Office

Demolition Prep Underway for MSK Hospital Skyscraper at 1233 York Avenue on Manhattan’s Upper East Side

8:00 am on December 16, 2024 By Michael Young

The 16th-tallest building on YIMBY’s year-end construction countdown is MSK Pavilion, a forthcoming 594-foot-tall inpatient hospital building at 1233 York Avenue in the Lenox Hill section of Manhattan’s Upper East Side. Designed in collaboration by CannonDesign and Foster + Partners and developed by Memorial Sloan Kettering Cancer Center (MSKCC), the 31-story structure will yield 900,000 square feet of cancer care and surgery facilities. Demolition is currently underway on the current occupant of the site, a 23-story building that formerly housed medical student residences and administrative offices. The property is bound by East 67th Street to the north, East 66th Street to the south, and York Avenue and Rockefeller University to the east.

The Maybury Wraps Up Construction At 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on December 15, 2024 By Michael Young

At number 17 on our year-end countdown of the tallest buildings under construction in New York is The Maybury, a 520-foot-tall residential skyscraper wrapping up work at 550 Tenth Avenue in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 47-story structure spans 430,000 square feet and yields 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 of the property, which is located along Tenth Avenue between West 40th and 41st Streets.

Rolex USA Headquarters Reaches Halfway Mark at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on December 10, 2024 By Michael Young and Matt Pruznick

At number 22 on YIMBY’s countdown of the tallest buildings under construction in New York is 665 Fifth Avenue, a 469-foot-tall office building that will house the US headquarters for Rolex 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. The ground-up project is located at the corner of Fifth Avenue and East 53rd Street.

1522 First Avenue’s Exterior Nears Completion on Manhattan’s Upper East Side

8:00 am on December 5, 2024 By Michael Young

The 27th-tallest building on our year-end construction countdown is 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.

Façade Work Continues on 125 West 57th Street in Midtown, Manhattan

8:00 am on December 4, 2024 By Michael Young and Matt Pruznick

At number 28 on our countdown of the tallest construction projects in New York is 125 West 57th Street, a 26-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, a dedicated amenities 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.

Photograph of 45 Main Street, courtesy of Two Trees Management

New Commercial Lease Signed At 45 Main Street In DUMBO, Brooklyn

6:30 am on November 27, 2024 By Max Gillespie

Constangy, Brooks, Smith & Prophete, LLP recently signed a new lease at 45 Main Street, a 12-story office building in DUMBO, Brooklyn. Managed by Two Trees, the property was constructed in 1912 and spans a full block bound by Water Street to the north, Front Street to the south, Washington Street to the east, and Main Street to the west. Office spaces are offered in flexible footprint and lease terms.

Rendering of 1345 Third Avenue, the Northwell Health Medical Pavilion

Façade Installation Continues on 1345 Third Avenue on Manhattan’s Upper East Side

7:30 am on November 26, 2024 By Michael Young and Matt Pruznick

Façade installation is continuing on the Victoria and Lloyd Goldman Health Care Pavilion, a 15-story medical facility for Lenox Hill Hospital at 1345 Third Avenue on Manhattan’s Upper East Side. Designed by Ennead Architects and developed by Northwell Health and The University Financing Foundation, the 215-foot-tall structure will yield 200,000 square feet of outpatient treatment space for specialized cancer care services, imaging and lab testing, cardiac care, neuroscience programs, a sleep study center, acute and chronic disease management, social work services, and more. The $450 million project is located in Lenox Hill between East 76th and 77th Street.

Rendering Revealed for 245 West 55th Street’s Expansion in Midtown, Manhattan

7:30 am on November 20, 2024 By Michael Young and Matt Pruznick

A new rendering has been revealed for 245 West 55th Street, an 18-story renovation and expansion in Midtown, Manhattan. Developed by New Jersey-based Mandelbaum & Mandelbaum under the 245 West 55th St LLC, the project involves the construction of six new stories above the roof parapet of the current 135-foot-tall mixed-use building, as well as the gut renovation of its 70,000 square feet of interiors and possible residential conversion of its commercial space. The site’s zoning also permits the structure’s renovation for boutique office use, though it is currently unclear which option the developer is pursuing. The property is located on an interior lot between Eighth Avenue and Broadway.

Photograph of 387 Park Avenue, via TF Cornerstone

Ten-Year Lease Extension Signed at 387 Park Avenue South In NoMad, Manhattan

6:30 am on November 20, 2024 By Max Gillespie

A new ten-year lease extension was recently signed by commerce media company Criteo at 387 Park Avenue South, a 13-story office building located in NoMad, Manhattan. Owned by TF Cornerstone, the building is currently at full occupancy.

Demolition Set to Begin at 156-166 Bowery in Nolita, Manhattan

7:30 am on November 17, 2024 By Michael Young and Matt Pruznick

Demolition preparations are underway at 156-166 Bowery, the site of a forthcoming seven-story commercial building in Nolita, Manhattan. Designed by Perkins + Will Architects and developed by Kinsman Property Group, a joint venture between Madison Group and State Building Group, the 85-foot-tall structure will yield 72,441 square feet of office space. The 15,000-square-foot property is currently occupied by seven vacant low-rise buildings by the corner of Bowery and Kenmare Street.

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