Commercial

1 Park Row Nears Halfway Mark in Financial District, Manhattan

Construction is nearing the halfway mark at 1 Park Row, a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street.

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Evening rendering of 466 Flushing Avenue - Fischer+Makooi Architects; KFA

Renderings Reveal Nine-Story Mixed-Use Building at 466 Flushing Avenue in Brooklyn

Renderings from Fischer + Makooi Architects offer a first look at 466 Flushing Avenue, a nine-story mixed-use development taking shape on the border of South Williamsburg and Bedford-Stuyvesant, Brooklyn. Led by Brooklyn-based real estate company The W Group, the building will comprise a mix of community facilities, manufacturing space, and commercial area, with a total yield of 90,000 square feet.

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27 Park Place’s Renovation Nears Completion in Tribeca, Manhattan

Renovation work is nearing completion on 27 Park Place, a five-story commercial building in Tribeca. Designed by Michael Schmitt Architect PC, the project involves a full interior and exterior refurbishment following a six-alarm fire that heavily damaged the structure in 2017. Empire State Development is the general contractor for the property, which is bound by Murray Street to the north, Park Place to the south, and Church Street to the west.

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Construction now underway at 601 Midland Avenue (LoopNet)

New York Blood Center Breaks Ground on Commercial Campus in Westchester County

New York Blood Center Enterprises will soon open its first vertical campus in Westchester County, New York, where construction broke ground this month. Located at 601 Midland Avenue in Rye, the existing building will be gutted and transformed to accommodate state-of-the-art life sciences research space, blood collections tools, and cell therapy manufacturing facilities.

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Demolition Nears Completion for PENN15 Supertall at 15 Penn Plaza in Midtown, Manhattan

Demolition is progressing toward street level on the Hotel Pennsylvania, which is being razed to make way for PENN15, a 1,200-foot commercial supertall at 15 Penn Plaza in MidtownManhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 56-story skyscraper will yield 2.7 million square feet of office space and will stand as the centerpiece of the massive 7.4-million-square-foot Penn District master plan. Northstar Contracting Group is the demolition contractor for the Hotel Pennsylvania, which is located along Seventh Avenue between West 32nd and 33rd Streets.

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