Construction is finished on 430 West Broadway, a seven-story commercial building in the Soho Cast Iron District. Designed by Morris Adjmi Architects and developed by New Soho Associates, the 40,000-square-foot project was approved by the Landmarks Preservation Commission in early 2019 and yields office space and both ground-floor retail and community facility spaces. The property is located between Prince and Spring Streets.
Employees have begun moving into the JPMorgan Chase Tower, the financial titan’s 1,389-foot-tall headquarters at 270 Park Avenue in Midtown East. Designed by Norman Foster of Foster + Partners and developed by Tishman Speyer, the 60-story supertall skyscraper yields 2.5 million square feet of office space with a capacity of 14,000 employees, and is the tallest structure in New York completely powered by hydroelectric energy. Adamson Associates was the architect of record and Gensler is the workplace designer for the $3 billion project, which occupies a full city block bounded by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.
Construction is nearing completion on 1 Wythe Avenue, a seven-story commercial building within the Greenpoint-Williamsburg Industrial Business Zone (IBZ) in Greenpoint, Brooklyn. Designed by StudiosC, the 97-foot-tall project structure spans 78,842 square feet. Of this total, approximately 41,000 square feet is devoted to light manufacturing on the cellar, first, and fourth floors. The remainder will be allotted for offices. The property is bounded by Banker Street, North 15th Street, and Wythe Avenue.
Vornado Realty Trust has announced an agreement to acquire the office condominium at 623 Fifth Avenue in Midtown, Manhattan for $218 million. Built in 1990, the 36-story, 382,500-square-foot tower sits above the Saks Fifth Avenue flagship store and was originally designed by Abramovitz Kingsland Schiff for the Swiss Bank. The building is currently 75 percent vacant and will be repositioned into a Class A boutique office building as part of Vornado’s broader Midtown portfolio. The property is located between East 49th and 50th Streets.
Exterior work is progressing on 305 Calyer Street, a six-story commercial building in Greenpoint, Brooklyn. Developed by Samuel Yakobowicz of Greenpoint Industrial Services Corp., the 72-foot-tall structure will yield five floors of office space and an automotive repair shop and car wash on the first story. The 52,000-square-foot property is located at the intersection of Calyer and Jewel Streets.
