Office

550 Tenth Avenue Tops Out in Hell’s Kitchen, Manhattan

8:00 am on December 17, 2023 By Michael Young and Matt Pruznick

At number 15 on our year-end countdown of the tallest buildings under construction in New York is 550 Tenth Avenue, a 520-foot-tall residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 47-story structure will span 430,000 square feet and yield 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

Office space at Industry City, courtesy of BerlinRosen

Four New Companies Sign Leases at Industry City In Sunset Park, Brooklyn

7:30 am on December 15, 2023 By Max Gillespie

Industry City, a 35-acre mixed-use complex along the Sunset Park waterfront in Brooklyn, has announced four new lease signings. Kinolime, Dowbuilt, Prudential Insurance, and KYHA Studios will occupy a combined 15,282 square feet through Industry City’s flexible leasing policy, which allows tenants to secure additional space if needed in the future.

The Alloy Block’s 505 State Street Approaches Completion in Downtown Brooklyn

8:00 am on December 13, 2023 By Michael Young and Matt Pruznick

At number 19 on our year-end countdown of the tallest buildings under construction in New York is 505 State Street, a 482-foot-tall residential tower in The Alloy Block complex in Downtown Brooklyn. Designed and developed by Alloy Development, the 44-story structure will yield 441 rental units, with 45 reserved for affordable housing, and will be fully powered by electricity. The five-building Alloy Block master plan will comprise a total of 850 units with 200 permanently affordable apartments, 100,000 square feet of Class A office space, 50,000 square feet of retail space, 500 bicycle parking spaces, two Passive House public schools designed by Architecture Research Office, and space for a local cultural institution. Urban Atelier Group is the general contractor for 505 State Street, which was formerly addressed as 100 Flatbush Avenue and is bound by Flatbush Avenue to the northeast, Third Avenue to the northwest, and State Street to the southwest.

MarcumAsia to Expand Headquarters At 7 Penn Plaza In Chelsea, Manhattan

7:00 am on December 12, 2023 By Max Gillespie

The Feil Organization has announced that multinational accounting and consulting services firm Marcum Asia CPAs LLP is expanding its headquarters at 7 Penn Plaza, an 18-story commercial building at 370 Seventh Avenue in Chelsea. The firm will add 8,851 square feet of office space to its existing footprint, bringing its total occupancy to 14,870 square feet on the eighth floor for the next decade.

Foundations Underway For Rolex Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on December 11, 2023 By Michael Young and Matt Pruznick

At number 21 on our annual year-end construction countdown is the Rolex headquarters, a 469-foot-tall commercial building at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. Pavarini McGovern is the general contractor for the property, which is located at the corner of Fifth Avenue and East 53rd Street.

Birds-eye rendering of Claremont Hall at 100 Claremont Avenue

RAMSA’s Claremont Hall Wraps Up Construction in Morningside Heights, Manhattan

8:00 am on December 10, 2023 By Michael Young and Matt Pruznick

The 22nd-tallest building on our annual year-end countdown is Claremont Hall, a 466-foot-tall mixed-use tower currently completing construction at 100 Claremont Avenue in Morningside Heights, Manhattan. Designed by Robert A.M. Stern Architects along with SLCE Architects and interior designer CetraRuddy Architects, and developed by Lendlease, Daiwa House Texas, and LMXD, the 41-story structure spans 354,000 square feet and yields 165 condominium units in one- to four-bedroom layouts, as well as classrooms, office space, and faculty housing for Union Theological Seminary. The project also involves renovations to the school’s Hastings Hall by Beyer Blinder Belle. Corcoran Sunshine Marketing Group is leading sales and marketing and Lendlease is the general contractor for the property, which is located by the corner of Claremont Avenue and West 122nd Street.

"Constellations" Exhibit, by Alan Schindler Photography

‘Constellations’ Art Installation Unveiled at 425 Park Avenue in Midtown, Manhattan

7:00 am on December 9, 2023 By Max Gillespie

L&L Holding Company, in collaboration with renowned artist Anthony James and SPACE2CURATE, have unveiled “Constellations,” a sculpture installation at 425 Park Avenue in Midtown East, Manhattan. Visible from Park Avenue and 55th Street, the work occupies a 5,000-square-foot glass-enclosed gallery at the southeast corner of the 897-foot-tall commercial skyscraper from Foster + Partners.

30-Story Medical Office Tower Continues Ascent at 1522 First Avenue On Manhattan’s Upper East Side

8:00 am on December 6, 2023 By Michael Young and Matt Pruznick

The 26th-tallest building on our annual year-end construction countdown is 1522 First Avenue, a 30-story medical office building rising in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell Development Company, the 449-foot-tall structure will yield 400,000 square feet of Class A office space and retail space on the ground floor and cellar levels. The Hospital for Special Surgery will serve as the anchor tenant, occupying 200,000 square feet across the first eight stories of the building. Ancora Engineering is the engineer of record and Lendlease is the general contractor for the project, which is alternately addressed as 403 East 79th Street and located between East 79th and 80th Streets.

Payoneer to Relocate Headquarters to 195 Broadway in Financial District, Manhattan

7:30 am on December 6, 2023 By Max Gillespie

Financial technology firm Payoneer has finalized a ten-year lease agreement to move its headquarters to 195 Broadway in Manhattan’s Financial District. The company will occupy a 42,000-square-foot space spanning the entire 27th floor of the historic 29-story Neoclassical building starting in spring of 2024. This relocation marks one of the more significant office relocations from Midtown to Lower Manhattan this year.

125 West 57th Street Continues to Ascend in Midtown, Manhattan

8:00 am on December 4, 2023 By Michael Young and Matt Pruznick

The 28th-tallest building on our annual year-end construction countdown is 125 West 57th Street, a 26-story commercial building currently rising along Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will yield 260,000 square feet with 185,000 square feet of Class A office space, 7,000 square feet of retail space, and an updated home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the land to the developers in 2017 for $150 million. Leading Builders Group is the general contractor for the property, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

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