SL Green Realty Corporation, Manhattan’s largest office landlord, recently announced the signing of a new 26,255-square-foot, ten-year lease with TD Bank at 125 Park Avenue in Midtown, Manhattan. The lease covers the entire eighth floor of the landmarked building. With this expansion, TD Bank now occupies a total of 130,057 square feet in the building, bringing 125 Park Avenue to 100 percent occupancy.
Exterior work is progressing on 2 Bushwick Avenue, a three-story commercial building in Williamsburg, Brooklyn. Designed by ROART for EMC2 Bushwick LLC, which purchased the parcel for $2.2 million in 2014, the 12,655-square-foot structure will yield two levels of retail space and one level of office space. The property was formerly occupied by a gas station at the corner of Bushwick and Metropolitan Avenues. REAL New York is marketing the commercial space.
Excavation and pilings are underway for Lirio, a nine-story all-affordable housing building at 364 West 54th Street in Hell’s Kitchen, Manhattan. Designed by CetraRuddy Architecture and developed by The Hudson Companies in collaboration with Housing Works, and supported by the New York City Department of Housing and Preservation and the Metropolitan Transit Authority (MTA), the structure will yield 112 permanently affordable units, nearly 30,000 square feet of office space for the MTA, and ground-floor retail space along Ninth Avenue. The property is alternately addressed as 806 Ninth Avenue and is situated at the intersection of Ninth Avenue and West 54th Street.
Construction is nearing completion on 1333 Broadway, a 22-story mixed-use building in Bushwick, Brooklyn. Designed by GF55 Architects and developed by Ekstein Development Group under the 1333 Broadway LLC, the 206-foot-tall structure will span 136,000 square feet and yield 115 rental units, with 30 thirty percent dedicated to affordable housing, as well as office space, a community facility, and ground-floor retail. The property is located on a rectangular parcel at the intersection of Broadway and Linden Street.
Demolition preparations are underway for a redesigned Louis Vuitton flagship store and office building at 1 East 57th Street in Midtown, Manhattan. Developed by parent company LVMH Moët Hennessy Louis Vuitton, which recently completed a similar renovation and expansion of the Tiffany & Co. flagship across 57th Street at 720 Fifth Avenue, the project could potentially increase the scope of Louis Vuitton’s 20-story structure to more than double its current size, from 91,060 to 230,000 square feet. The property is located at the corner of Fifth Avenue and East 57th Street along Billionaires’ Row.
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