Office

Lumen LIC’s Exterior Nears Completion at 23-15 44th Road in Long Island City, Queens

8:00 am on July 8, 2025 By Michael Young and Matt Pruznick

Exterior work is reaching the final stages on Lumen LIC, a 66-story residential skyscraper at 23-15 44th Road in Long Island City, Queens. Designed by Hill West Architects and developed by FSA Capital, the 754-foot-tall structure spans 855,400 square feet and yields 938 rental units with an average scope of 910 square feet. The project will also include lower-level office space and 17,400 square feet of ground-floor retail. The residential inventory is planned to include 282 affordable housing units. The property is alternately addressed as 43-30 24th Street and located along 44th Road between 23rd and 24th Streets.

Photograph of 300 Park Avenue. Courtesy of Tishman Speyer

Refinancing Completed For 300 Park Avenue In Midtown, Manhattan

7:00 am on July 8, 2025 By Max Gillespie

Tishman Speyer has completed a $385 million refinancing of 300 Park Avenue, a 25-story Class A office tower located in Midtown, Manhattan. The financing package includes a $330 million CMBS loan arranged by JPMorgan Chase, with Deutsche Bank Securities and Morgan Stanley participating as co-lenders. An additional $55 million in mezzanine financing was secured from Macquarie Capital Principal Finance. The refinancing proceeds will retire the building’s existing loan.

383 Madison Avenue. Rendering courtesy of JPMorgan.

Renderings Reveal 383 Madison Avenue Overhaul in Midtown East, Manhattan

8:00 am on July 6, 2025 By Michael Young and Matt Pruznick

Renderings have been revealed for the upcoming redevelopment for 383 Madison Avenue, a 47-story office skyscraper in Midtown East, Manhattan. The design firms working on the building revamp include Foster + Partners, Gensler, and Skidmore, Owings & Merrill. The 755-foot-tall structure was originally designed by SOM and spans 1.2 million square feet of office space with the banking investment division of JPMorgan Chase as the principal tenant. The property is bounded by Madison and Vanderbilt Avenues and East 46th and East 47th Streets.

70 Hudson Yards. Photo by Michael Young.

Excavation Underway for 47-Story Office Skyscraper at 70 Hudson Yards in Manhattan

8:00 am on July 1, 2025 By Michael Young and Matt Pruznick

Excavation progressing at 70 Hudson Yards, the site of a 47-story commercial skyscraper in Hudson Yards, Manhattan. Designed by Roger Ferris + Partners and Gensler and developed by Related Companies and Oxford Properties, the 717-foot-tall structure will yield 1.1 million square feet of office space and is planned to become New York’s first zero-carbon emission skyscraper. The property is bounded by West 36th and 35th Streets to the north and south, The Set at 451 Tenth Avenue to the east, and Hudson Boulevard East and Bella Abzug Park to the west.

5 East 59th Street. Developed by Ripco Real Estate.

Rendering Reveals Retail Facelift For 5 East 59th Street on Manhattan’s Upper East Side

7:30 am on June 23, 2025 By Michael Young

Construction is steadily progressing on 5 East 59th Street, an eight-story retail and office redevelopment on Manhattan’s Upper East Side. Developed by Ripco Real Estate with marketing by SERHANT., the project will see an exterior and interior overhaul to the building, updated retail space, column-free office space above, and two full-service amenity floors including a private lounge and rooftop terrace. The commercial property spans 45,350 square feet and is situated on an interior lot by the corner of East 59th Street and Fifth Avenue.

70 Hudson Yards. Designed by Roger Ferris+ Partners and Gensler.

70 Hudson Yards Breaks Ground in Hudson Yards, Manhattan

8:00 am on June 16, 2025 By Michael Young

Construction is officially underway at 70 Hudson Yards, a forthcoming 47-story office skyscraper in Hudson Yards, Manhattan. Designed by Roger Ferris+ Partners and Gensler and developed by Related Companies and Oxford Properties, the future 1.1-million-square-foot structure will rise to an architectural height of 717 feet and is reportedly planned to become New York’s first zero-carbon emission skyscraper. The all-electric mixed-use building is alternatively addressed as 514 West 36th Street and will rise from an assemblage of two adjacent parcels bound by West 36th and 35th Streets to the north and south, The Set at 451 Tenth Avenue to the east, and Hudson Boulevard East and Bella Abzug Park to the west.

Excavation Continues for KPF-Designed Skyscraper at 570 Fifth Avenue in Midtown, Manhattan

8:00 am on June 12, 2025 By Michael Young and Matt Pruznick

Excavation is progressing deeper at 570 Fifth Avenue, the site of a 29-story office skyscraper on the eastern edge of the Diamond District in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Extell, the 567-foot-tall structure will yield 637,312 square feet of Class A office space. The building will also contain retail space on floors one and two, an 80,000-square-foot flagship store for IKEA on the first two cellar levels, and a gym, swimming pool, basketball court, and juice bar on the third and fourth below-grade stories. The development is located between West 46th and 47th Streets.

Rendering of The Lirio. Designed by CetraRuddy

Construction Progresses on The Lirio at 364 West 54th Street in Hell’s Kitchen, Manhattan

7:30 am on June 11, 2025 By Michael Young and Matt Pruznick

Construction is moving along on The 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 Hudson Companies in collaboration with Housing Works with Broadway Builders as the construction company, The Lirio is 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. The project will also include 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 located at the intersection of Ninth Avenue and West 54th Street.

125 West 57th Street. Photo by Michael Young.

Construction Nears Completion on 125 West 57th Street in Midtown, Manhattan

8:00 am on June 10, 2025 By Michael Young and Matt Pruznick

Work is nearing completion on 125 West 57th Street, a 30-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 420-foot-tall structure will span 260,000 square feet and yield 185,000 square feet of full-floor Class A office space. The development will also include a dedicated amenity floor designed by Gensler, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. The project is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc’s One57 and SHoP Architects’ 111 West 57th Street.

1522 First Avenue Wraps Up Construction on Manhattan’s Upper East Side

8:00 am on June 7, 2025 By Michael Young and Matt Pruznick

Construction is coming to a close at 1522 First Avenue, a 30-story medical office building in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell, the 449-foot-tall structure will yield 400,000 square feet of Class A office space, as well as 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. The property is alternately addressed as 403 East 79th Street and is located between East 79th and East 80th Streets.

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