Office

One Madison Avenue’s Renovation and Expansion Project Ramps Up in the Flatiron District, Manhattan

8:00 am on January 17, 2021 By Michael Young

Construction activity is underway at One Madison Avenue in the Flatiron District, where the 13-story full-block structure is being renovated and expanded with a new 18-story addition. Designed by Kohn Pedersen Fox and developed by SL Green, the project will stand 27 stories and yield 1.4 million square feet of Class A office space. Helping to develop and finance One Madison Avenue’s future are the National Pension Service of Korea and Hines, contributing a grand total of $1.25 billion in construction financing. The property is bound by East 23rd Street to the south, Madison Avenue and Madison Square Park to the west, East 24th Street to the north, and Park Avenue South to the east.

Rendering of the new Penn Station - Office of Governor Andrew M Cuomo

Governor Andrew Cuomo Announces 2021 Agenda to Improve New York State Infrastructure

8:00 am on January 16, 2021 By Sebastian Morris

Governor Andrew Cuomo this week unveiled a multi-billion dollar initiative to revitalize and rebuild infrastructure across New York State. Entitled “Reimagine | Rebuild | Renew,” the 2021 agenda is touted as the largest state infrastructure plan in the country and sets in motion the improvement of state roadways, public transportation, airports, and large swaths of Midtown, Manhattan.

28 & 7’s Exterior Taking Shape at 322-326 Seventh Avenue in Chelsea, Manhattan

8:00 am on January 15, 2021 By Michael Young

Exterior work is progressing on 28 & 7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Klövern AB and GDSNY, the structure will yield 105,000 square feet of commercial space leased by CBRE. Triton Construction is the general contractor for the project, which is located at the corner of Seventh Avenue and West 28th Street.

Updated rendering of 27 East 4th Street - BKSK Architects

Updated Renderings Reveal a New Six-Story Building at 27 East 4th Street in NoHo, Manhattan

7:30 am on January 15, 2021 By Sebastian Morris

The Landmarks Preservation Commission (LPC) is currently reviewing updated proposals to construct a new six-story commercial building in Manhattan’s NoHo Historic District. Located at 27 East 4th Street, the existing site is currently occupied by a single-story garage that would be demolished.

Rendering of 425 Summit Avenue - Marchetto Higgins Stieve

Jersey City Planning Board Approves 26-Story Mixed-Use Tower at 425 Summit Avenue

7:30 am on January 14, 2021 By Sebastian Morris

A new 26-story tower in Journal Square could soon begin construction following approvals from the Jersey City Planning Board. The tower will occupy a large T-shaped parcel of land at 415-435 Summit Avenue. The project will eventually debut as 425 Summit Avenue.

Rendering of 121 West 125th Street - Beyer Blinder Belle

Trader Joe’s Reveals New Store at 121 West 125th Street in Harlem, Manhattan

7:30 am on January 13, 2021 By Sebastian Morris

Trader Joe’s will soon open a new grocery store in Harlem, the chain’s first location in Upper Manhattan. The store will occupy 28,000 square feet of ground-floor space of the forthcoming Urban League Empowerment Center at 121 West 125th Street.

One Essex Crossing. Rendering by VMI Studio

One Essex Crossing Launches Sales On The Lower East Side of Manhattan

8:00 am on January 12, 2021 By Michael Young

Today, One Essex Crossing is officially launching sales, and YIMBY has an exclusive reveal of a slew of renderings for the project, for which occupancy is anticipated later this year. Located on Manhattan’s Lower East Side, the 14-story full-block development is designed by CetraRuddy and developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Partners, the Prusik Group, and Goldman Sachs Urban Investment Group. The site is bounded by Delancey Street to the north, Suffolk Street to the east, Broome Street to the south, and Norfolk Street to the west, and is one of several addresses in the Essex Crossing master plan that’s spread across six acres and a total of nine buildings. Corcoran Sunshine Marketing Group is handling sales for One Essex Crossing with prices ranging from $890,000 for a studio, to $6,689,000 for a duplex penthouse.

Two-Building Complex ‘The Hive’ Reaches Completion at 300 West 43rd Street in Midtown, Manhattan

7:30 am on January 9, 2021 By Michael Young

Work is now complete on The Hive, a two-building complex along Eighth Avenue between West 42nd Street and West 43rd Street in Midtown. Developed by KRW Realty Advisors and managed by Hive Management LLC, the property consists of a 13-story L-shaped building at 303 West 42nd Street, aka Hive 42, and a six-story structure at 300 West 43rd Street, aka Hive 43. Gertler & Wente Architects led the design of the renovated interiors, which include office space as well as ground-floor retail.

Rendering of new residential towers at 250 Water Street - Skidmore, Owings & Merrill (SOM); Howard Hughes Corporation

LPC Reviews Howard Hughes’ Proposals for 250 Water Street in the Financial District, Manhattan

7:30 am on January 5, 2021 By Sebastian Morris

The Landmarks Preservation Commission (LPC) is now reviewing proposals from Howard Hughes Corporation to construct a new pair of high-rise towers at 250 Water Street and a multi-phase expansion of the South Street Seaport Museum in Manhattan’s Financial District. The developer has selected Skidmore, Owings & Merrill as lead architect with supporting design services from JHPA and historic preservation experts Higgins Quasebarth & Partners.

Nuvance Health Systems Inks 220,000-Square-Foot Lease at The Summit in Danbury, Connecticut

7:30 am on January 2, 2021 By Sebastian Morris

Nuvance Health Systems recently secured a 220,000-square-foot office suite at The Summit in Danbury, a deal that ranks as the largest office lease this year for the State of Connecticut. The lease with Nuvance, formerly Western Connecticut Medical, is for 12 years and includes an option to expand up to 300,000 square feet.

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