In an exclusive reveal from New York YIMBY, the illustrations depict 4720 3rd Avenue as a vibrant new addition to the central Bronx community. When complete, the corner property will include a large commercial podium with residential area and terrace levels positioned above.

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5 World Trade Center, via YIMBY Reader

City Agencies Broker New Deal With Developers to Bring 5 WTC to Market

State agency The Port Authority and Lower Manhattan Development Group have agreed to issue a joint RFP and divide proceeds generated from the development of 5 World Trade Center. A lengthy dispute between the parties had prevented any progress on the final remaining site within the World Trade Center complex, though it still remains unclear what future property will rise from the parcel, which could yield a tower spanning over one million square feet.

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